Search Results for: legal
Prosecutors demand jail for ex-PwC’s accountants
May 12th, 2016
During the last hearings of the LuxLeaks trial, prosecutors have asked for a 18-month jail sentence for Antoine Deltour and Raphaël Halet, both ex-PwC accountants who blew the whistle over the accountancy firm’s role in brokering sweetheart tax deals ...
Exit from the MoU: What does it mean for Cyprus?
May 12th, 2016
On March 31st, 2016 the Cyprus government has officially exited the MoU with Troika after a three-year period. During this time, Cyprus has received around €7.2 billion (out of a total of €10 billion available) with a very low ...
A beginner’s guide to bitcoin: What you need to know
May 12th, 2016
When Craig Wright claimed he invented bitcoin, it put the mysterious currency back in the spotlight. But while it’s generated a furore in the community of underground hackers and crypto-anarchists, most people are bemused by all the fuss. What is ...
NOVONOUS estimates that Global Mobile Payments market will grow at a CAGR of 36.26% by 2020
May 12th, 2016
NOVONOUS estimates that Global Mobile Payments market will grow at a CAGR of 36.26% by 2020. This growth is mainly due to increasing penetration of Mobile Payments in various sectors, increase in analytics services and availability of affordable Mobile ...
BVI Shrugs Off Recent Financial Services Criticism
May 11th, 2016
The Premier of the British Virgin Islands, Orlando Smith, has reiterated his Government’s commitment to the territory’s financial services industry. Smith stated, “Our financial services industry remains strong and our commitment to it is rock solid.” He added that ...
Dentons law firm launched revolutionary platform “Nextlaw Global Referral Network”
May 11th, 2016
Dentons is launching the Nextlaw Global Referral Network, a revolutionary platform, which the firm hopes to build into the largest and most expansive legal network in the world. It is different than existing pay-to-play networks; it is free to all ...
Bitcoin operators await regulation in Japan
May 11th, 2016
Bitcoin operators await regulation in Japan amid push for legitimacy and widespread use Bitcoin operators are keenly watching the Diet as it deliberates bills to regulate the currency, believing the legislation is key to regaining the public trust’s in ...
All five magic circle law firms named in new ‘Panama Papers’ database
May 11th, 2016
Top City firms named as a result of Mossack Fonseca leak and further investigations by press All five magic circle law firms have been named in an online database that reveals the identities of thousands of companies connected to the Panama ...
Panama Papers spur global tax tightening as second leak names more people, companies
May 10th, 2016
Details are still being sifted from the hugely anticipated second global data leak that names people, companies and tax schemes connected to offshore entities — many with familiar names. Legal or otherwise, the new cache of thousands of financial ...
A new CIF license announced by CySec
May 10th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that “Lydya Financial Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now authorised to operate legally ...
