Search Results for: legal
CFTC charged Asset Management firm and its owners
February 24th, 2016
CFTC Charges Florida-Based North American Asset Management, LLC, Alexi Bethel, and Steven Labadie with Engaging in Illegal, Off-Exchange Precious Metals Transactions The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a civil injunctive enforcement action in the ...
Japan eyes treating bitcoins the same as real money
February 24th, 2016
Japanese financial regulators have proposed handling virtual currencies as methods of payment equivalent to conventional currencies, a step that would strengthen consumer protection and spur growth in the virtual economy. The Financial Services Agency’s legislative revisions would recognize bitcoins ...
New international law firm launches
February 23rd, 2016
Gowling WLG, a new international law firm created by the combination of Gowlings, a leading Canadian law firm, and Wragge Lawrence Graham & Co (WLG), a leading UK-based international law firm, launched on 22 February. With more than 1,400 ...
HSBC Posts 4th-Quarter Loss and Comes Under S.E.C. Scrutiny
February 23rd, 2016
HSBC said on Monday that it lost money in the fourth quarter and warned that it was being investigated for hiring candidates with ties to government officials in the Asia-Pacific region. The lender, which is based in Britain but generates ...
SEC charged a former Deutsche Bank research analyst
February 19th, 2016
The Securities and Exchange Commission today charged a former Deutsche Bank research analyst with certifying a rating on a stock that was inconsistent with his personal view. An SEC investigation found that Charles P. Grom certified that his March 29, 2012 ...
Google Isn’t Paying the ‘Google Tax’
February 19th, 2016
Close to four years ago, Europe began to notice that some of the world’s biggest technology companies were paying minimal tax on the billions of dollars they earned across the continent. Among those the U.K. and other governments criticized ...
European debt sales top €100 billion for the first time since 2008
February 18th, 2016
Sales of loan portfolios by deleveraging banks in Europe reached a record €104 billion last year, with the UK accounting for more than one-third of the total, according to new research from KPMG. Britain accounted for 37 percent of ...
Suspended jail sentence for London solicitor over VAT fraud
February 18th, 2016
A London solicitor has been given a suspended jail sentence for a £96,000 VAT fraud which was uncovered by an HMRC taskforce set up to identify those attempting to avoid paying tax on property investment income Caroline Joseph, from ...
Brexit: The impact on commercial relationships and contracts; 6 things you need to know
February 18th, 2016
The debate about a Brexit has focused largely on the political arguments advanced by the “in” and “out” campaigns, but a departure from the EU will obviously also have a significant impact on commercial relationships and contracts. A referendum ...
China’s top bank raided in Spain over money laundering
February 18th, 2016
Five employees of China’s biggest bank have been arrested in Spain on suspicion of laundering money across Europe. Police made the arrests Wednesday after raiding the offices of the Industrial and Commercial Bank of China in Madrid. One of ...
