Search Results for: compliance
MAS directs Swiss Bank “BSI Bank” to shut down in Singapore
May 24th, 2016
The Monetary Authority of Singapore (MAS) announced today that it has served BSI Bank Limited (BSI Bank) notice of intention to withdraw its status as a merchant bank in Singapore for serious breaches of anti-money laundering requirements, poor management ...
European Shares Slide as Bayer Leads Chemicals Drop, Oil Falls
May 24th, 2016
Fiat drags carmakers lower on German report of cheating Greece’s ASE jumps most in western Europe on aid expectation European shares retreated as chemical companies and oil producers tumbled, while investors speculated on the potential timing of a Federal ...
Lebanon declared that Tax data to be shared with foreign states in 2018
May 23rd, 2016
Automatic exchange of financial account information to be handled by specialized agency Lebanon has declared its commitment to the international standard of automatic exchange of financial account information, which aims to combat tax evasion and avoidance, according to a ...
Forex Brokers in Philipines try to stop Metrobank from closing their accounts
May 23rd, 2016
AMID a clampdown by banks on ties with money changers and remittance firms, a group representing local foreign exchange dealers is pushing back and challenging what it describes as a unilateral action of local banks to end its business ...
Deutsche Bank May Punish Employees for Personal Trade With Firm
May 20th, 2016
Bank: ‘transaction may have involved unacceptable conflicts’ Auditors estimate employees gained about $37 million, WSJ says Deutsche Bank AG halted bonus payments to a group of employees while examining whether they improperly traded with the firm. “We are reviewing ...
FMA ordered foreign exchange educator to change its marketing materials
May 20th, 2016
The Financial Markets Authority (FMA) has ordered a foreign exchange educator to change its marketing materials on the basis that they were misleading or deceptive, and it had made unsubstantiated statements about its services. Cambrian Corporation Limited (Cambrian) offers ...
Global Law firm to move 170 operational roles to global service centre in the Philippines
May 19th, 2016
Global firm Norton Rose Fulbright is relocating 170 operation roles to a global service centre in the Philippines — including a number from the UK, the Gazette understands. It is the latest international firm to announce a relocation of ...
SafeCharge announces strong trading in the first quarter of 2016
May 18th, 2016
At today’s Annual General Meeting of SafeCharge (AIM: SCH), the global provider of payments services, technologies and risk management solutions for online and mobile businesses, Roger Withers, Chairman, will make the following statement. “SafeCharge enjoyed strong trading in the ...
ECommPay: Regulations of FOREX industry
May 18th, 2016
Forex (FX) regulation is crucial to both security and mutual trust between traders and operators. Companies operating from jurisdictions lacking in regulatory supervision are able to do so in an unfair and illegal manner without facing serious repercussions. Moreover, ...
First Derivatives announced preliminary results
May 17th, 2016
FD (AIM:FDP.L, ESM:FDP.I), a leading provider of software and consulting services, announces its results for the year ended 29 February 2016. Financial Highlights Revenue £117.0m (2015: £83.2m) +41% Adjusted EBITDA* £23.3m (2015: £15.5m) +51% Profit before tax £10.4m (2015: ...
