Search Results for: Fraud
A Dysfunctional EU: What Future?
February 12th, 2016
Many believe that the European Union is, and can only ever be, a force for good and that the 500-plus million citizens of its 28 Member States should be eternally grateful for all the myriad of benefits that they ...
International law firm accused for ‘deliberately misinterpreting’ data
February 10th, 2016
White & Case partner comes to the defence of City colleague and argues SFO has ‘lost its focus’ The Serious Fraud Office (SFO) has accused Pinsent Masons of ‘deliberately misinterpreting’ data on the number of cases it investigates and ...
EY announces its EY Synapse Analytics-as-a-Service platform to accelerate delivery of analytics-driven insights to businesses globally
February 10th, 2016
EY has announced its global Analytics-as-a-Service (AaaS) platform, EY Synapse, to accelerate the delivery of analytics-driven insights that businesses can use to compete and operate more effectively. The EY Synapse platform expands EY’s analytics managed services capabilities with a ...
Visa Puts Consumers in Charge of Security
February 9th, 2016
Visa Consumer Transaction Controls to Allow Consumers to Direct How, Where, and When Their Credit and Debit Accounts Can Be Used Visa Inc. (NYSE:V), a global leader in payments, is introducing a new service to help Visa issuers empower consumers ...
How Six Brokers Walked Free After Unraveling of U.K. Libor Case
February 9th, 2016
Witnesses fail to convince, jury acquits local defendants Loss in complex case seen a major setback for regulators The first signs of trouble for prosecutors came about three weeks into the trial. Their witness was a government investigator called ...
VW faces tougher Justice Department while GM and Toyota settled criminal charges without pleading guilty
February 8th, 2016
Government making `big deal’ of company’s emissions cheating GM, Toyota settled criminal charges without pleading guilty No one has died from the emissions-cheating software Volkswagen AG has admitted it installed in some of its cars, yet the U.S. Justice ...
Commonwealth report calls for clearer legislation for virtual currencies
February 5th, 2016
Virtual currencies offer countries a cost-effective, fast and accessible alternative to settling financial payments, but unclear laws and regulations are preventing their responsible development and encouraging their exploitation by criminals, says a new Commonwealth report. Virtual currencies, which allow ...
SEC fined brokerage firm for violated anti-money laundering rules
February 5th, 2016
The Securities and Exchange Commission announced that a Miami-based brokerage firm agreed to pay a $1 million penalty to settle charges that it violated anti-money laundering rules by allowing foreign entities to buy and sell securities without verifying the identities ...
CFTC Charges Financial services Firm
February 4th, 2016
CFTC Charges Florida-Based Oakmont Financial, Inc. and Joseph Charles DiCrisci with Engaging in Illegal, Off-Exchange Precious Metals Transactions The U.S. Commodity Futures Trading Commission (CFTC) filed a civil injunctive enforcement action in the U.S. District Court for the Southern ...
Online finance scam: 21 people involved arrested in China
February 1st, 2016
Chinese officials arrest 21 people over $7.6bn ‘scam’ Chinese authorities have arrested 21 people involved in an online finance scheme which is suspected of defrauding 900,000 investors of about 50bn yuan ($7.6bn; £5.3bn). The 21 people worked for Ezubao, ...
