Search Results for: OCED
Wales levies first tax in 800 years
September 12th, 2016
Wales’ emergence as a separate jurisdiction takes a new step today with the introduction of legislation designed to create the first Welsh tax in 800 years. If approved, the land transaction tax, payable on the purchase or lease of ...
CySec announced the Continuance of Suspension and commencement of proceedings for the possible withdrawal of a CIF license
September 12th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that, following the announcement dated 25.05.2016, CySec clarifies that the suspension of the authorisation of the Cyprus Investment Firm ‘Atlas Capital Financial Services Ltd’ (‘the Company’), with number ...
Two investment firms charged with compliance failures
September 9th, 2016
The Securities and Exchange Commission announced that two investment advisory firms are settling charges related to compliance failures within their wrap fee programs. SEC investigations found that St. Petersburg, Fla.-based Raymond James & Associates and Milwaukee-based Robert W. Baird & ...
Hanjin Shipping bankruptcy causes turmoil in global sea freight
September 2nd, 2016
The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether hundreds of tonnes of goods being carried by the South Korean company will ...
CommSec pays $700,000 in infringement notice penalties and refunds $1.1 million in brokerage
September 2nd, 2016
Commonwealth Securities Limited (“CommSec”) has paid a total penalty of $700,000 to comply with two infringement notices given to it by the Markets Disciplinary Panel (“MDP”), and has voluntarily refunded $1.1 million in brokerage to more than 25,000 clients. Confirmations: disclosure ...
World leaders ousted for legal reasons
September 1st, 2016
Brazil’s Dilma Rousseff became the latest political leader ousted for legal reasons after the Senate voted for her impeachment Wednesday. Rousseff joins a gallery of former leaders forced to stand down either through formal impeachment proceedings or forced to ...
SWIFT Discloses More Cyber Thefts
August 31st, 2016
SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February’s high-profile $81 million heist at Bangladesh Bank. In a private letter ...
Facebook Plan For WhatsApp Data Poses Legal Risks
August 29th, 2016
When WhatsApp announced on Thursday that it would start sharing data with its corporate parent, Facebook, some of its fans howled that the popular messaging service was betraying long-held promises to protect their privacy. But for the companies, angry users ...
Cyprus, Lebanon, Egypt, and Israel are issuing a new series of natural gas exploration licenses
August 25th, 2016
The major natural gas reservoirs that have been discovered off the Mediterranean shores in recent years have made the region a focus of international interest. The past few months have been especially lively, with Lebanon, Egypt, Cyprus, and Israel ...
CySec imposed an Administrative Fine of €105.000 on a Cyprus Investment Firm
August 22nd, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors that the Commission decided to impose a total administrative fine of €105.000 to the CIF HF Markets (Europe) Ltd for non-compliance with the following legislation: ...
