Search Results for: IoT
Forex, binary options and online financial scams; AMF joined forces with other bodies to eredicate the problem
April 4th, 2016
The Autorite Des Marches Financiers (AMF) has issued a press release to inform that the AMF, the Paris public prosecutor, consumer affairs watchdog DGCCRF, and prudential authority ACPR joined forces to eradicate the problem with Forex, binary options and ...
Revealed: the $2bn offshore trail that leads to Vladimir Putin
April 4th, 2016
A network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president, Vladimir Putin. An unprecedented leak of documents shows how this money has made members of Putin’s close circle fabulously wealthy. Though the ...
PwC Report: Blockchain a ‘Once in a Generation’ Opportunity for Financial Services
March 30th, 2016
Blockchain marks the next “jump” in business process/optimization technology, according to a newly-released PriceWaterhouseCoopers (PwC) report on fintech. The report, “Blurred lines: How FinTech is shaping Financial Services,” compares blockchain to Enterprise Resource Planning (ERP) software that allowed entities and functions within a ...
IBM blockchain leader Jerry Cuomo using ‘shadowchains’ to launch moonshots
March 28th, 2016
IBM has been building momentum behind blockchain by championing the Linux Foundation’s Hyperleder Project and creating its own Open Blockchain (OBC) among other things. IBM’s vice president of blockchain Jerry Cuomo, who recently gave testimony before US Congress about ...
US Treasury rules FBME ‘still a money laundering concern’
March 28th, 2016
The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a final ruling imposing prohibition on the opening or maintaining of correspondent accounts for, or on behalf of, FBME Bank Ltd, the Central Bank of Cyprus (CBC) announced on ...
CySec informs that a firm obtained the Cyprus Investment Firm (CIF) license
March 24th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that “Woodbrook Wealth Management Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now ...
EU referendum: Moody’s predicts ‘small’ UK economic hit from EU exit
March 22nd, 2016
The UK economy would be hit by leaving the EU, but the impact would be “small” and unlikely to lead to big job losses, according to credit agency Moody’s. The UK could also be allowed to keep many of ...
Gas in Mediterranean: Beware from false expectations
March 17th, 2016
The Eastern Mediterranean contains a cluster of proven gas fields that are capable of contributing significantly to both national and regional energy security. But there is a very real danger that the peoples of all three countries that have ...
Fitch reports about Cyprus’s decision to exit its three-year EU-IMF programme
March 17th, 2016
Fitch: Cash Buffer, Debt Management Support Cyprus Programme Exit Cyprus’s decision to exit its three-year EU-IMF programme ahead of schedule without a precautionary post-programme credit line reflects the sovereign’s comfortable cash position and strong debt management, which limit refinancing ...
CySec imposed Administrative Fine on BDSwiss Holding Ltd
March 16th, 2016
Further to the announcement issued today regarding the imposition of Administrative Fine on CIF SpotOption Exchange Ltd, the Cyprus Securities and Exchange Commission (CySec) has today issued a second announcement to inform investors that the Commission has imposed an administrative ...
