Search Results for: law firms
FINRA Fines Wells Fargo Advisors and Wells Fargo Advisors Financial Network $1.5 Million for Anti-Money Laundering Failures
December 19th, 2014
Firms Failed to Subject Over 200,000 New Accounts to Identity Verification The Financial Industry Regulatory Authority (FINRA) today announced that it has ordered two St. Louis-based broker-dealers under common control, Wells Fargo Advisors (WFA) and Wells Fargo Advisors Financial ...
Disney and Skype ‘used Luxembourg tax deals’
December 12th, 2014
Companies including Disney and Skype have allegedly used Luxembourg tax deals, according to fresh leaks published by investigative journalists. The group of firms funnelled hundreds of millions of dollars in profits through Luxembourg subsidiaries, according to leaked documents. Disney ...
Joe Hockey announces profit-shifting tax audit of 10 multinationals
December 9th, 2014
Australia will consider passing stronger laws against tax avoidance, the treasurer says, as tax office ‘embeds’ staff within companies The Australian Tax Office is auditing 10 multinational corporations and the government will consider introducing new laws aimed at targeting ...
New strategic approach to ensure “sharper focus” to regulatory challenges ahead
December 9th, 2014
The FCA’s remit is far ranging and challenging with the recent additional responsibility for regulating consumer credit meaning the number of firms that now come under the FCA has trebled over the past eighteen months. The approach is shaped ...
Fall of the Bond King: How Gross Lost Empire as Pimco Cracked
December 4th, 2014
Bill Gross, the 70-year-old king of bonds, rushed through the offices of his $2 trillion empire on a Friday morning distributing hand-written notes. He knew his reign was over. The billionaire co-founder of Pacific Investment Management Co. and its ...
Germany to introduce legal quotas for women on company boards
November 26th, 2014
Chancellor Angela Merkel’s coalition parties agreed on Tuesday to a draft law that would force Germany’s leading listed companies to allocate 30 percent of the seats on non-executive boards to women from 2016 onward. Although Europe’s biggest economy has a female ...
Bolster your digital defences
November 25th, 2014
Cyber criminals have the financial services sector firmly in their sights, but there is much that organisations and employees can do to protect themselves from the threat Cyber crime is on the rise, and the financial services sector is ...
India Rebounding?
November 25th, 2014
India has a population of more than 1.2 billion, more than one-sixth of world population. A coupole of decades ago, economic growth started surging in India. For example, the share of the population that was essentially destitute, below the ...
Wall Street Used Commodities Storage, Tankers for Unfair Gain, Senate Panel Finds
November 20th, 2014
Wall Street’s biggest banks have used their ownership of metals warehouses, oil tankers and other commodities businesses to gain unfair trading advantages and dominate markets, according to a U.S. Senate investigation. In a report on Goldman Sachs Group Inc., ...
CySec announces the suspension of the authorisation of CIF ‘WGM Services Ltd’
November 20th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the authorisation of the Cyprus Investment Firm ‘WGM Services Ltd’, number 203/13, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets ...
