Search Results for: law
CySec announced an administrative fine to a Firm providing Administrative Services
September 24th, 2015
The Board of the Cyprus Securities Exchange Commission (‘CySEC’) would like to inform the public that, at the meeting held on August 3rd, 2015, decided to impose an administrative fine of €10.000 to Fellaco Services Ltd for violating section 5(1) of ...
Student group: Large legal firms are using graduates for “slave labour”, offering unpaid internships
September 24th, 2015
Concerns over ‘slave labour’ for legal graduates at law firms Large legal firms are using graduates for “slave labour”, offering unpaid internships and, in some cases, charging students thousands of dollars for practical legal training, a student group says. ...
Methods of Tax Avoidance: Doubts Grow Over Fight Against Big Business Tax Evasion
September 24th, 2015
Lawmakers in the European Union say they have doubts that the fight against “aggressive” tax saving plans by the likes of Amazon, Barclays, Coca Cola, Facebook and Google can be sustained because of a lack of political agreement. The ...
Firm fined by MNB for performing unauthorised tied agent activity relating to investment services for firms domiciled in Cyprus and UK
September 24th, 2015
Magyar Nemzeti Bank (MNB), the Central Bank of Hungary, has issued an announcement to inform on its decision to impose a market surveillance penalty of HUF 90 million to CFD Markets Kft. which has performed capital market tied agent ...
European stocks rise despite China fears, Volkswagen up 4%
September 23rd, 2015
European stocks were trading higher on Wednesday in what has been a choppy morning of trade amid renewed fears over the health of the Chinese economy and continued fallout from the Volkswagen emissions scandal. The pan-European STOXX 600 was up was ...
Third director sentenced in OPI Pacific Finance case
September 23rd, 2015
FMA: A former director of OPI Pacific Finance Limited, Craig Robert White, has today been sentenced in the Auckland High Court. Mr White was sentenced to 250 hours community work and ordered to pay AUD $100,000 in reparation to ...
VW scandal: what the emissions revelations mean
September 23rd, 2015
The carmaker’s rigging of emissions data in the US could have serious repercussions around the world – and not just for Volkswagen What has Volkswagen done? The US Environmental Protection Agency (EPA) said on Friday that Volkswagen had installed illegal ...
Texas Man Admits to Bitcoin Ponzi Scheme
September 22nd, 2015
Trendon Shavers pleads guilty to a charge of securities fraud A Texas man admitted Monday to running a bitcoin Ponzi scheme, which at one time controlled about 7% of digital currency in circulation, in what authorities described as the ...
VW emissions probe spreads to Asia
September 22nd, 2015
The South Korean government said that it will start an investigation into Volkswagen’s (VW) diesel cars after the automaker admitted to rigging emissions tests in the US. The government said it would test up to 5,000 VW Jetta and ...
China turns to Islamic finance to expand economic clout
September 22nd, 2015
Islamic finance is gaining prominence as a channel for China to expand its economic influence abroad as banks strengthen ties with Muslim-majority countries and Chinese companies start to tap offshore pools of Islamic funds. With a Muslim population of ...
