Search Results for: compliance
CySec announced law violations by Cyprus Popular Bank Public Co Ltd and fined Members of its Board
September 21st, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that the Commission has examined the matter of compliance of Cyprus Popular Bank Public Co Ltd with the Insider Dealing and Market Manipulation (Market Abuse) Law and ...
Broadridge Acquires Technology to Accelerate Proxy Blockchain Roadmap
September 21st, 2016
Broadridge Financial Solutions, Inc. (NYSE:BR) announced that it has acquired technology assets of Inveshare, Inc. (“Inveshare”). In connection with the transaction, Broadridge has entered into a development agreement to use these technology assets to develop blockchain applications for Broadridge’s ...
SWIFT announces new security tool to strengthen customer fraud controls
September 20th, 2016
Anti-fraud reports introduced under SWIFT’s Customer Security Programme Supports banks by helping detect unusual payment flows quickly and easily Improves possibility of cancelling fraudulent transfers SWIFT announces the introduction of Daily Validation Reports, a new tool designed to supplement ...
CFTC Orders JSC VTB Bank and VTB Capital PLC Jointly to Pay a $5 Million Civil Monetary Penalty
September 20th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against banking institutions JSC VTB Bank (VTB), headquartered in St. Petersburg, Russia, and VTB Capital PLC (VTB Capital) for executing fictitious and noncompetitive block trades in Russian ...
Industry Experts take to stage for Fintech EUROPE London 2016
September 20th, 2016
Managers of Wealth (MoW) event FinTech EUROPE 2016 is to be held in central London on 27 October, 2016. The speakers represent many industry leading organisations and have extensive experience which contributes to their interesting, stimulating and insightful topics ...
Forex traders must repay retired teacher for the money she lost
September 19th, 2016
If someone approaches you to invest your money in the foreign-exchange (forex) market, be immediately on your guard. Foreign-exchange investments are extremely risky and there is a high probability of losing all your capital. This is what happened to ...
PwC moves into FIFA audit hot-seat
September 19th, 2016
PricewaterhouseCoopers (PwC) have stepped into the hot-seat vacated by KPMG as statutory auditors of FIFA. The world football body announced that the Bureau of the FIFA Council had appointed PwC Switzerland to the role. The move comes three months ...
ASIC cancels a suspended Australian Financial Services licence
September 16th, 2016
ASIC has cancelled the Australian Financial Services (AFS) licence of Melbourne-based company Allegianz Pty Ltd (Allegianz) for failing to lodge financial statements and auditor reports. Allegianz’s AFS licence was suspended by ASIC for six months in March 2016 for ...
Fintech Firm Ripple raises $55 Million In funding
September 16th, 2016
Ripple set out to solve a global problem, with far-reaching implications and significant obstacles. Where others struggle to find a use case and a market, Ripple has turned customers into investors, and capital into commercial deployments of our solutions. ...
PwC acquires data technology firm Selera Labs
September 15th, 2016
PwC is strengthening its tax reporting practice with the acquisition of Selera Labs, a market leading data technology firm. The acquisition comes at a time when tax authorities around the world are requiring increasing amounts of data from organisations. ...
