Search Results for: law
London ‘flash crash’ trader faces up to 30 years in US jail after admitting to spoofing
November 10th, 2016
Navinder Singh Sarao, who operated from parents’ UK home, also agreed to pay US government $12.8m. A trader who operated from his parents’ home in London faces up to 30 years in jail in the US, after pleading guilty ...
CySec approved a new Administrative Services Provider
November 9th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that a firm has been approved as Administrative Services Provider (ASP). According the announcement, the below firm has been approved: BlauStein Corporate Services Ltd Stasinou 1, Mitsi Building ...
Malta To Push EU VAT Reform As EU President
November 9th, 2016
Malta will take forward the EU’s proposals on VAT reform when it assumes the Presidency of the Council of the EU in January 2017, the territory’s Minister of Finance, Edward Scicluna, told a recent conference. Under the EU’s VAT ...
The Government of Jersey tightens Beneficial Ownership
November 8th, 2016
The Government of Jersey has released a policy document detailing an enhanced policy on Beneficial Ownership and a Register of Directors. Further to a public consultation earlier in 2016, the policy document details the further development of a domestic policy ...
Why McDonald’s Is Suing the City of Florence for $20 Million
November 8th, 2016
McDonald’s is suing the Italian city of Florence for $20 million in damages after the fast-food giant was refused a licensing application in the shadow of the city’s famous cathedral, Il Duomo. Licensing was introduced this year to protect ...
Chicago Board Options Exchange promoted Laura Zinanni to the position of Vice President
November 8th, 2016
The Chicago Board Options Exchange® (CBOE®) announced it has promoted Laura Zinanni to the position of Vice President, Office of the CEO. In her new role, Zinanni will serve as a primary advisor to CEO Edward T. Tilly, providing ...
Deutsche Bank Roundup: Where We Are Now
November 7th, 2016
Shares of Deutsche Bank hit record lows last week, as the German lender struggled to come to terms with US regulators over its involvement in the subprime mortgage crisis. Despite receiving a large boost in the final session of ...
The Banking arm of Tesco halts transactions after customers’ money stolen
November 7th, 2016
Tesco Bank became victim to an online hack with customers complaining they had money stolen from their accounts, its chief executive said. Benny Higgins said some current accounts had money withdrawn from them fraudulently after “online criminal activity” over ...
CySec issued update notice regarding the Investor Compensation Fund for Falcon Brokers covered clients
November 7th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform further regarding the Investor Compensation Fund for IF Clients for the the covered clients of Falcon Brokers Ltd. The CIF license of Falcon Brokers Ltd, number ...
Deloitte executive arrested in South Korea on charges for a multibillion dollar accounting fraud
November 7th, 2016
A former Deloitte Anjin executive was detained Wednesday on charges of deliberately ignoring a multibillion dollar accounting fraud involving embattled shipyard Daewoo Shipbuilding & Marine Engineering (DSME). The Seoul Central District Court issued an arrest warrant for the former ...
