Search Results for: compliance
Revenue & Customs ‘winding down’ inquiries into HSBC Swiss tax evaders
September 10th, 2015
After reopening investigation into HSBC clients hiding money in Switzerland, HMRC admits it has still only prosecuted one tax cheat HM Revenue and Customs (HMRC) is winding down its inquiries into hundreds of British customers who used HSBC’s Swiss ...
FXCM Receives NYSE Notification Letter
September 10th, 2015
FXCM Inc. (NYSE:FXCM) (“The Company”) a leading online provider of foreign exchange (FX) trading and related services, announced that it was notified on September 3, 2015 by the New York Stock Exchange (“NYSE “) that it is not in compliance with the continued listing standards ...
Former Citi trader tells court information-sharing was common practice: Update
September 9th, 2015
A former Citigroup foreign exchange trader claiming unfair dismissal after a currency rigging scandal told a London court on Tuesday that the activities for which he was fired were common practice at the U.S. bank at that time. Perry ...
CFTC Orders FXCM to Pay More Than $843,000
September 9th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) has issued a press release to inform on its decision to order Forex Capital Markets, LLC to pay more than $843,000 for Supervision and Record-Production Violations and for Violating a Previous Commission Order. ...
Commission presses Member States on VAT revenue collection
September 9th, 2015
VAT revenue collection has failed to show significant improvement across EU Member States according to the latest figures released by the European Commission. Based on VAT collection figures from 2013, the overall difference between the expected VAT revenue and the amount ...
KPMG gets Hands-on with systems integration
September 8th, 2015
KPMG Australia has announced its acquisition of Hands-on Systems, adding powerful execution capability to its technology-based transformation services. The acquisition strengthens KPMG’s global alliance with Microsoft, with KPMG today also being announced as a Gold competency partner for Microsoft ...
UBS Building Virtual Coin For Mainstream Banking
September 7th, 2015
Swiss bank UBS is working on a prototype virtual currency that it hopes will be used by banks and financial institutions as a basis to settle mainstream financial markets transactions. But unlike the bitcoin digital currency, the Swiss bank’s ...
UK fintech firm Alpha Insight rolls out into global banking sector
September 3rd, 2015
Company aims to simplify “spaghetti” of IT systems in the financial services industry Alpha Insight, a UK fintech company with a three-year track-record of exceptional delivery, is looking to shake up the global financial sector through its real-time process ...
Additional licence conditions imposed on Advamode
September 3rd, 2015
ASIC has imposed additional conditions on the Australian Financial Services (AFS) licence of Advamode Financial Pty Ltd (Advamode). The conditions were imposed on the Queensland-based financial services firm after an ASIC surveillance identified concerns regarding their ability to effectively ...
First Regulated Yen-Swap Trade Executed on Tradeweb ETP
September 2nd, 2015
Tradeweb Granted ETP Licence by Japan’s Financial Services Agency Tradeweb Markets, the leading global marketplace for electronic fixed income, derivatives and ETF trading, announced that its new regulated marketplace for trading interest rate swaps in Japan today saw its ...
