Search Results for: compliance
CySec informs CIFs for France’s legislation about advertising speculative, complex and risky products
April 12th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular (C202) to inform Cyprus Investment Firms (CIFs) in relation to France’s national legislation regarding the prohibition of electronic advertising to retail investors when offering speculative, complex and risky ...
SFC reprimands and fines iSTAR International Futures $3 million
April 12th, 2017
SFC reprimands and fines iSTAR International Futures Co. Limited $3 million over anti-money laundering-related internal control failures The Securities and Futures Commission (SFC) has reprimanded iSTAR International Futures Co. Limited, now known as Rifa Futures Limited (Rifa), and fined ...
KPMG US removes head of audit for ‘improper’ warnings
April 12th, 2017
The firm said it learned in late February, from an internal source, that an individual who had joined KPMG from the PCAOB subsequently received confidential information from a then-employee of the PCAOB, and shared that information with other KPMG ...
Oil rises on potential Saudi Arabian output cut extension
April 12th, 2017
Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first ...
Multinational law firm launches global FinTech mentors program
April 11th, 2017
Hogan Lovells is launching a Global FinTech Mentors Program, through which its most experienced Financial Services and Regulatory partners will guide FinTech organizations, at any stage of development, through their FinTech journey. FinTech mentors will be available to organizations ...
Financial Commission expels EQMarkets and takes emergency action to help clients
April 11th, 2017
Financial Commission, a leading external dispute resolution (EDR) organization, operated by FinaCom PLC, today announces that it has permanently expelled EQ Markets LTD (EQMarkets) from membership with the Financial Commission and that emergency action will be taken to help ...
Investigations have commenced into Barclays and Group CEO
April 10th, 2017
Barclays PLC and Barclays Bank PLC (Barclays) announce that the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have commenced investigations into: · Jes Staley, Group Chief Executive Officer of Barclays, as to his individual conduct and senior ...
ESMA reports on EU Accounting enforcement in 2016
April 10th, 2017
The European Securities and Markets Authority (ESMA) has published its annual report on the enforcement and regulatory activities of accounting enforcers within the European Union (EU) in 2016. ESMA, in 2016, continued strengthening supervisory convergence in the area of ...
Apple taken to court by Australia
April 7th, 2017
The Australian Competition and Consumer Commission has instituted proceedings in the Federal Court against Apple Pty Limited and its US-based parent company, Apple Inc., (together, Apple) alleging that Apple made false, misleading, or deceptive representations about consumers’ rights under ...
HMRC launch criminal investigation into global financial institution
April 7th, 2017
HMRC, alongside our international partners, launched an investigation for suspected tax evasion and money laundering by a global financial institution. HM Revenue and Customs is getting increasingly tougher on offshore tax evasion, collecting more than £2.7 billion since 2010. Yesterday, ...
