Search Results for: legal
European Commission to set paternity leave rules
April 27th, 2017
Commission readies new parental leave rules to replace axed maternity bill Two years after the European Commission scrapped its own proposal for new EU maternity leave rules, the EU executive is getting ready to replace it with new measures, ...
CySec announced approval of a new Cyprus Investment Firm
April 27th, 2017
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that a new firm has been approved by the Commission as a Cyprus Investment Firm. According the announcement the firm Galactus Ltd has successfully ...
Report: Unauthorised forex trader’s collapse may cost punters half billion
April 27th, 2017
The reported collapse of the JJPTR scheme may cause “investors” ― including from Malaysia ― previously promised steady monthly 20 per cent dividends to collectively lose RM500 million. JJPTR’s founder Johnson Lee, whose Penang-based forex trading company claimed its ...
EUR 230 million worth of fake food and beverages seized in global operation; case by country
April 27th, 2017
Operation OPSON VI, the joint Europol-INTERPOL operation targeting counterfeit and substandard food and drink, as well as the organised crime networks behind this illicit trade, has resulted in the seizure of 9 800 tonnes, over 26.4 million litres, and ...
AIB Bank fined millions euro for breach anti-money laundering compliance rules
April 27th, 2017
The Central Bank of Ireland (the ‘Central Bank’) fined Allied Irish Banks, p.l.c. (‘AIB’) €2,275,000 and reprimanded it for six breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act, 2010 (the ‘CJA 2010’). All six breaches have ...
Bitcoin is getting close to its all-time high
April 26th, 2017
Bitcoin is closing in on a record high after the US Securities and Exchange Commission has approved Bats Exchange’s pettition to reconsider the Winklevoss bitcoin ETF. The cryptocurrency was trading up 2.1% at $1,281.76 a coin as of 1:57 p.m. ET, and ...
71 Binary Options and Forex providers added to CFTC RED List
April 26th, 2017
As part of the U.S. Commodity Futures Trading Commission’s (CFTC) ongoing efforts to help protect Americans from fraud, today the CFTC added 71 new names to the RED List. These 71 new additions bring the total number of foreign ...
Panama Papers law firm partners get bail
April 25th, 2017
The partners of the law firm at the heart of the Panama Papers scandal were given bail Friday pending further legal action over allegations they helped launder money related to a huge Brazilian bribery case. Juergen Mossack and Ramon ...
Bank of Russia revoked the licence of a Bank
April 25th, 2017
The Central Bank of the Russian Federation (Bank of Russia) has issued an announcement to inform on revocation of banking licence of credit institution Finars Bank and appointment of provisional administration. By its Order No. OD-1057, dated 21 April 2017, the ...
Grant Thornton UK fined £2.3m over audit failures
April 24th, 2017
Grant Thornton UK LLP (“GT”) and Robert Napper (a retired GT Partner) (together, the “Respondents”), have admitted Misconduct and agreed to fines and other sanctions. This follows the conclusion of the Financial Reporting Council’s (FRC) investigation relating to the ...
