Contributing Authors
October 2nd, 2014
Dr Alan Waring Dr Alan Waring has 35 years’ experience in risk management. His several books include Managing Risk (1998), co-authored with Prof Ian Glendon, Practical Systems Thinking (1996) and Corporate Risk and Governance published in May 2013. He has presented numerous conference and ...
CBC fines Alpha Bank Cyprus Ltd
September 11th, 2014
The Central Bank of Cyprus (CBC) has decided the imposition of fine amounting to €89.000 against Alpha Bank Cyprus Ltd for failing to comply with specific Laws and Directives. The Central Bank of Cyprus (CBC), within the remit of exercising its ...
CySec imposes administrative fine of €18.000
September 10th, 2014
The Cyprus Securities and Exchange Commission informs the investors that decided to impose the administrative fine of €18.000 in total against Cyprus Investment firm “Regency Asset Management (Cyprus) Ltd” for breaching the Prevention and Suppression of Money Laundering and ...
CySec imposes administrative fine of €10.000
September 10th, 2014
The Cyprus Securities and Exchange Commission informs the investors that decided to impose the administrative fine of €10.000 in total against Cyprus Investment firm “SIB (Cyprus) Ltd” for breaching the Prevention and Suppression of Money Laundering and Terrorist Financing ...
U.S. Charges Belize Agents Linked to Cynk’s Stock Surge
September 10th, 2014
Two men working out of the same Belize building as the penny-stock company Cynk Technology Corp. (CYNK), which surged to a market value of more than $6 billion for an hour in July, were among six people accused by ...
Belize Firm Charged in $500 Million Tax-Evasion Scheme
September 10th, 2014
IPC Management Services LLC, a Belize-based investment firm, and its founder were accused of a $500 million scheme to launder money and hide investments as part of a U.S. crackdown on tax evasion. Robert Bandfield, a U.S. citizen, was ...
The Reasons Bankers Weren’t Busted
September 9th, 2014
“There Were No Convictions of Bankers for Good Reason” is the headline of a post by Mark F. Pomerantz, a lawyer and retired partner at Paul, Weiss, Rifkind, Wharton & Garrison in the New York Times’s Room for Debate ...
Bitcoin Foundation’s Shrem Will Plead Guilty
September 1st, 2014
Charlie Shrem, the former Bitcoin Foundation Inc. vice chairman, will plead guilty to unlicensed money transmission under an agreement with federal prosecutors, his lawyer said. Shrem was accused in an indictment of trying to launder more than $1 million ...
HKMA reaction to US sanctions over StanChart
August 20th, 2014
Following the New York Department of Financial Services allegations against Standard Chartered Bank as announced yesterday, the Hong Kong Monetary Authority has issued a notice informing that it has taken note of the action. The Hong Kong Monetary Authority (HKMA) ...
Citigroup considers sale of Japan retail unit
August 20th, 2014
Citigroup Inc is considering the sale of its Japanese retail unit and has approached about 10 banks, according to a source, as the U.S. banking company struggles to turn around its Japanese operations. Citigroup’s move came as Japan’s banking ...
