Search Results for: law firms
CySec imposes administrative fine of €5.000
July 3rd, 2014
The Cyprus Securities and Exchange Commission informs the investors that, at its meeting held on 02.06.2014 , decided to impose the administrative fine of €5.000 in total against “Deloitte Investment Services Ltd” for breaching the Prevention and Suppression of ...
After BNP, U.S. targets on more banks
July 1st, 2014
BNP Paribas’ guilty plea and agreement to pay nearly $9 billion for violating U.S. sanctions is part of a larger U.S. Justice Department shift in strategy that is expected to snare more major banks and other firms across the ...
ESMA: Short guide for retail investors
July 1st, 2014
The European Securities and Markets Authority (ESMA) has published a short guide for retail investors explaining the impact of the changes to be made in investor protection under the MiFID II reform. It highlights some of the most important ...
Global M&A at seven-year high as big corporate deals return
June 30th, 2014
Investor support for large acquisitions and a desire to trump rivals in consolidating markets have led chief executives to strike big transactions so far in 2014, raising year-to-date global deal volumes to their highest level in seven years. Corporate ...
New tax reliefs complicate the system and offer more opportunities for tax avoidance’ MPs warn
June 27th, 2014
A committee of MPs has accused the Government of creating more opportunities for tax avoidance by introducing new tax reliefs which cost the country £100billion a year. The Government’s Office of Tax Simplification has introduced 134 new tax reliefs ...
Ghana’s First Hedge Fund Planned by Ex-Exchange Regulator
June 26th, 2014
Tikowrie Capital Ltd., a Ghanaian money manager started by a former regulator, plans to establish the West African country’s first hedge fund. “The appetite of investors in the country has grown over the years,” Tikowrie Executive Director Maxwell Gidi ...
ACCA welcomes new rules against money laundering and terrorist finacing
June 20th, 2014
The keywords in fighting money laundering and terrorist financing throughout Europe and worldwide are transparency and consistency between EU rules and the international approach, says global accountancy body In February 2013, the European Commission unveiled a package incorporating new ...
Deutsche Bank Japan, SEC Whistleblower, Italy: Compliance
June 18th, 2014
Deutsche Bank AG’s Japanese securities unit entertained officials from 45 funds that manage public pensions, according to a report obtained by Bloomberg News, signaling that the potentially illegal practice was more widespread than regulators disclosed. Deutsche Securities Inc. spent ...
CySec: Publication of new EU Directives and Regulation
June 17th, 2014
The Cyprus Securities and Exchange Commission (CySec) wishes to inform the Cyprus Investment Firms (‘the CIFs’) about the following: 1. On June 12, 2014, the following Directives/Regulations were published in the Official Journal of the European Union, which are ...
Europe Bankers Cringe at Rising U.S. Fines Amid BNP Probe
June 12th, 2014
HSBC Holdings Plc (HSBA) Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling lenders. Since HSBC ...
