Search Results for: compliance
ASIC charges Goldman Sachs Australia Pty Ltd with $35,000 penalty
September 1st, 2014
The Australian Securities and Investments Commisions (ASIC) has charged Goldman Sachs Australia Pty Ltd (Goldman Sachs) with a penalty of $35,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The penalty was ...
ASIC publishes first report on corporate finance regulation
August 29th, 2014
The Australian Securities and Investments Commission (ASIC), has today published the first of a series of regular reports it intends issuing on the regulation of corporate finance issues in Australia. The report, which covers the period January to June ...
SRA scam warnings
August 29th, 2014
Birketts has been exposed by the Solicitors Regulation Authority (SRA) as the subject of a scam after members of the public received emails purportedly from the UK Border Agency advising them to send money to the firm as well ...
FSA takes administrative action against Kookmin Bank
August 28th, 2014
The Financial Services Agency (FSA) has taken some administrative actions against Kookmin Bank, Japan Branches. Following its on-site inspection and the report prepared by the Japan Branches based on Article 24, paragraph 1, and Article 48 of the Banking ...
HKEx Consults On Financial Information Disclosure
August 26th, 2014
Hong Kong Exchanges and Clearing has published a consultation paper seeking the stockmarket’s view on proposed changes to the Listing Rules, relating to the disclosure of financial information, following the enactment of Hong Kong’s new Companies Ordinance. The consultation ...
BofA Tax Set-Aside and Wylys Penalty
August 25th, 2014
Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt — a step taken by the Justice Department to give homeowners relief that ...
ASIC publishes supervision report
August 21st, 2014
The Australian regulator in its effort to enforce regulation has published its eighth report on market supervision to inform firms on compliance procedures. ASIC has published its eighth report on the supervision and surveillance of Australian financial markets and ...
China fines 12 Japanese firms $201 million for price manipulation
August 20th, 2014
China’s anti-monopoly regulator said on Wednesday it has ordered 12 Japanese auto part and bearings makers to pay fines totaling 1.24 billion yuan ($201.80 million) for manipulating prices. Sumitomo Electric Industries Ltd, Denso Corp and Mitsubishi Electric Corp are ...
PWC fined $25m regarding Bank of Tokyo consult issues
August 19th, 2014
PWC has been fined $25m (£15m) and banned from some consulting work for two years by New York State’s financial regulator because of misconduct during work at Bank of Tokyo-Mitsubishi. The deal, agreed yesterday with New York’s Department of ...
Restriction of Liechtenstein route for tax disclosure
August 18th, 2014
The UK Government has acted to restrict the situations where taxpayers can use a government agreement with Liechtenstein to get a more generous settlement from HMRC. A joint decision between HMRC and the Government of Liechtenstein has resulted in ...
