Search Results for: financial institutions
China busts largest underground banking case
November 23rd, 2015
Police in east China‘s Zhejiang Province have busted the country’s largest underground banking case, which involved transactions totalling 410 billion yuan (64 bln U.S. dollars), the Ministry of Public Security said Thursday. A total of 100 suspects from eight ...
Bitcoin exhange allegedly owned by bank hack mastermind pleaded not guilty to money laundering
November 18th, 2015
Murgio pleads not guilty to charges of money laundering Bitcoin exchange allegedly owned by bank hack mastermind A man accused of operating a bitcoin exchange allegedly owned by the mastermind of a criminal enterprise that hacked at least nine ...
Australia, Germany Sign New DTA
November 17th, 2015
Australia and Germany have signed a new double tax agreement (DTA) that lowers withholding tax rates on cross-border income and introduces new anti-abuse and prevention of non-taxation rules. The new agreement was signed on November 13 and replaces the ...
Barclays, HSBC, Royal Bank of Scotland ‘at risk of further penalties’
November 17th, 2015
Investigations into financial crisis conduct show ‘no signs of abating’, warns Moody’s Major banks have now set aside $219bn (£144bn) to pay fines and legal costs since the financial crisis. Ratings agency Moody’s, which calculated the vast provisions, ranked ...
IRS: Offshore Compliance Programs Generate $8 Billion
November 16th, 2015
With more than 54,000 taxpayers coming in to participate in offshore disclosure programs since 2009, the Internal Revenue Service today reminded U.S. taxpayers with undisclosed offshore accounts that they should strongly consider existing paths established to come into full ...
Foreign investors warn China e-trading proposal could sink Stock Connect
November 13th, 2015
Draft rules to curb high-speed trading blamed for China’s summer stock market crash could kill off billions of dollars of investment into China, global banks and investors have told Chinese regulators in a letter. Industry participants who signed off ...
mydesq selects Encap Security to boost productivity and engagement for wealth managers
November 12th, 2015
Encap Security, provider of uncompromising authentication for financial institutions, has today announced that mydesq, a high growth fintech firm, will integrate Encap’s Smarter Authentication platform into its next generation wealth management solution. mydesq provides wealth managers with a next ...
FirstRand joins CLS as new settlement member
November 12th, 2015
CLS Group (CLS) and FirstRand issued an announcement to inform that FirstRand joined CLS as a settlement member. Founded in 1998, FirstRand is one of the most important financial institutions in South Africa and the wider sub-Saharan region. It ...
What Morgan Stanley will do to boost profit
November 12th, 2015
Exclusive: Morgan Stanley turns to stodgy bank accounts to boost profit Morgan Stanley, (MS.N) better known for underwriting bonds than for retail banking, plans to offer savings accounts and certificates of deposits next year to wring more profit from ...
JPMorgan’s 2014 Hack Tied to Largest Cyber Breach Ever
November 11th, 2015
Online gambling, bitcoin scam, money laundering among charges Hackers took data on 100 million customers, U.S. alleges The U.S. described a vast, multi-year criminal enterprise centering on hacks of at least nine big financial and publishing firms and the ...
