Search Results for: compliance
KYC/Risk Assessment & FATCA/CRS solutions for Cyprus Companies
June 22nd, 2016
The responsibilities of Compliance Departments within organizations have significantly increased over the last few years and a software solution that accommodates the latest Cyprus and International developments, as well as constant changes in the AML legislation is a must. ...
CySec suspends the license of a Cyprus Investment Firm
June 21st, 2016
The Cyprus Securities and Exchange Commission (CySec), has issued an announcement to inform that the Commission has decided to suspend the licence of a Cyprus Investment Firm. The authorisation of the Cyprus Investment Firm ‘AirFinance Pro Ltd’, with number ...
IoM FATCA Report Deadline Approaching
June 17th, 2016
The deadline of June 30, 2016, for Isle of Man “Reporting Financial Institutions” to submit their 2015 US Foreign Account Tax Compliance Act (FATCA) reports to the island’s Income Tax Division is now only two weeks away. The June ...
Exane BNP Paribas Chooses Corvil to Safeguard Its Electronic Trading Environment
June 16th, 2016
Leading Analytics Provider for Financial Markets Expands European Footprint Through Partnership With Top EU Equities Business Corvil, the leading analytics company for financial markets, today announced that Exane BNP Paribas, a European broker dealer, is using the Corvil platform ...
Accountants outsourcing their work in countries like India and Philippines
June 16th, 2016
Many accountants in Australia are shifting large proportions of their operations offshore to countries like India and the Philippines where workers can be paid as little as $5 an hour to complete time-consuming compliance work. While legal, many consumers are ...
CySec has issued a circular for CIFs regardig their remuneration obligations
June 16th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a circular wishes to remind the Cyprus Investment Firms (CIFs) about their obligations concerning remuneration policies and practices. In particular: 1. The CIFs must establish, implement and maintain remuneration policies ...
KPMG has resigned as auditor of Fifa
June 15th, 2016
KPMG Switzerland has resigned as auditor of Fifa, the world football governing body which has become mired in a corruption scandal following claims that millions of pounds have been paid to its top executives as part of corrupt deals ...
Broadridge Financial Solutions to acquire 4sight Financial Software
June 15th, 2016
Broadridge Financial Solutions, Inc.(NYSE:BR) today announced that it has expanded its global securities financing and collateral management capabilities through the acquisition of 4sight Financial Software Limited, a leading provider of securities finance and collateral management systems to financial institutions ...
The first major collaboration between an international legal firm and one of the ‘Big Four’ professional services firms
June 14th, 2016
Allen & Overy today announces the launch of MarginMatrix™, a new digital derivatives compliance system to help major banks deal with new regulatory requirements that will come into force for the USD500 trillion over-the-counter (OTC) derivatives market from 1 ...
Oracle whistleblower suit raises questions over cloud accounting
June 10th, 2016
The Oracle logo is seen on its campus in Redwood City, California June 15, 2015.REUTERS/ROBERT GALBRAITH A whistleblower lawsuit filed against Oracle Corp (ORCL.N) over its accounting practices underscores the pressures established computer companies face to show that they ...
