Search Results for: law
Oden Capital Management ordered to Pay a $100,000 Penalty
February 10th, 2017
CFTC Orders John B. Oden and His Company, Oden Capital Management, LLC, to Pay a $100,000 Penalty for Failure to Register with the CFTC and Failure to Comply with Certain Pool Operator Requirements The U.S. Commodity Futures Trading Commission ...
Here Come The Robots – And They Are Going To Take Almost All Of Our Jobs
February 9th, 2017
What is going to happen to society when robots are able to do just about everything better, faster and cheaper than human workers can? We live at a time when technology is increasing at an exponential pace. Incredible advancements ...
Brexit uncertainty caused UK fintech investments slump
February 9th, 2017
Global venture capitalist investment in the financial technology (fintech) sector increased by about 11% to reach $17.4bn last year, but there was a 33.7% drop in the UK. The UK retained its place as recipient of the third-largest amount ...
Court in Cyprus has upheld a decision against Facebook
February 9th, 2017
A court in Paphos, Cyprus, the Paphos District Court has upheld a ground-breaking decision against Facebook in relation of a civil suit for defamation of character. This decision is very important on how the Facebook users are confronted. The ...
CySec has approved a new Administrative Services Provider
February 8th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that the Commission has approved a new firm as Administrative Services Provider (ASP). According the announcements, the below firm have been approved: Insero Ltd Akropoleos 93, ...
AML Seminar: Initial and “On-Going” Customer Due Diligence (CDD)
February 8th, 2017
eBOS Technologies and GP Global are organizing a seminar titled “INITIAL AND ‘ON-GOING’ CUSTOMER DUE DILIGENCE (CDD)”. The objective of the seminar is to assist participants familiarize themselves with the Customer Due Diligence definition, requirements and how to handle ...
ESMA assesses DLT’s potential and interactions with EU rules
February 8th, 2017
The European Securities and Markets Authority (ESMA) has issued a report on Distributed Ledger Technology (DLT). The report sets out ESMA’s view on DLT, its possible applications, benefits, risks and how it maps to existing EU regulation. ESMA’s position ...
FMA warns firms under Anti-Money Laundering and Countering Financing of Terrorism Act
February 8th, 2017
The Financial Markets Authority (FMA) has issued a formal warning to 12 reporting entities under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (the Act). Under section 59(2) of the Act, the FMA required reporting ...
CySec announced an administrative penalty to an AIFM
February 7th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a press release to inform investors that, at its meeting held on December 19, 2016, decided to impose a total administrative fine of €5.000 on the AIFM ‘Fortified Capital Ltd’ (the ...
VW sued by first German customer
February 7th, 2017
Deutsche See, an environmentally conscious fish distributor, became Volkswagen’s first major German customer to sue VW over misrepresenting their vehicles as being environmentally friendly. Deutsche See’s complaint alleged “malicious deception” and was filed at the ...
