Search Results for: UK law
Regulators fine global banks $3.4 billion in forex probe
November 12th, 2014
Global regulators imposed penalties totaling $3.4 billion on five major banks, including UBS (UBSN.VX), HSBC (HSBA.L) and Citigroup (C.N) on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Scotland (RBS.L) and JP ...
HMRC recovers record £3.65bn in unpaid taxes
November 10th, 2014
A record amount of unpaid tax has been recovered from avoidance schemes, evasion and fraud by HMRC’s top team of specialist investigators – up by almost a quarter in the past year, says Pinsent Masons, the international law firm. ...
HMRC: 10 tax avoidance danger signs
November 10th, 2014
HM Revenue and Customs (HMRC) has alerted people to the tricks employed by tax avoidance scheme promoters. The note sets out the risks people face when they sign up to tax avoidance schemes with these including not only the ...
Putin Ally Denies Knowledge of U.S. Money Laundering Investigation
November 7th, 2014
A commodities firm under investigation by federal prosectors on suspicion of money laundering and improper oil trading said on Thursday that it had no knowledge of the inquiry and called allegations of wrongdoing “baseless and false.” The investigation, first reported by The ...
In Japan, Moves to Stimulate Economy Reach a Critical Stage
November 6th, 2014
In Japan – Hiroyuki Hara has increased prices at his flower shop in recent months, part of a broad reversal of the deflation that has long plagued Japan’s economy. Japan’s audacious campaign to reinvigorate its economy is entering a ...
HMRC ‘steps up’ scrutiny of largest businesses
November 6th, 2014
The tax returns of two thirds of the 800 largest businesses operating in the UK are under “enquiry”, HMRC announced after yesterday’s stakeholder conference. Jennie Grainger, director general of enforcement and compliance, told the conference that this did not ...
Russian Billionaire Tied to Putin Is Focus of Inquiry
November 6th, 2014
A billionaire Russian businessman known to have ties to President Vladimir V. Putin of Russia and a company the businessman controlled have been the focus of a federal investigation into money laundering and oil trading, according to documents and ...
P&G Suit, Apple, U.K. Museums, GE: Intellectual Property
November 4th, 2014
Procter & Gamble Co. (PG) has settled a patent-infringement case with makers and distributors of tooth-whitening strips, according to an Oct. 31 filing in federal court in Cincinnati. In the filing, the parties agreed that tooth-whitening strips made by ...
Accountant fined for not keeping up with CPD
October 29th, 2014
A chartered accountant has been reprimanded and fined for not keeping up with requirements for continuous professional development (CPD). David Foister, of Kettering, Northamptonshire, has been fined £1,000 and ordered to pay costs of £1,500 for not submitting annual ...
Trio of Russian state-owned banks take EU to court over sanctions
October 29th, 2014
Three Russian major state-owned institutions – Sberbank, VTB and Vnesheconombank – have announced that they have filed lawsuits with an EU court to contest sanctions the European Union imposed on them in late July. The first to announce its ...
