CySEC announced settlement of 200.000 euro with a Cyprus Investment Firm
March 27th, 2019
The Cyprus Securities and Exchange Commission (CySEC) has issued today an announcement to inform that reached a settlement with a Cyprus Investment Firm for possible violations of The Investment Services and Activities and Regulated Markets Law of 2017 – ...
U.S financial services firm pay penalty to settle failure
March 14th, 2019
The Securities and Exchange Commission (SEC) announced that Wedbush Securities Inc. will pay a $250,000 penalty and has agreed to be censured to settle its failure to supervise charge in a pending administrative proceeding. According to the SEC’s March ...
British pound pulls back from highs as investors await next Brexit vote
March 14th, 2019
The pound fell Thursday, a day after the U.K. currency surged on a vote by the country’s parliament to rule out a no-deal exit from the European Union. The pound GBPUSD last traded at $1.3253, a 0.6% drop on ...
Java Developer with Financial Applications Experience – Limassol
March 6th, 2019
Java Developer with Financial Applications Experience – Limassol Reference Number: JDFA1019 The position: We are looking for a Java Developer with experience in Financial Applications to join our team in Cyprus! The main responsibilities of the position include: Developing ...
Swiss bank UBS to appeal after fined 4.5 billion euros in French tax fraud case
February 21st, 2019
A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties. Shares in the Swiss bank fell as much ...
Why has the European Commission not investigated Lux Leaks tax deals?
February 18th, 2019
Almost five years ago, the International Consortium of Investigative Journalists published its Lux Leaks investigation, exposing how some of the world’s largest corporations cycled billions of dollars through Luxembourg so as to avoid paying huge amounts of tax — ...
Currencies threatened by a credit crisis
February 15th, 2019
In this article I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies. There is the coincidence of trade protectionism with the top of the credit cycle, ...
Euro held above a three-month low on Thursday; Australian dollar was up 0.6 percent
February 14th, 2019
The euro held above a three-month low on Thursday as improved Chinese trade data and hopes of progress in China-U.S. trade talks lifted risk sentiment, with the Australian dollar leading gains by more than half a percent. Even economic ...
FCA warns public of investment scams as over £197 million reported losses in 2018
February 7th, 2019
The Financial Conduct Authority (FCA) is warning investors to be vigilant to the threat posed by investment scammers, as data from Action Fraud reveals over £197 million1 of reported losses in 2018. Victims were scammed out of over £29,000 ...
Trade wars – a catalyst for economic crisis
February 1st, 2019
In my last article I used a proven accounting identity to show that the end result of President Trump’s trade tariffs would be to increase the trade deficit, assuming there is no change in the savings rate. The savings ...
