Search Results for: CIF
CySec fines CommexFX Ltd
March 11th, 2016
The Cyprus Securities and Exchange Commission (‘CySEC’) has imposed an administrative fine of €50.000 on the Cypriot Investment Firm (CIF) CommexFX Ltd for violation of the section 139(2) of the Investment Services and Activities and Regulated Markets Law of 2007, ...
HSBC Going Solo in China Credit Cards Boosts Expansion Plan
March 10th, 2016
Bank has ended card venture with Bocom, Asia head says HSBC would be just one of three foreign card issuers in China HSBC Holdings Plc winning approval to start a credit-card business in China’s $1 trillion market offers Chief ...
Bitcoin Group withdraws from its IPO and ASX listing application
March 10th, 2016
Bitcoin Group Ltd has issued a press release to inform investors in relation to its IPO and ASX listing application. Below is the press release as it was published by the company: The Directors of Bitcoin Group Ltd would firstly ...
Two Cayman Island Financial Institutions Plead Guilty in Manhattan Federal Court to Conspiring to Hide More Than $130 Million in Cayman Bank Accounts
March 10th, 2016
Cayman Companies Admit to Helping U.S. Taxpayer-Clients Hide Assets in Offshore Accounts, and Agree to Produce Account Files of Non-Compliant U.S. Taxpayers First Conviction of Non-Swiss Financial Institution For Tax Evasion Conspiracy U.S. Attorney Preet Bharara for the Southern ...
ESAs publish final draft technical standards on margin requirements for non-centrally cleared derivatives
March 10th, 2016
The European Supervisory Authorities (EBA, EIOPA, ESMA – ESAs) published today the final draft Regulatory Technical Standards (RTS) outlining the framework of the European Market Infrastructure Regulation (EMIR). These RTS cover the risk mitigation techniques related to the exchange ...
CFTC: Banc de Binary Ltd and ET Binary Options Ltd are among Binary Options Firms ordered to pay $9 Million penalty
March 10th, 2016
Federal Court Orders Banc de Binary Ltd., ET Binary Options Ltd., BO Systems Ltd., BDB Services Ltd., and Oren Shabat Laurent to Pay More than $9 Million in Restitution and a Civil Monetary Penalty for Violating the CFTC’s Ban ...
Deutsche Bank and UBS lose bonus tax case
March 10th, 2016
The UK Supreme Court has ruled Deutsche Bank and UBS should pay taxes on bonuses paid to their investment bankers. The bonuses were paid to staff via offshore accounts in the form of shares to avoid attracting income tax ...
Commission launches a public consultation on the European Pillar of Social Rights
March 9th, 2016
The European Commission presents a first, preliminary outline of the European Pillar of Social Rights announced by President Juncker in September last year and launches a broad public consultation The European Commission presents a first, preliminary outline of the ...
KPMG Announces Agreement With IBM Watson To Help Deliver Cognitive-Powered Insights
March 9th, 2016
Deal accelerates adoption of new technologies across KPMG’s businesses, strengthening firm’s commitment to reinforcing confidence in the capital markets KPMG LLP and IBM (NYSE: IBM) today announced plans to apply IBM’s Watson cognitive computing technology to KPMG’s professional services offerings. The agreement, including ...
IMF urges action as risks to the world economy rise
March 9th, 2016
Collective action is needed to boost the global economy, with volatile financial markets and low commodity prices creating fresh concerns about its health, the first deputy managing director of the International Monetary Fund (IMF) said on Tuesday. In a ...
