Search Results for: UK law
FXCM pays administrative penalty of $180,000 to Canadian regulator
October 27th, 2014
The Financial and Consumer Services Tribunal (Tribunal) approved a settlement agreement between Forex Capital Markets, the Financial and Consumer Services Commission (FCNB) and the Manitoba Securities Commission, which requires Forex Capital Markets to pay administrative penalties for non-compliance with ...
Serious Fraud Office to seek extra £26.5m funding
October 24th, 2014
Ongoing fraud investigations into Barclays, Rolls-Royce and Libor rigging have forced the Serious Fraud Office to ask the government for an extra £26.5m. The cost of paying compensation to Robert and Vincent Tchenguiz, who built their fortune through investments ...
The Digital Currency Dilemma: Anonymity vs. Privacy (Op-Ed)
October 22nd, 2014
First Global Credit’s CEO Gavin Smith comments on digital currency exchange Bitstamp’s policy change and the issue of anonymity in the digital currency markets. This week Bitcoin Exchange, Bitstamp, fulfilled a promised policy change of handing over to the ...
Russia’s Rosneft takes EU to court over sanctions
October 20th, 2014
Russian oil giant Rosneft and a close associate of President Vladimir Putin are fighting the EU in court over sanctions imposed on some of Russia’s biggest companies, an official website indicated Friday. A Russian billionaire, Arkady Rotenberg, who is ...
Tribunal analysis: Entrepreneurs’ relief dispute
October 17th, 2014
The key question, explored by the first tier tribunal in the case of Jeremy Rice v HMRC, is whether or not a significant change in a business can amount to a cessation of the existing trade and the start ...
Three more directors suspended as Tesco scandal inquiry continues
October 15th, 2014
Three more Tesco directors were suspended yesterday as part of the £250m accountancy scandal at the UK’s biggest supermarket. Dan Jago, director of beers and wines, William Linnane, director of impulse purchases, and Sean McCurley, director of convenience, were ...
Tesco to suspend more senior staff over £250m accounting scandal
October 14th, 2014
Tesco is expected to suspend more senior staff as part of its ongoing investigation into a £250m black hole, according to The Independent. Five executives have already been asked to stand aside while an investigation by Deloitte and law ...
Revenue & Customs set to miss target for prosecution of tax evaders
October 13th, 2014
Tax authority set a target of 1,165 people a year by 2014/15, but analysis of the last tax year shows it prosecuted just 795. HM Revenue and Customs has fallen behind in its pursuit of criminal prosecutions for tax ...
Obama Had Security Fears on JPMorgan Data Breach
October 9th, 2014
President Obama and his top national security advisers began receiving periodic briefings on the huge cyberattack at JPMorgan Chase and other financial institutions this summer, part of a new effort to keep security officials as updated on major cyberattacks ...
SFO in court for Alstom bribery case
October 9th, 2014
The Serious Fraud Office (SFO) has enlisted Three Raymond Buildings’ Simon Farrell QC and Rachel Scott for its court case against French train giant Alstom, which it accused of paying around $8m (£5m) in bribes to officials over a ...
