Search Results for: Russian banks
Lithuania is looking to attract FinTech companies
December 5th, 2016
Of all the cities lining up to poach London’s business post-Brexit, Vilnius might seem the most unlikely. Yet the Lithuanian capital has much to offer financial firms, from liveability and local talent to cutting-edge fintech regulation. Euromoney visits a ...
ATM cybergang linked to attacks across Europe
November 23rd, 2016
A cybergang has been hacking the computer systems of European and Asian banks and forcing ATMs to spew out cash, warns security outfit Group IB. The Cobalt gang has hit unnamed banks in at least 14 countries, including Russia, ...
NRGbinary is a case of how scammers can hide in gaps between regulators and defraud thousands of investors
October 6th, 2016
In early 2013, a young Israeli businessman registered a web domain in London for a company called NRGbinary.com. The online options trading website offered clients the opportunity to make large amounts of money from simple bets on the movement ...
European Parliament Begins Panama Papers Inquiry
September 29th, 2016
The European Parliament has begun its inquiry into the Panama Papers with a hearing with the investigative journalists behind the leak. The European Parliament’s Committee of Inquiry into Money Laundering, Tax Avoidance, and Tax Evasion (PANA) held its first ...
CFTC Orders JSC VTB Bank and VTB Capital PLC Jointly to Pay a $5 Million Civil Monetary Penalty
September 20th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against banking institutions JSC VTB Bank (VTB), headquartered in St. Petersburg, Russia, and VTB Capital PLC (VTB Capital) for executing fictitious and noncompetitive block trades in Russian ...
Central Bank of Russia decided to revoke the banking license of a credit institution
July 25th, 2016
The Central Bank of Russia has issuesd a press releases to inform regarding its decision to revoke the banking license of a Russian Bank. According to the press release, the decision is due to the non-compliance by the Moscow-based credit institution ...
TeleTradeBel, MTBank pass requirements for forex trading software, MTBank to apply for forex broker registration
July 4th, 2016
TeleTradeBel, the Belarusian arm of forex brokerage TeleTrade Group, and lender MTBank have become the first entities to pass the requirements of the Belarusian Currency Stock Exchange (BCSE) regarding financial software for forex trading on the over-the-counter (OTC) market, according to a ...
Moscow & Shanghai seek to dominate gold trade
April 21st, 2016
The Bank of Russia and the People’s Bank of China want to create a joint platform that would unite gold trading by the world’s two biggest gold buying countries. “BRICS countries are large economies with large reserves of gold ...
Bank of Russia informs regarding revocation of a banking licence
April 15th, 2016
Due to the non-compliance by the Rostov-on-Don-based credit institution Joint-Stock Commercial Bank Stella-Bank, joint-stock company, or JSC JSCB Stella-Bank with federal banking laws and Bank of Russia regulations, repeated violations within a year of the requirements of Bank of Russia regulations issued in accordance with the Federal Law ‘On ...
Asian shares at four-month highs
April 14th, 2016
Asian stocks rose to their highest levels in more than four months on Thursday and regional currencies weakened led by the Singapore dollar as hopes grew that more central banks will join the city state in easing monetary policy ...
