Search Results for: fraud
CFTC: Two Israeli web based binary options firms ordered to pay more than $4.5 Million
July 29th, 2016
Federal Court Orders Israeli Web-based Firms, Vault Options, Ltd. and Global Trader 365, to Pay More than $4.5 Million for Unlawful Off-Exchange Binary Options Trading, Fraud, and Registration Violations CFTC Obtains Default Judgment and Permanent Trading Ban against the ...
Regulator warns that fake law firms number is on the rise
July 28th, 2016
The Solicitors Regulation Authority (SRA) has issued an announcement to advise law firms and the public to be vigilant, with reports of bogus firms doubling since 2012. In SRA’s annual Risk Outlook report launched today (25 July), SRA caution that bogus firms ...
LATAM Airlines agrees to pay $12.75M to settle accounting violations
July 26th, 2016
LATAM Airlines Group S.A. (LATAM), a commercial airline company based in Chile, has agreed to pay a $12.75 million criminal penalty in connection with a scheme to pay bribes to Argentine union officials via a false consulting contract with ...
The Dubai government has shut down a foreign exchange trading firm
July 25th, 2016
The Dubai government has shut down a foreign exchange trading firm in Dubai pending further investigations. Officials from the Department of Economic Development (DED) closed the offices of Exential Group in Dubai Media City last week and ordered it ...
Cashier jailed after stealing office money from international law firm
July 25th, 2016
A cashier at a leading international law firm has been banned from the profession and served a jail sentence after stealing over £700,000. Juliette Holland, 46, was found to have misappropriated at least £727,597 of office money between March ...
Asian Stocks Drop as BOJ Rejecting Helicopter Money Supports Yen
July 22nd, 2016
Oil below $45 a barrel as gold retreats with copper, nickel Ringgit sinks as 1MDB scandal in focus; yuan strengthens Asian stocks fell with European equity index futures as commodities sank to levels last seen in May. Malaysia’s ringgit ...
A paper trail links online traders to tax havens
July 21st, 2016
A paper trail that runs from Okinawa to Canada and from Israel to Italy and France links some unauthorized online traders on the blacklist of Japan’s financial regulator to offshore companies in tax havens, an analysis of files leaked ...
Two top HSBC currency traders charged in forex probe
July 21st, 2016
A top HSBC executive has been charged with fraud in the US. Mark Johnson, HSBC’s global head of foreign exchange trading was arrested on Tuesday night. A former colleague, Stuart Scott, has also been charged. The two traders are ...
FCA released the details of a clone firm
July 20th, 2016
The Financial Conduct Authority (FCA) has issued a warning to inform that fraudsters are using the details of firms the FCA authorises to try to convince people that they work for a genuine, authorised firm. This is what FCA calls a ...
The International Ethics Standards Board for Accountants redefines accountants’ Ethical Role
July 18th, 2016
The International Ethics Standards Board for Accountants® (IESBA®, the Ethics Board) today released a new standard, Responding to Non-Compliance with Laws and Regulations. The standard sets out a first-of-its-kind framework to guide professional accountants in what actions to take in the public ...
