Search Results for: UBS
SFC regulator announced AML and fraud controls priorities
December 8th, 2016
The Securities and Futures Commission (SFC) today relaunched its Enforcement Reporter as a biannual publication which aims to provide the market with updates on the SFC’s key enforcement priorities (Note 1). The new issue published today focuses on corporate ...
Merrill Lynch to its brokers: make at least two client referrals to avoid a cut in pay
December 8th, 2016
Merrill Lynch will require its brokers to make at least two client referrals to other parts of parent Bank of America Corp. next year to avoid a cut in pay, a move that comes as Wall Street brokerages try ...
Youth and the Economic Future of Arab States
December 8th, 2016
Youth and the Economic Future of Arab States “Most recent statistics indicate that two-thirds of the Arab region’s population is below thirty years of age, half of which falling within the 15 – 29-year age bracket. This age category ...
Crude imports by China will probably slow by more than 60 percent in 2017
December 8th, 2016
China demand growth seen slowing as space for stockpiles fills Asia’s biggest buyer also seen reining in private refiners One of the biggest engines soaking up the world’s oil is starting to sputter. Growth in crude imports by China, the second ...
PCAOB Finds Problems with KPMG Audits
December 7th, 2016
The Public Company Accounting Oversight Board released a report Tuesday on its 2015 inspection of KPMG LLP, finding problems with 20 of the 49 companies whose audits by the firm were inspected. The PCAOB also reviewed the firm’s audit ...
Deloitte Brazil will pay an $8 million civil penalty
December 6th, 2016
The Public Company Accounting Oversight Board today announced that Brazil-based Deloitte Touche Tohmatsu Auditores Independentes will pay an $8 million civil penalty, the largest ever imposed by the PCAOB, to settle charges including issuing materially false audit reports and attempting ...
Spain To Hike Corporate Tax Burden
December 6th, 2016
The Spanish Government announced a revenue-raising Budget on December 2 that will increase the tax take from corporations. While the recently formed Government chose to leave the 25 percent corporate tax rate intact, Spain will restrict corporate tax deductions. ...
GMO CLICK reports November preliminary report
December 6th, 2016
GMO CLICK Holdings, Inc. has issued a press release to inform in relation to the monthly preliminary report of its subsidiaries for November 2016. GMO CLICK releases the below report: Figures described above are preliminary and are subject to ...
FINRA fined Credit Suisse Securities USA $16.5 million for AML and other violations
December 6th, 2016
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering (AML), supervision and other violations. FINRA found that Credit Suisse’s suspicious activity monitoring program was deficient in ...
The Asia-Pacific FinTech landscape is witnessing unprecedented growth
December 5th, 2016
The Asia-Pacific Financial Technology (Fintech) landscape is witnessing unprecedented growth with Fintech solutions and services expected to gross more than US$70 billion in revenue by 2020, with a CAGR of 72.5 percent. Singapore, Hong Kong, and Sydney are innovation ...
