Search Results for: law
ASIC cancels the AFS license of Financial Services firms
March 25th, 2017
ASIC has cancelled the Australian financial services (AFS) licences of Rebate Financial Services Pty Ltd and Capstone Capital Pty Ltd for failing to comply with a number of their key obligations as financial services licensees. In particular, ASIC has ...
FSMA Belgium reports unauthorised Forex and Binary Options providers
March 24th, 2017
The Financial Services and Markets Authority (FSMA), a financial regulator of Belgium, has issued an announcement to warn investors and public against the activities of various providers of/intermediaries in binary options and Forex products, “recovery rooms” and “boiler rooms”, ...
CFPB fines credit reporting agency for deceiving consumers
March 24th, 2017
CFPB Fines Experian $3 Million for Deceiving Consumers in Marketing Credit Scores Credit Reporting Company Misstated How Credit Scores It Sold Were Used The Consumer Financial Protection Bureau (CFPB) took action against Experian and its subsidiaries for deceiving consumers ...
Amazon Just Won a $1.5 Billion Tax Fight
March 24th, 2017
Amazon.com on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago. Judge Albert Lauber of the U.S. Tax Court rejected a variety of ...
PwC settle $3 billion suit by MF global
March 24th, 2017
The trial between bankrupt brokerage MF Global, run by former New Jersey Gov. Jon Corzine, and its former accounting firm, PwC, came to an unceremonious end on Thursday, with both parties saying they have reached a settlement. Terms of ...
The Russian “Laundromat” exposed; how the complex money laundering scheme worked
March 23rd, 2017
Three years after the “Laundromat” was exposed as a criminal financial vehicle to move vast sums of money out of Russia, journalists now know how the complex scheme worked – including who ended up with the $20.8 billion and ...
How powerful is your passport?
March 23rd, 2017
The Henley & Partners Visa Restrictions Index is a global ranking of countries according to the travel freedom that their citizens enjoy. For more than a decade, Henley & Partners has analyzed global visa regulations to present an index ...
US crowdsourced legal research platform closes $12m funding round
March 23rd, 2017
In one of the legal technology industry’s largest-ever funding rounds, US crowdsourced legal research platform Casetext has closed a $12m Series B funding round in order to expand the capabilities of its AI-backed automated research assistant CARA and build ...
E-commerce: EU-wide rules to protect consumers better and stop rogue traders
March 23rd, 2017
New powers for national authorities to check whether e-commerce websites geo-block consumers, track down rogue traders or even, subject to safeguards inserted by MEPs, order that websites hosting scams be shut down, were approved by the Internal Market and ...
ASIC accepts enforceable undertaking from Barclays entities
March 23rd, 2017
Yesterday, ASIC accepted an enforceable undertaking (EU) from three Barclays foreign financial service providers (FFSPs): Barclays Capital Inc. (BCI) domiciled in the United States of America Barclays Capital Asia Limited (BCAL) domiciled in Hong Kong, and Barclays Capital Securities Limited ...
