Search Results for: compliance
Insolvency profession says fee changes will see fewer rescues
March 31st, 2014
THE INSOLVENCY PROFESSION believes that government proposals to change fee structures in corporate collapses will lead to fewer business rescues. More than three quarters (77%) of practitioners said that enforcing the use of fixed-fees would lead to practitioners taking ...
China Mulling Implementing FATCA-Like Law To Reduce Tax Evasion On Mainland; Hong Kong Agreed To Share Tax Information Of US Expats Earlier This Week
March 31st, 2014
China is to looking to formulate a law similar to one in the U.S., which now requires financial institutions worldwide to disclose information on American taxpayers to the U.S. government, South China Morning Post, or SCMP, reported Friday. China ...
SEC Probes Threat From Cyber Attacks Against Wall Street
March 27th, 2014
The U.S. Securities and Exchange Commission is examining the exposure of stock exchanges, brokerages and other Wall Street firms to cyber-attacks that have been called a threat to financial stability. The SEC held a roundtable discussion of those risks ...
ASIC accepts enforceable undertaking from Franchelen Pty Ltd
March 26th, 2014
ASIC has accepted an enforceable undertaking (EU) from Franchelen Pty Ltd (Franchelen), after an investigation found they engaged in unlicensed credit activity. ASIC’s investigation looked at the financing offered by Franchelen to consumers who were purchasing units in a ...
Microsoft Acknowledges Looking Inside Blogger’s Hotmail Inbox And Reading IM To Track Source Of Leaked Company Information
March 21st, 2014
Microsoft (NASDAQ:MSFT) admitted Thursday that it had read the contents of a blogger’s Hotmail inbox in an effort to identify an employee who was suspected of leaking confidential company information. According to John Frank, deputy general counsel for Microsoft, ...
Budget 2014: Practitioners expect revenue-raisers
March 19th, 2014
TAX PRACTITIONERS expect plenty of revenue-raising activity in today’s Budget, as the chancellor looks to fund spending giveaways for businesses. Capital allowances for major infrastructure projects, announce more support for flood victims, a VAT zero-rating on supplies for exporters ...
ASIC: suspension of licence
March 18th, 2014
ASIC, the Australian Securities and Investment Commissions, has cancelled the Australian financial services (AFS) licence of AIE Fiduciary Services Pty Ltd (AIE) following an application by AIE. The application was made after ASIC raised a number of concerns about ...
BP Can Again Bid for U.S. Leases, Contracts After Spill
March 14th, 2014
BP Plc (BP/) won the right to again compete for U.S. contracts and for new leases in the Gulf of Mexico, where its massive 2010 oil spill prompted regulators to bar it from new government business. BP’s agreement with ...
Risks for investing in complex products
March 13th, 2014
The Cyprus Securities and Exchange Commission (‘the Commission’) wishes to inform the Cyprus Investment Firms (‘the CIFs’) about the following: 1. The European Securities Markets Authority (‘ESMA’) has issued a warning to investors in relation to risks of investing in complex ...
FINRA Issues New Investor Alert, Bitcoin: More than a Bit Risky
March 13th, 2014
The Financial Industry Regulatory Authority (FINRA) issued a new investor alert called Bitcoin: More than a Bit Risky to caution investors that buying and using digital currency such as Bitcoin carry risks. While speculative trading in bitcoins carries significant risk, there ...
