Switzerland adopts strategic directions to boost its Financial sector
October 25th, 2016
During its meeting on 19 October 2016, the Federal Council adopted a report and laid the foundations for a future-oriented financial market policy. The focus is on five strategic directions that should enable the Swiss financial centre to boost ...
FCA: Investment and fund manager banned
October 24th, 2016
On 20 October 2016 the Tribunal upheld the Financial Conduct Authority’s (FCA) decision to ban Tariq Carrimjee of Somerset Asset Management LLP (Somerset) from carrying out the compliance oversight and money laundering reporting significant influence functions. The Tribunal’s decision ...
Plus500 reports a revenue increase of 14% at $236.3m
October 24th, 2016
Plus500, an online service provider for retail customers to trade CFDs internationally, has published a trading update for the three and nine months ended 30 September 2016. In the nine months ended 30 September 2016, revenue was $236.3m an ...
Online gambling firms under investigation over fears for unfair customers terms and conditions
October 21st, 2016
This follows concerns raised by the Gambling Commission about potential breaches of consumer law, including misleading promotions and unfair terms, being used by firms to block players’ payouts. The Competition and Markets Authority (CMA) is today issuing Information Notices ...
SFC reprimands and fines two JP Morgan entities HK$5.6 million for regulatory breaches
October 20th, 2016
The Securities and Futures Commission (SFC) has reprimanded J.P. Morgan Securities (Asia Pacific) Limited (JPMSAP) and JPMorgan Chase Bank, National Association (JPMCB), and fined them $3 million and $2.6 million respectively for regulatory breaches including disclosure failures in research ...
Back Office Administrator
October 20th, 2016
Topic Markets Ltd is seeking to recruit Back Office Administrator to join our team in Limassol. JOB DESCRIPTION: Registration of new client’s accounts in company’s CRM system; Ensure compliance with the company’s anti money laundering procedures; Handling of client ...
Tax Experts Wanted in U.A.E.
October 20th, 2016
U.A.E. Ministry of Finance advertising about 30 tax jobs Gulf Arab monarchies to impose value added tax by 2018 The United Arab Emirates is setting up a federal tax authority that will be in charge of collecting levies, as ...
SEC: Israeli-based Bank Leumi has agreed to pay $1.6 million to settle charges
October 19th, 2016
SEC Charges Bank Leumi With Conducting Unregistered U.S. Cross-Border Business The Securities and Exchange Commission today announced that Israeli-based Bank Leumi has agreed to pay $1.6 million and admit wrongdoing to settle charges that it provided investment advice and ...
Deloitte now focuses on blockchain technology and the Internet of Things (IoT)
October 19th, 2016
Deloitte Catalyst accelerates digital transformation by bringing together critical assets and capabilities from the domains of cognitive technologies, Internet of Things and blockchain and includes as initial members Narrative Science, Kira Systems, Ayasdi and Loyyal, among others. Deloitte Catalyst has enabled Deloitte to launch ...
The USA based Tax Foundation published the 2016 International Tax Competitiveness Index; Estonia is on Top
October 19th, 2016
Introduction The structure of a country’s tax code is an important determinant of its economic performance. A well-structured tax code is easy for taxpayers to comply with and can promote economic development, while raising sufficient revenue for a government’s ...
