Search Results for: legal
Paysafe latest update on Data Breach of Customer Accounts
November 30th, 2015
Paysafe Group PLC on Monday said it is confident millions of customer accounts will not be compromised by past cyber attacks that resulted in data falling into the wrong hands. The payments company issued an update following an investigation ...
Deutsche Bank’s Swiss Unit to Pay $31 Million in Tax Case
November 27th, 2015
U.S. has reached non-prosecution deals with 57 Swiss banks Firms have paid a total of $570.4 million in tax accords Deutsche Bank AG’s Swiss unit agreed to pay $31 million to receive a non-prosecution agreement in a U.S. probe ...
SRA looks to the future, setting out a new regulatory model
November 27th, 2015
Solicitors Regulatory Authority has published a press release regarding how SRA looks to the future. According SRA: We have outlined our vision for the future, pushing ahead with a fundamental shift away from prescriptive rules in favour of protecting the ...
British judge delays trial of RBS shareholder lawsuit to 2017
November 27th, 2015
A High Court judge on Thursday delayed the trial in a drawn-out battle between Royal Bank of Scotland (RBS.L) and shareholders, criticising the lender and its legal advisers for being “unfocused” and swamped by 25 million documents. Thousands of ...
CySec warns for a serious financial scam regarding individuals impersonating CySec officers
November 27th, 2015
The Cyprus Securities and Exchange Commission (CySec), the financial regulator of Cyprus, has issued today a warning to inform investors and the general public that it has come to its attention that several types of financial scam messages and/or ...
ISDA and IIFM publish Islamic Cross Currency Swap Standard
November 27th, 2015
The International Swaps and Derivatives Association, Inc. (ISDA) and the International Islamic Financial Market (IIFM) today announced publication of a new Islamic hedging product standard, the ISDA/IIFM Himaayah Min Taqallub As‘aar Assarf (Islamic Cross Currency Swap) for use in Islamic hedging ...
Israel joins international efforts to boost transparency and end tax evasion
November 26th, 2015
Israel signed today the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 91st jurisdiction to join the world’s leading instrument for boosting transparency and combating offshore tax evasion. The Convention provides for all forms of ...
South Korea Fines Volkswagen and Orders Recall Over Emissions Scandal
November 26th, 2015
South Korea on Thursday ordered Volkswagen to recall more than 125,000 cars here, saying a government investigation had found that the German carmaker had illegally manipulated an emissions device in cars with older diesel engines. The Environment Ministry began ...
FCA fines Barclays £72 million. Barclays announces settlement
November 26th, 2015
FCA fines Barclays £72 million for poor handling of financial crime risks Barclays announces settlement with the FCA The Financial Conduct Authority (FCA) has today fined Barclays Bank (Barclays) £72,069,400 for failing to minimise the risk that it may ...
Former Goldman Employee Charged With Insider Trading Before Mergers
November 26th, 2015
The Securities and Exchange Commission announced insider trading charges against a former Goldman Sachs employee accused of stealing nonpublic information in the firm’s e-mail system so he could trade illegally in advance of client mergers and make more than ...
