Search Results for: Anti-Money Laundering (AML)
Estonian Supreme Court Rules Against Bitcoin Trader
April 13th, 2016
The Estonian Supreme Court has ruled in favor of restrictions on bitcoin trading activity in the wake of a lawsuit filed by a digital currency broker. The ruling, which came in the wake of a long-running lawsuit that began as a inquiry into ...
KPMG: Blockchain Could Be ‘Antidote’ to High Cost of Regulation
March 8th, 2016
As institutional interest in blockchain technology increases with bullish market predictions, professional services firms have been among a new wave of companies seeking to adapt existing products and services for the market. To date, Deloitte and PwC have been perhaps the most aggressive ...
Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran
February 8th, 2016
Jason Leibowitz is a former Wall Street professional who pivoted careers in 2014 to focus full-time on digital currency. In this paper, Leibowitz answers questions about how bitcoin was created, how it works and why it matters. It has been ...
FINRA Sanctions Cantor Fitzgerald & Co. $7.3 Million for Selling Billions of Unregistered Microcap Shares, and for Related Supervisory and AML Violations
December 22nd, 2015
Trader and Supervisor Suspended and Fined The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Cantor Fitzgerald & Co. $6 million and ordered disgorgement of nearly $1.3 million in commissions, plus interest, for selling billions of ...
FINRA USA Fines Aegis Capital Corp. $950,000
August 5th, 2015
Two Chief Compliance Officers Fined and Suspended Aegis CEO Fined and Suspended for Failure to Report Liens The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Aegis Capital Corp. $950,000 for improperly selling unregistered penny stocks ...
Nippon Wealth Limited Opts for Wolters Kluwer Financial Services
July 28th, 2015
Hong Kong-based Wealth Management Firm Signs Up to use OneSumX for Anti-Money Laundering and Regulatory Reporting Wolters Kluwer Financial Services has signed Nippon Wealth Limited, a Restricted License Bank (NWB) as a user of OneSumX. The restricted license bank, ...
PwC appoints Global Financial Crime Leader
June 2nd, 2015
PwC announced today that David Grace has been appointed as Global Financial Crime Leader for PricewaterhouseCoopers International Limited. David, a Senior Partner and member of PwC’s Global Financial Services Leadership and Executive Teams, will lead a global network of ...
Plus500 Ltd: Statement regarding recent speculation
May 19th, 2015
Plus500, a leading online service provider for retail customers to trade CFDs internationally, notes the recent fall in its share price and the market speculation that it has not paid its recent dividend. Plus500 can confirm that it paid ...
US authorities throw the book at Ripple Labs
May 6th, 2015
Ripple Labs has been fined $700,000 by the US Financial Crimes Enforcement Network (FinCEN) in the first successful civil enforcement action against a virtual currency exchange. According to the charge sheet brought by US authorities, Ripple Labs, and its ...
Five Reasons Bitcoin Revolution is Over
February 23rd, 2015
2015 will be the year Bitcoin “dies.” The bubble is over and the cryptocurrency, while revolutionary, has serious issues which will prevent it from ever becoming widely accepted. Andre Alessandro — The five problems listed here are both structural and external ...
