Search Results for: sanctions
As US piles on sanctions, foreign investors pour more money into Russia
February 14th, 2019
Russian companies’ stocks attracted the most foreign investment in 5 years, adding nearly $576 million in January, the Central Bank of Russia reported. Investors also actively poured money into Russian bonds despite US sanctions. The ruble-based Moscow stock exchange ...
Russia passes tax haven laws to bypass sanctions
August 1st, 2018
International firms can use new laws to establish an offshore domicile and thereby bypass sanctions. The Russian parliament’s upper chamber has approved a package of laws to enable Russia-controlled foreign offshore companies to be re-registered in offshore financial centers ...
Sanctions against senior auditor and EY
October 17th, 2017
Ernst & Young LLP (EY) and Julian Gray, Senior Statutory Auditor and Audit Engagement Partner, have been fined and reprimanded after admitting Misconduct in relation to the audit of the financial statements of Tech Data Limited (formerly known as ...
Oil markets jump on fears of new Iran sanctions
October 16th, 2017
Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced exploration activity supported prices there. Brent crude futures LCOc1, ...
Sanctions against Russia have cost European Union €30bn
October 9th, 2017
New research by the Austrian Institute of Economic Research (WIFO) suggests the EU’s economic sanctions against Russia introduced three years ago have cost European countries billions of euro. The survey, which was conducted at the request of the European Parliament ...
AVA TRADE EU and iCFD agreed to pay thousands euro to settle sanctions
August 24th, 2017
The Financial Services and Markets Authority (FSMA), financial sector regulator of Belgium, has issued an announcement to inform that AVA TRADE EU Ltd and iCFD Ltd agreed settlements. The agreed settlements consist of a payment of EUR 175,000 by ...
Sanctions against senior auditor and PwC
August 16th, 2017
The Financial Reporting Council (FRC), UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment, has issued today an announcement to inform that: PricewaterhouseCoopers LLP (PwC) and Nicholas William Edward Boden, Senior Statutory Auditor ...
Exxon sues U.S. over $2 million Russian sanctions fine
July 21st, 2017
The U.S. Treasury Department on Thursday imposed a $2 million fine on Exxon Mobil Corp. for what it called a “reckless disregard” of U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant’s chief executive, ...
CySec announced revocation of administrative sanctions
July 20th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform that: Following a previous announcement dated 8 June 2017, the Board of the Commission would like to inform the public that, on its meeting dated ...
UBS Inc. fined by SIX Swiss Exchange Sanctions Commission
April 20th, 2017
On 22 March 2016 the SIX Swiss Exchange Court of Arbitration partially confirmed the decision handed down on 16 March 2015 by the SIX Swiss Exchange Sanctions Commission regarding UBS Inc. The Federal Supreme Court did not occur the ...
