Search Results for: OCED
EUR 230 million worth of fake food and beverages seized in global operation; case by country
April 27th, 2017
Operation OPSON VI, the joint Europol-INTERPOL operation targeting counterfeit and substandard food and drink, as well as the organised crime networks behind this illicit trade, has resulted in the seizure of 9 800 tonnes, over 26.4 million litres, and ...
AIB Bank fined millions euro for breach anti-money laundering compliance rules
April 27th, 2017
The Central Bank of Ireland (the ‘Central Bank’) fined Allied Irish Banks, p.l.c. (‘AIB’) €2,275,000 and reprimanded it for six breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act, 2010 (the ‘CJA 2010’). All six breaches have ...
Plus500 reached a settlement of EUR 550.000 with FSMA Belgium
April 25th, 2017
Plus500, an online trading platform for retail customers to trade CFDs, has issued a press release to announce that it has reached a settlement agreement with the Belgium Financial Services and Markets Authority (“FSMA”) for the amount of EUR 550.000. ...
Trump is said to seek cutting corporate tax rate to 15 percent
April 25th, 2017
President Trump has instructed his advisers to make cutting the corporate tax rate to 15 percent a centerpiece of his tax-cut blueprint to be unveiled this week, according to people with knowledge of his plans, even if that means ...
Grant Thornton UK fined £2.3m over audit failures
April 24th, 2017
Grant Thornton UK LLP (“GT”) and Robert Napper (a retired GT Partner) (together, the “Respondents”), have admitted Misconduct and agreed to fines and other sanctions. This follows the conclusion of the Financial Reporting Council’s (FRC) investigation relating to the ...
Eight new BNP Paribas ETCs from metals and energy sectors launched on Xetra
April 20th, 2017
ETCs provide access to Rogers International Commodity Enhanced Indices (RICI) commodity index family Eight new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. are tradable on Xetra and Börse Frankfurt since yesterday. The ETCs give investors ...
CySec released Consultation Paper about the Investor Compensation Fund
April 12th, 2017
The Cyprus Securities and Exchange Commission (CySec) has published today (12 April 2017) a Consultation Paper CP(2017-02) about replacement of the legal framework governing the operation of the Investor Compensation Fund. CySec is circulating this Consultation Paper in the ...
Switzerland launched a new tax reform proposal
April 12th, 2017
The steering body comprised of members from the Confederation and the cantons has completed a first round of hearings on tax proposal 17 with political parties, cities, communes, churches and the private sector. There is a broad consensus on ...
Luxleaks whistleblower to contest appeal sentence
April 12th, 2017
The man who revealed the Luxleaks scandal, Antoine Deltour, has said he will contest the sentence handed to him last month at the Court of Appeal in Luxembourg. “I don’t think this decision is characteristic of a fair decision ...
EBA finds supervisory authorities have implemented robust IT systems
April 12th, 2017
The European Banking Authority (EBA) published today a Report on the Peer Review carried out on its ITS on supervisory reporting aimed at assessing how supervisory authorities have ensured its consistent and comprehensive implementation. The Report summarises the outcomes ...
