Search Results for: compliance
Virtual assets-based money laundering and other crypto-enabled crimes
December 14th, 2021
The 5th Global Conference on Criminal Finances and Cryptocurrencies on 7-8 December 2021, co-organised by the Basel Institute on Governance, INTERPOL and Europol, saw several thousand participants from the public and private sectors gathering to exchange knowledge on virtual ...
CySEC imposed an administrative fine to a Cyprus Investment Firm
June 16th, 2021
The Cyprus Securities Exchange Commission (CySEC) has issued an announcement to inform that has decided to impose an administrative fine to a Cyprus Investment Firm (CIF). According with the CySEC announcement: The Board of the Cyprus Securities Exchange Commission ...
European Commission adopts new tools for safe exchanges of personal data
June 16th, 2021
On the 4th of June, the European Commission adopted two sets of standard contractual clauses, one for use between controllers and processors and one for the transfer of personal data to third countries. They reflect new requirements under the ...
CySEC reached a settlement with a CIF for 100.000 euro
April 2nd, 2021
The Cyprus Securities and Exchange Commission (CySEC) has announced that has reached a settlement with a Cyprus Investment Firm (CIF). The settlement decision is in accordance with article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, ...
CySEC reached a settlement with a Cyprus Investment Firm for €50.000
March 24th, 2021
The Cyprus Securities and Exchange Commission (CySEC) has today announced that has reached a settlement with a Cyprus Investment Firm for possible violations. In accordance with the CySEC’s announcement: CySEC, under article 37(4) of the Cyprus Securities and Exchange ...
Improving the working conditions in platform work; Q&A
February 25th, 2021
The European Commission has published Questions and Answers about improving the working conditions in platform work. Why does the European Union need an initiative on platform work? The platform economy is a growing phenomenon, with around 11% of the ...
EU’s tax irregularities attract international attention
February 25th, 2021
Le Monde’s recent “OpenLux” revelations show that Luxembourg fails to act fairly within the European Union by offering low tax rates to corporates – underscoring the flaw of an unharmonised EU system, according to Jay Sanghrajka, partner at Price ...
Interdealer broker to pay $7 Million
December 22nd, 2020
The Commodity Futures Trading Commission announced the U.S. District Court for the Southern District of New York entered a consent order against defendants TFS-ICAP LLC and TFS-ICAP Ltd., interdealer brokers located in New York and London, requiring them to ...
Bitcoin hits all-time high rising above $20,000
December 17th, 2020
Bitcoin has hit a new all-time high breaking through $20,000 (£14,800). The volatile virtual currency has gained more than 170% this year amid stock market turmoil. On Wednesday Bitcoin jumped 4.5% to as much as $20,440 buoyed by demand ...
A digital euro
November 19th, 2020
The ECB, as guardian of the euro, provides currency in two forms: we issue banknotes and we transfer electronic deposits to banks and other financial institutions. Digitalisation has spread to every corner of our lives and transformed how we ...
