Search Results for: regulators
Iranian Miniskirts, Bags of Cash Raise Doubts Over Controls at HSBC
March 30th, 2016
Monitor finds lapses in bank’s efforts to prevent money laundering and evasion of sanctions following 2012 settlement with Justice Department The monitor overseeing HSBC’s compliance with a landmark anti-money-laundering settlement has uncovered a range of potential lapses including loans ...
Volkswagen sued by US watchdog over false ‘Clean Diesel’ claims
March 30th, 2016
Federal Trade Commission alleges Volkswagen deceived customers by selling cars based on fraudulent claims that they were environmentally friendly A federal consumer watchdog sued Volkswagen on Tuesday, charging the company made false claims in commercials promoting its “Clean Diesel” ...
Innovation in legal services is a win/win for the economy, law firms and the users of legal services
March 28th, 2016
Greater innovation in the legal services market is important for UK PLC, law firms and the users of legal services. The successful SRA Innovate conference on Tuesday, at London’s Altitude 360, brought together more than 100 original thinkers from ...
Round tables held by ACCA and Grant Thornton: Audit needs to respond more quickly to change
March 28th, 2016
Round tables point to concerns over Audit in developed countries A series of round tables held by ACCA (the Association of Chartered Certified Accountants) and Grant Thornton in seven countries across the world has revealed a series of highly diverse opinions ...
France fines Google for breaking ‘right to be forgotten’ law
March 28th, 2016
The nation can’t control what people access outside its borders, Google says. Europe’s “right to be forgotten” law is a boon to privacy, helping individuals hide embarrassing Facebook posts and other “out-of-date and irrelevant” results from search engines. However, ...
CSA concerned about unregistered activity around binary options from paltforms based in countries like Cyprus, Belize and the Seychelles
March 24th, 2016
The Canadian Securities Administrators (CSA) has issued an announcement to inform and encourage all investors to participate in Check Registration Day on March 16, 2016 by visiting aretheyregistered.ca to see whether the individual or firm offering them an investment ...
CySec informs that a firm obtained the Cyprus Investment Firm (CIF) license
March 24th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that “Woodbrook Wealth Management Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now ...
Ex-Goldman Sachs Banker Bansal Gets Probation Over Fed Leak
March 23rd, 2016
Bansal pleaded guilty to getting documents from friend at Fed Prosecutors had sought a sentence of as long as a year An ex-Goldman Sachs Group Inc. banker who got a former colleague to steal documents from the Federal Reserve ...
Deloitte Predicts Rise in Blockchain-Based Payments
March 22nd, 2016
Deloitte’s Center for Financial Services has released a report forecasting transformation of the banking industry over the coming decade due to disruptive technology. The Banking Industry Outlookreport estimates that blockchain-based payment systems could equal the volume of the United States’ Automated Clearing ...
Bitcoin surveillance startup Elliptic raises $5m Series A funding
March 21st, 2016
Elliptic has today announced a $5 million Series A funding round led by Paladin Capital Group, with participation from Santander InnoVentures, KRW Schindler, Digital Currency Group, and existing investor, Octopus Ventures. Christopher Steed, Managing Director of Paladin Capital Group, ...
