Daily Archives: 17/10/2016

CySec fined Bank of Cyprus and Members of its Board and General Manager in the relevant period

October 17th, 2016 (0)
The Board of the Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform the public that it has investigated the compliance of: Bank of Cyprus Public Company Ltd, its Board of Director Members’ and its General Manager with the ...

Nigerian Banks Suspend Use of ATM Cards Abroad

October 17th, 2016 (0)
Several commercial banks in the country have suspended the use of their naira ATM cards abroad by their customers. On Friday, Stanbic IBTC Bank and Standard Chartered Bank Nigeria announced that customers won’t be able to use their naira ...

Abu Dhabi Securities Exchange launched Blockchain for eVoting Services

October 17th, 2016 (0)
Abu Dhabi Securities Exchange (ADX) announced in GITEX Tech Week its launch of Blockchain technology for eVoting services. The launch is considered the first of its kind for the MENA region financial markets as it employs the latest innovations ...

Why Oil Prices Are Bothering the AUD

October 17th, 2016 (0)
Historically, there hadn’t been much of a strong correlation between crude oil and the Australian dollar, whether it’s a positive or negative one. These days, however, the rise in the commodity seems to be accompanied by a drag on ...

In China, Two Cities Mirror Blockchain-Bitcoin Divide

October 17th, 2016 (0)
Beijing and Shanghai, China’s two most populous and developed cities, are often reminiscent of two siblings. They are similar, but each has its own distinct character. In this light, some rivalry is as inevitable, and it’s now spilling over ...

Elliott Wave Analysis: Bears Taking Over The EURUSD

October 17th, 2016 (0)
Elliott Wave Analysis: Bears Taking Over The EURUSD On EURUSD we see price trapped in a big consolidation pattern, a triangle that seems to be over as of recent bearish price movement. It’s a five wave correction, a continuation ...

ICPAC and the International Compliance Association (ICA) join forces to promote the professionalism of compliance officers

October 17th, 2016 (0)
The Institute of Certified Public Accountants of Cyprus (ICPAC) and the International  Compliance Association (ICA) penned on Friday, 14 October 2016 a protocol of cooperation  in order to promote the common endeavour of enhancing the professionalism of the  compliance ...

The Total Amount Of Debt In The World Just Hit A Record $152,000,000,000,000 (152 Trillion)

October 17th, 2016 (0)
If anyone ever asks you how much debt there is in the world, now you will know the answer. According to the IMF, the total amount of debt around the globe has now hit a staggering 152 trillion dollars. ...

The bitcoin technology to be tested to cut costs in document exchanges

October 17th, 2016 (0)
Sberbank and the Federal Antimonopoly Service of the Russian Federation have launched a pilot project called Digital Ecosystem for exchanging documents using blockchain technology. The goal of the project is to study the possibilities of distributed document storage, which ...

About 15 Swiss banks reportedly in money laundering ‘red zone’

October 17th, 2016 (0)
Roughly 15 Swiss banks are in a”red zone” of lenders particularly exposed to money laundering risks, the head of Swiss banking watchdog Finma said in a newpaper interview published yesterday. Swiss federal prosecutors last week said they have opened ...
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