Search Results for: legal
How blockchain technology could revolutionise global trade
January 21st, 2017
Blockchain technology could revolutionise trade – making it cheaper, quicker and simpler for businesses to trade internationally. From “letters of credit” to “bills of lading”, merchandise trade today is heavily reliant on paper documents. In our digital, connected world, ...
Shop owners in Conegliano Italy have been paying a local tax on shadow
January 20th, 2017
Shopkeepers in town in Veneto whose signs block light on public walkways are refusing to pay levy of €100 a year Goethe once wrote that where there is much light, there is also strong shadow. But for shop owners ...
Western Union agreed to pay $586m for Anti-Money Laundering Violations
January 20th, 2017
Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in Settlement with Justice Department and Federal Trade Commission Company also Agrees to Implement Anti-Fraud Program and Enhanced Compliance Obligations in Agreements with Federal Authorities The Western ...
CFTC Orders Citigroup Global Markets to Pay $25 Million
January 20th, 2017
CFTC Orders Citigroup Global Markets Inc. to Pay $25 Million for Spoofing in U.S. Treasury Futures Markets and for Related Supervision Failures Five Traders at Citigroup Global Markets Inc. Placed More Than 2,500 Orders with the Intent to Cancel ...
EAB and ESMA call to clarify Margin Requirements between CRR and EMIR
January 19th, 2017
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published today their joint report on the functioning of the Capital Requirements Regulation (EU) No 575/2013 (CRR) with the European Market Infrastructure Regulation (EU) No 648/2012 ...
Deutsche Bank Agrees to Pay $7.2 Billion
January 18th, 2017
Deutsche Bank Agrees to Pay $7.2 Billion for Misleading Investors in its Sale of Residential Mortgage-Backed Securities Deutsche Bank’s Conduct Contributed to the 2008 Financial Crisis The Justice Department, along with federal partners, announced today a $7.2 billion settlement ...
Montreal Exchange announced appointment of Vice President and Chief Regulatory Officer
January 17th, 2017
The Montréal Exchange (MX), Canada’s oldest exchange has issued a press release to announce the appointment of Julie Rochette as Vice President and Chief Regulatory Officer of the Regulatory Division of the Montréal Exchange, effective January 16th. Julie assumes ...
South Korea prosecutor seeks arrest of Samsung boss
January 16th, 2017
Prosecutors are seeking a warrant to arrest Samsung Group’s Jay Y. Lee for allegations including bribery and embezzlement, a stunning turn for the scion of South Korea’s richest family groomed for decades to take over the company from his ...
Fiat Chrysler accused of diesel emissions cheating
January 13th, 2017
EPA Notifies Fiat Chrysler of Clean Air Act Violations FCA allegedly installed and failed to disclose software that increases air pollution from vehicles The U.S. Environmental Protection Agency (EPA) today issued a notice of violation to Fiat Chrysler Automobiles ...
Former Bitcoin Exchange Operator Pleads Guilty to Bank Fraud
January 11th, 2017
Former Bitcoin exchange operator Anthony Murgio has been involved in a criminal investigation for quite some time now. Earlier this week, Murgio pleaded guilty to charges of conspiring to operate an illegal Bitcoin exchange. This cryptocurrency platform in question is ...
