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Deloitte Brazil will pay an $8 million civil penalty

December 6th, 2016 (0)
The Public Company Accounting Oversight Board today announced that Brazil-based Deloitte Touche Tohmatsu Auditores Independentes will pay an $8 million civil penalty, the largest ever imposed by the PCAOB, to settle charges including issuing materially false audit reports and attempting ...

ASIC action sees BMW Australia Finance to repay $77 million to customers

December 6th, 2016 (0)
ASIC has accepted an Enforceable Undertaking (EU) from car financier, BMW Australia Finance Limited (BMW Finance), which will see BMW Finance implement Australia’s largest consumer credit remediation program to compensate customers for its responsible lending failures. BMW Finance provides ...

Kuwait ranks among top ten Middle East cities to live in

December 5th, 2016 (0)
In a new survey by Bayt.com titled ‘Top Cities in the Middle East and North Africa’, Kuwait City ranked among in the Top 10 Cities to live in. In Kuwait City, 40 percent of the citizens were happy about ...

Controversial state surveillance bill becomes law in UK

December 5th, 2016 (0)
The Investigatory Powers Bill will get royal assent on Tuesday. More than 130,000 people have signed a petition calling for it to be scrapped. Tim Berners-Lee has said it creates a “security nightmare”. Edward Snowden has described it as ...

A startup in India delivers cash to your doorstep

December 2nd, 2016 (0)
A city-based startup has found a unique way to increase its business in times of demonetisation — by delivering currency notes along with each order. The startup tailmil.com is offering free home delivery of valid currency notes up to ...

FCA bans and fines individual for £233,600

December 1st, 2016 (0)
FCA publishes decision notice against Alistair Burns deciding to ban him and fine him £233,600 The Financial Conduct Authority has today published a Decision Notice in respect of Alistair Burns, Chief Executive at TailorMade Independent Limited (TMI). Mr Burns ...

Latest on FIFA fraud case: Swiss prosecutors add former FIFA Secretary General to corruption probe

December 1st, 2016 (0)
Former FIFA executive Linsi added to corruption probe Swiss prosecutors have added former FIFA Secretary General, Urs Linsi, to their criminal investigation into alleged corruption surrounding the 2006 World Cup in Germany. Investigators searched the Swiss citizen’s home on ...

Where in Europe can lawyers make the most money?

December 1st, 2016 (0)
A new study reveals in which countries lawyers are making the most money and working the least hours. Get ready to pack your bags. Feeling overworked and underpaid? The grass might not be greener on the other side. New ...

Mastercard announces ‘Selfie’ Payment Technology is a Reality

December 1st, 2016 (0)
Mastercard Identity Check Mobile allows cardholders to authenticate online payment by scanning their fingerprint or by taking a selfie. Technology eliminates the need to remember passwords to confirm online payments, while improving the security in these transactions. The application ...

Binary options – AMF updates its list of illegally operating platforms

November 30th, 2016 (0)
Once again, the Autorité des marchés financiers (the “AMF”) is sounding the alarm and alerting Québec consumers to the dangers of binary options. The AMF wishes to stress that no business is currently authorized to market or offer binary ...
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