Search Results for: compliance
Modernising VAT for cross-border e-commerce: Commission launches public consultation
September 29th, 2015
The European Commission has launched a public consultation to help identify ways to simplify the Value-Added Tax (VAT) payments on cross-border e-commerce transactions in the EU. The Commission is seeking to receive a wide range of views from business owners and ...
Federal Court Orders Futures International LLC and its Chief Operating Officer, to Pay $500,000 Penalty
September 28th, 2015
Federal Court in Illinois Orders Futures International LLC and its Chief Operating Officer, Amedeo Cerrone, to Pay $500,000 Penalty for Recordkeeping Violations, False Statements, Unauthorized Trading, and Supervision Failures The U.S. Commodity Futures Trading Commission (CFTC) today announced that ...
UNAVISTA AND DTCC partner to provide MIFIR reporting Services
September 28th, 2015
Connects largest global derivatives reporting service, DTCC Global Trade Repository (GTR), with largest European MiFID Approved Reporting Mechanism Fully complies with MiFIR reporting requirements scheduled to go live in early 2017 GTR to establish direct connection to UnaVista’s MiFIR ...
Caribbean Association of Banks endorses SWIFT’s KYC Registry
September 28th, 2015
SWIFT’s KYC Registry gains momentum amongst Caribbean banks. SWIFT today announces that the Caribbean Association of Banks (CAB), with regional membership of 45 financial institutions across 16 countries, endorses The Know Your Customer (KYC) Registry, a centralized repository that ...
CySec announces the suspension of the authorisation of CIF ‘Falcon Brokers Ltd’
September 24th, 2015
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that: The authorisation of the Cyprus Investment Firm ‘Falcon Brokers Ltd’, number 128/10, is suspended, pursuant to section 26(2) of the Investment Services and Activities ...
First Bitlicense approval for a Bitcoin Startup
September 23rd, 2015
NYDFS BitLicense is First Comprehensive Regulatory Framework for Firms Dealing in Virtual Currency Such as Bitcoin BitLicense Includes Key Consumer Protection, Anti-money Laundering, Cyber Security Rules to Help Safeguard Customer Funds and Root Out Illicit Activity Anthony J. Albanese, ...
FCA makes final appointment to ExCo with Georgina Philippou as Chief Operating Officer
September 23rd, 2015
The Financial Conduct Authority’s Acting Chief Executive Tracey McDermott today announced the final appointment to the FCA’s Executive Committee with Georgina Philippou becoming the new Chief Operating Officer. Georgina Philippou has been acting Director for Enforcement and Market Oversight ...
ICAP invests further in Duco
September 21st, 2015
Series B funding to accelerate growth. Strategic investment made through Euclid Opportunities, ICAP’s early stage fintech funding business ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, has further invested in ...
Financial institutions believe common reporting standard will be more taxing than FATCA – KPMG
September 21st, 2015
With a Jan. 1, 2016 effective date looming for 50 “early adopter” jurisdictions set to enact a new international Common Reporting Standard (CRS) for reporting financial account information, 61 percent of respondents to a KPMG survey of executives at ...
CySec informs that a firm providing Administrative Services waived its authorisation
September 18th, 2015
The Cyprus Securities and Exchange Commission (CySec) has issued an announced to inform that: On 27th July 2015, the Company Providing Administrative Services STM (Cyprus) Ltd (the ‘Company’), waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative ...
