Search Results for: OCED
Self protection against money laundering
February 16th, 2015
There is much that both financial and non-financial businesses can do to take the initiative and implement their own money laundering prevention measures. The framework for such prevention measure for protection against money laundering is: Know your administration Know ...
Markets mixed in anticipation of Greek debt deal
February 13th, 2015
US stocks opened lower on Wednesday and ended a volatile trading session essentially flat as investors adopted a cautious stance in anticipation of Greek debt negotiations outcome. The broad stock market index S&P 500 closed flat at 2,068.53, while ...
HSBC files: Swiss bank hid money for suspected criminals
February 13th, 2015
HSBC’s Swiss bank concealed large sums of money for people facing allegations of serious wrongdoing, including drug-running, corruption and money laundering, leaked files reveal. Despite being legally obliged since 1998 to make special checks on high-risk customers, the bank ...
UBS’s fourth-quarter 2014 results-Fourth-quarter net profit CHF 1 billion; ordinary dividend doubled
February 10th, 2015
2014 net profit attributable to shareholders up 13% to CHF 3.6 billion; diluted EPS CHF 0.94 Ordinary dividend of CHF 0.50 per share proposed for the financial year 2014 Accrued one-time supplementary dividend of CHF 0.25 per share Fully ...
Dangers involved in Money Laundering
February 9th, 2015
Money laundering statures have a very broad ambit and the duty is firmly on banks and financial institutions to “Know their clients” and to avoid transactions that may assist clients in disguising and concealing the sources of their money. ...
UK SMEs lack processes required to eradicate late payments, reveals Neopost survey
February 5th, 2015
New research from Neopost UK has found that – even though invoices make up nearly a third (31%) of all SMEs outgoing communications – the majority of the UK’s smaller firms are struggling to manage their invoicing processes in ...
UK watchdog hands KPMG fines totalling £390,000
February 4th, 2015
The UK accountancy watchdog said on Tuesday it had fined KPMG a total of £390,000 for putting commercial considerations above ethical standards for auditors in two separate cases of misconduct that stretch back to 2010 and 2011. In the ...
ACCA awarded ISO 22301
February 4th, 2015
The international standard for Business Continuity – ISO 22301 – has been awarded to ACCA (the Association of Chartered Certified Accountants). ACCA was recently audited by the British Standards Institute, on three separate occasions over a total period of ...
SEC Alerts Investors, Industry on Cybersecurity
February 4th, 2015
The Securities and Exchange Commission today released publications that address cybersecurity at brokerage and advisory firms and provide suggestions to investors on ways to protect their online investment accounts. “Cybersecurity threats know no boundaries. That’s why assessing the readiness ...
Dukascopy: Changes in the swap-free conditions
February 3rd, 2015
Dukascopy Bank‘s Overnight Policy is aimed at providing highly competitive rollover conditions to its clients in order to underline the Bank’s leadership in the FX industry. Dukascopy Bank applies different rollover rates to ensure that higDukascopy Bank’s Overnight Policy ...
