Search Results for: compliance
Facebook, YouTube and Twitter face legal action over hate speech
May 17th, 2016
Three French anti-racism groups on Sunday declared that they’ll be filing legal complaints against Facebook, Twitter and YouTube for failing to remove “hateful” posts aimed at the black, Jewish and homosexual communities. The groups – SOS Racisme, SOS Homophobia ...
ASIC accepts enforceable undertaking from HSBC Bank Australia
May 17th, 2016
ASIC has accepted an enforceable undertaking (EU) from HSBC Bank Australia Ltd (HSBC) that requires HSBC to review and remediate clients who received potentially deficient advice on retail structured products between January 2009 and March 2013. The EU follows ...
The Big Four’s push to become the little guy’s friend
May 16th, 2016
Servicing the needs of large corporates remains the Big Four’s heartland. But the top four firms are increasingly attempting to disrupt the smaller reaches of the business market. In the 18 months since KPMG made a £40m sally into the ...
Retail OTC derivative issuer Ikon rectifies client trust accounts and improves disclosure
May 11th, 2016
Following concerns raised by ASIC, retail over-the-counter (OTC) derivative issuer Ikon (Australia) Pty Ltd (AFSL No. 416279) (Ikon) has agreed to separate client money held in compliance with its obligations under the Corporations Act, from money held for overseas ...
CFTC orders Futures Commission Merchant and its controller to pay a $150,000 Penalty
May 10th, 2016
Cunningham also Penalized for its Failure to Immediately Report a Customer Residual Account Deficiency and for its Failure to Report Special Account Positions Held by Large Traders The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing ...
AAYP 2016: Five key skills auditors will need in the future
May 10th, 2016
AUDIT teams have the skill sets to meet today’s requirements but changes will be needed to meet the demands of audit in the future. That is the finding of two international research studies published by ICAS and the FRC which examines the skills, ...
Convergex Expands European Presence
May 5th, 2016
Convergex has issued an announcement to inform that it has further expanded its European-based electronic sales team with the recent hiring of Leila Mayet and Jeanine Cerligione. Both Leila and Jeanine join Convergex as Vice-Presidents and will focus on ...
Craigs Investment Partners admitted that has breached the Anti-Money Laundering and Countering Financing of Terrorism Act
May 5th, 2016
The Financial Markets Authority (FMA) has today issued a formal warning to Craigs Investment Partners Limited (Craigs) under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the AML/CFT Act). Section 22 of the AML/CFT ...
US Court Dismisses Case Against FATCA Disclosures
May 4th, 2016
The US District Court for the Southern District of Ohio has dismissed a case brought by Senator Rand Paul (R – Kentucky) and a group of individuals, who attempted to make several challenges to the Foreign Account Tax Compliance ...
First Derivatives and Thomson Reuters formed a Strategic Partnership for Streaming Analytics
April 27th, 2016
FD (AIM: FDP.L, ESM: FDP.I) announces a strategic partnership for the use of its Kx technology with Thomson Reuters to power the latest version of their financial Data as a Service platform, Velocity Analytics. The agreement follows a comprehensive ...
