Search Results for: OCED
FCA publishes thematic review into dark pools
July 22nd, 2016
Firms operating dark pools have made significant progress in addressing the promotion and the management of conflicts of interest according to a new report from the Financial Conduct Authority (FCA) published today. Dark pools are trading venues with no-pre ...
A paper trail links online traders to tax havens
July 21st, 2016
A paper trail that runs from Okinawa to Canada and from Israel to Italy and France links some unauthorized online traders on the blacklist of Japan’s financial regulator to offshore companies in tax havens, an analysis of files leaked ...
Why has Turkey locked up 3,000 judges?
July 20th, 2016
Alarm at arrest of 3,000 prosecutors and judges over past three days The Çaglayan Palace of Justice in Istanbul is normally deserted in the middle of July, when court officials take their holidays and only the most urgent cases ...
Central Bank of Cyprus fined Hellenic Bank for more than €1 million
July 18th, 2016
The Central Bank of Cyprus (CBC), within the remit of exercising its supervisory role, may take, under subsection (6) of section 59 of the Prevention and Suppression of Money Laundering Activities Laws of 2007 to 2016, all or any ...
EU Council adopts new rules on Corporate Tax avoidance
July 15th, 2016
On 12 July 2016, the Council adopted new rules addressing some of the practices most commonly used by large companies to reduce their tax liability. The directive is part of a January 2016 package of Commission proposals to strengthen rules ...
CySec commences its Web Portal for submission of digitally signed documents to the Commission
July 14th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a circular to inform regarding the commencement of its Web Portal. According to CySec’s release, through the Commission’s Web Portal, the Regulated Entities can submit digitally signed documents/forms/letters to the Commission. ...
Chinese regulator released that paid online searches will be treated as advertising and to be taxed
July 14th, 2016
The recent regulations issued by China’s State Administration for Industry and Commerce on online advertising are likely to dent Alibaba’s and Baidu’s earnings, analysts believe. Baidu Inc is set to announce its second quarter of fiscal year 2016 (2QFY16) ...
FCA has fined Towergate and former director for more £2m
July 13th, 2016
The Financial Conduct Authority (FCA) has today fined Towergate Underwriting Group Limited (Towergate) £2,632,000 for failings in relation to its protection of client and insurer money. Towergate, an insurance intermediary which holds both client and insurer money, accumulated a ...
CySec imposed an Administrative Fine of €138.000 on a Cyprus Investment Firm
July 11th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors that, at its meeting held on June 06, 2016, the Commission decided to impose a total administrative fine of €138.000 to the CIF B.O. Tradefinancials ...
Swiss bank UBS is to face legal action for encouraging tax fraud that could cost it billion euros
July 11th, 2016
Swiss bank UBS, along with several of its former executives, is to face legal action for encouraging tax fraud that could cost it five billion euros, if judges accept a public prosecutor’s recommendation, reports said Friday. The company sent ...
