Search Results for: compliance
Deutsche Bank fined $425 million; the Bank allowed traders to engage in a Money-Laundering scheme
January 31st, 2017
The New York State Department of Financial Services (DFS) has issued an announcement to inform for a $425 Million fine imposed to Deutsche Bank. The Bank Allowed Traders to Engage in a Money-Laundering Scheme Using “Mirror Trades” That Improperly ...
Lawyers are being replaced by machines that read
January 27th, 2017
Lawyers are the professionals everyone loves to loathe. Jokes about attorneys abound, and Shakespeare’s line from Henry VI remains a cultural favorite: ”The first thing we do, let’s kill all the lawyers.” Soon, that dream may come true, and ...
Greece, US Sign FATCA agreement
January 27th, 2017
Finance Minister Euclid Tsakalotos and U.S. Ambassador to Greece Geoffrey Pyatt signed on Thursday a bilateral agreement to improve international tax compliance and the implementation of the law on Foreign Account Tax Compliance Act (FATCA), as well as the ...
MoneyGram Agrees to Merge with Ant Financial
January 27th, 2017
MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer services, and Ant Financial Services Group, one of the world’s leading digital financial services providers and parent company of Alipay, a global mobile payment platform, today announced that they ...
E*TRADE ordered to pay a $280,000 penalty
January 27th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against E*TRADE Securities LLC (E*TRADE Securities), an Introducing Broker, and E*TRADE Clearing LLC (E*TRADE Clearing), a Futures Commission Merchant, for non-compliance with applicable record-keeping ...
Oil prices dip as rising U.S. output offsets OPEC-led cuts
January 27th, 2017
Oil prices dipped on Friday as rising crude output from the United States was offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. Brent crude futures LCOc1, the international benchmark for oil prices, ...
Interactive Brokers Japan fined JPY 20 million
January 26th, 2017
Japan Exchange Regulation (hereinafter “JPX-R”) has inspected Interactive Brokers Securities Japan,Inc. (hereinafter “the Company”) and deemed that there was insufficient trading management to prevent acceptance of orders, etc., which could potentially result in the creation of manipulative quotations. Tokyo ...
Judge denies $80 million penalty in Wal-Mart truck drivers lawsuit: AP
January 26th, 2017
A federal judge refused to order Wal-Mart Stores Inc (WMT.N) to pay $80 million in penalties in a lawsuit alleging the retailer failed to pay hundreds of truck drivers in California the minimum compensation for certain tasks, the Associated ...
CySec announced a €150.000 Settlement with a Cyprus Investment Firm
January 23rd, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to note the following: CySec, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, has the power to reach a settlement for any violation ...
Trump faces lawsuit for violating Constitution two days after taking oath
January 23rd, 2017
An all-star team of lawyers, including two leading experts on presidential ethics and two of the most prominent constitutional scholars in the nation, will file a lawsuit on Monday challenging President Trump’s ongoing violation of an anti-corruption provision in ...
