Search Results for: EC
Global law firm Linklaters announces the election of new Senior Partner
May 24th, 2016
Global law firm Linklaters announces the election of Charlie Jacobs as the firm’s new Senior Partner. Elected on a five-year term the appointment will be effective from 1 October 2016, once current Senior Partner Robert Elliott’s term ends. Charlie Jacobs joined ...
MAS directs Swiss Bank “BSI Bank” to shut down in Singapore
May 24th, 2016
The Monetary Authority of Singapore (MAS) announced today that it has served BSI Bank Limited (BSI Bank) notice of intention to withdraw its status as a merchant bank in Singapore for serious breaches of anti-money laundering requirements, poor management ...
Arrests And Prosecutions Reveal Big Vagaries In Bitcoin Selling Regulations
May 23rd, 2016
U.S. laws governing bitcoin trading are vague and sometimes lead to complicated law enforcement actions, according to an article in Fast Company magazine. Anti-money laundering laws require exchanges to verify customers’ identities, but what constitutes an exchange can sometimes be unclear. ...
Eurozone finance ministers are set to discuss easing Greece’s debt burden
May 23rd, 2016
Greek lawmakers on Sunday (22 May) adopted another batch of controversial spending cuts and tax hikes, two days before a crunch eurozone meeting expected to unlock the next tranche of much-needed bailout funds for the debt-ridden nation. The 7,000-page ...
Fiat Chrysler suspected of emissions fraud
May 23rd, 2016
German regulators suspect that Italian-American auto maker Fiat Chrysler, like Volkswagen, used illegal software to cheat on emissions tests, a newspaper report said yesterday. The German Federal Motor Vehicle Office (KBA) had sent a report voicing the suspicion to ...
Dubai expects 2.5m Saudi tourists in 2020
May 23rd, 2016
Dubai is a top choice for Saudi tourists and their number is expected to increase by almost 100 percent, that is 2.5 million, by 2020, an Emirati official has said, citing current economic forecasts. “The number of Saudi tourists ...
Lebanon declared that Tax data to be shared with foreign states in 2018
May 23rd, 2016
Automatic exchange of financial account information to be handled by specialized agency Lebanon has declared its commitment to the international standard of automatic exchange of financial account information, which aims to combat tax evasion and avoidance, according to a ...
ACCA-qualified accountant jailed for failure to declare £430k income
May 23rd, 2016
An ACCA member from Essex who failed to declare income and pay £107,000 of tax owed from accountancy work and property lettings and tried to hide the money in his children’s bank accounts has been jailed for four years, ...
Next Money Announces Global Fintech Radar Challenge
May 23rd, 2016
Next Money, formerly Next Bank, announced on Friday that it is launching its first Global Fintech Radar Challenge. This event calls for Open Source developers/platforms to create and produce an aggregation tool for fintech data, news, insights, social media interactions, startups and companies, industry trends ...
New York attorney receives 5 years’ imprisonment for Ponzi scheme
May 20th, 2016
‘I don’t want anyone here to think that lawyers are like this. It’s just me.’ A former Skaddens attorney was sentenced to five years in prison yesterday after operating a Ponzi scheme which defrauded around 30 of his friends ...
