Search Results for: compliance
The Cyprus Securities and Exchange Commission fined OptionRally for €138.000
October 3rd, 2016
The Board of the Cyprus Securities and Exchange Commission (CySec) wishes to inform investors that, at its meeting held on 5 September 2016, decided to impose a total administrative fine of €138.000 to the CIF OptionRally Financial Services Ltd (‘the ...
CySec fined Binary provider IQ Option for €180.000
October 3rd, 2016
The Board of the Cyprus Securities and Exchange Commission (CySec) wishes to inform investors that, at its meeting held on 5 September 2016, decided to impose a total administrative fine of €180.000 to the CIF IQ Option Europe Ltd (‘the Company’) ...
Monitoring Team Operator
October 3rd, 2016
Topic Markets Ltd is seeking to recruit Monitoring Team Operator to join our team in Limassol. JOB DESCRIPTION: Monitors of due diligence procedure; Collects feedback of clients regarding our services; Monitors the internal and external department in the organisation; ...
Fintech Upstart LendUp Fined by CFPB, California Regulator
September 29th, 2016
Fintech upstart LendUp was fined by the Consumer Financial Protection Bureau and a California state regulator over widespread violations of payday- and installment-lending laws. The San Francisco-based lender, which specializes in small-dollar loans to risky borrowers, agreed to pay ...
HMRC Adds To Main VAT Registration Guide
September 29th, 2016
The UK tax authority, HM Revenue and Customs, has updated VAT Notice 700/1 on value-added tax (VAT) registration following law changes intended to prevent VAT evasion. The Notice has been updated following the introduction of new powers for HMRC ...
CFTC Expands Interest Rate Swap Clearing Requirement
September 29th, 2016
The U.S. Commodity Futures Trading Commission (Commission) today expanded the existing clearing requirement for interest rate swaps. The Commission voted unanimously to approve an amendment to Commission regulation 50.4(a) that establishes a new clearing requirement determination. The new clearing ...
Iran to introduce credit cards for the first time
September 26th, 2016
The Central Bank of Iran allowed the country’s financial institutions to issue credit cards for the first time in Iran’s history, however the cards are unlikely to be issued soon, local ISNA news agency reported, citing the Central Bank ...
FTSE-100 sets aside billions for legal bills
September 26th, 2016
Top UK-listed companies under intense regulatory scrutiny are setting aside more cash than ever before for anticipated legal bills, according to latest research. Thomson Reuters says FTSE 100 companies set aside £31.3bn last year – up nearly £6bn on ...
Thailand’s leading commercial bank adopts Bloomberg’s multi-asset risk solution
September 26th, 2016
Bloomberg, the global business and financial information and news leader, today announced that Thanachart Bank, Thailand’s sixth largest bank by asset size, has selected Bloomberg’s multi-asset risk solution (MARS) for counterparty risk management. A subsidiary of Thanachart Group, Thanachart ...
Advantage Futures penalised for Risk Management and other failures
September 22nd, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Advantage Futures LLC (Advantage), a Chicago-based Futures Commission Merchant (FCM), for failing to diligently supervise the handling of certain commodity interest accounts, for deficient ...
