Search Results for: law
Without US support, multinational tax crackdowns will fail
January 29th, 2015
It’s no secret that companies including Apple, Google, Amazon, Uber, Airbnb and Ikea seem to pay less than their fair share of tax in Australia. Despite booking huge revenues from sales to Australian customers they are able to reduce ...
SEC Charges Oppenheimer
January 28th, 2015
The Securities and Exchange Commission today charged Oppenheimer & Co. with violating federal securities laws while improperly selling penny stocks in unregistered offerings on behalf of customers. Oppenheimer agreed to admit wrongdoing and pay $10 million to settle the ...
The Federal Reserve Bitcoin Strategy
January 28th, 2015
This morning The Federal Reserve Bitcoin Strategy was released in a paper outlining multiple options for improving the U.S. payment system. In the past, Digital currency had been deemed too immature. Now, after pressure from private sector interests, the ...
The second stage in the washing cycle – Layering (Video)
January 26th, 2015
Layering Layering is the process of separating the proceeds of criminal activity from their origin through the use of many different techniques to layer the funds. These include using multiple banks and accounts, having professionals act as intermediaries and ...
SEC announces fraud charges against Investment Adviser
January 23rd, 2015
The Securities and Exchange Commission today announced fraud charges and an asset freeze against a Fort Lauderdale, Florida-based investment advisory firm, its manager, and three related funds in a scheme that raised more than $17 million since November 2013. ...
Oil tycoon Harold Hamm sells company for $3 billion
January 22nd, 2015
Oil magnate Harold Hamm is selling one of his companies for $3 billion, but that kind of money still won’t make up for what he recently lost. Kinder Morgan (KMI) said Wednesday that it will buy Hamm’s company Hiland, which owns ...
SEC Announces Charges Against Standard & Poor’s for Fraudulent Ratings Misconduct
January 22nd, 2015
The Securities and Exchange Commission today announced a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities (CMBS). S&P agreed to pay more than $58 ...
Bitcoin dealer sentenced to four years in US prison
January 21st, 2015
Robert Faiella, 55, and an accomplice were charged with conspiracy to commit money laundering and running an unlicensed money transmitting business. A New York court Tuesday (Jan 20) handed a four-year prison sentence to a Bitcoin exchange operator who ...
City hedge fund manager convicted of multi-million pound fraud
January 20th, 2015
Serious Fraud Office, an independent government department in UK that investigates and prosecutes serious or complex fraud and corruption, released on a press statement that: A former city hedge fund manager was convicted following the Serious Fraud Office’s investigation ...
Switzerland, Italy Reach Agreement On Tax Treaty
January 20th, 2015
Italy and Switzerland have agreed an amendment to their double tax agreement to enhance tax information exchange provisions. It is hoped that the agreement will be signed before the March 2 deadline set by Italy’s new voluntary disclosure program ...
