Search Results for: US authorities
Russia to Treat Bitcoin as Foreign Currency
July 21st, 2016
Depending on how soon all involved parties can come to an agreement, the law proposal will be submitted to the Duma by the end of 2016. The status of Bitcoin in Russia has been up in the air for ...
France Opens Register Of Trusts
July 11th, 2016
On July 5, French Minister of Finance Michel Sapin and Budget Secretary Christian Eckert announced the launch of France’s public registry of trusts, a measure intended to increase transparency and curb tax avoidance. France’s register of trusts provides access ...
International Telecom Group offices raided over money laundering and tax fraud suspicion
June 22nd, 2016
Nineteen people have been arrested and nine of them charged with money laundering after BuzzFeed News revealed Lycamobile’s “deeply suspicious” cash movements. The Conservative party’s biggest donor, the telecoms giant Lycamobile, has been raided by French police on suspicion ...
KYC/Risk Assessment & FATCA/CRS solutions for Cyprus Companies
June 22nd, 2016
The responsibilities of Compliance Departments within organizations have significantly increased over the last few years and a software solution that accommodates the latest Cyprus and International developments, as well as constant changes in the AML legislation is a must. ...
EU, US sign shared law enforcement data deal
June 7th, 2016
The EU signed an ‘umbrella’ deal on protection of shared data with the United States Thursday, putting in place a comprehensive data protection framework for criminal law enforcement cooperation. The agreement improves, in particular, EU citizens’ rights by providing ...
Europe vs. Facebook: Austrian activist wins another legal battle over data protection
May 27th, 2016
An Austrian privacy activist has won his next legal battle against so-called “model contract clauses,” used by thousands of multinational companies, including Facebook and Amazon, to legally transfer Europeans’ personal data to the US. Max Schrems, the 28-year-old data ...
Ethereum, explained: why Bitcoin’s stranger cousin is now worth $1 billion
May 25th, 2016
Bitcoin has struggled to live up to the hype that surrounded its emergence into the mainstream three years ago. Despite more than a billion dollars of venture capital funding, Bitcoin startups have failed to develop applications that appeal to mainstream customers. ...
Fiat Chrysler suspected of emissions fraud
May 23rd, 2016
German regulators suspect that Italian-American auto maker Fiat Chrysler, like Volkswagen, used illegal software to cheat on emissions tests, a newspaper report said yesterday. The German Federal Motor Vehicle Office (KBA) had sent a report voicing the suspicion to ...
About 27% of banks left Russian market in two crisis years — Sberbank expert
May 19th, 2016
According to the analyst the number of banks reduced from 922 (as of early 2014) to 697 as of May 2016 About 27% of banks left the Russian market in two crisis years, most of them are medium banks ...
Russian Ministries Question Bitcoin Criminal Liabilities
May 10th, 2016
The Ministry of Justice and the Interior Ministry in Russia have – according to reports – questioned the “public danger” that Bitcoin supposedly brings, as proposed by the Russian Ministry of Finance. Unsubstantiated reports from Russian news outlets quoting ...
