Search Results for: AFP
US Swiss bank program reaches $1B in fines
December 28th, 2015
US officials announced settlements with four more Swiss banks Wednesday to lift the total fines in the two-year disclosure program to more than $1 billion from 75 banks. “With today’s resolutions under the Swiss Bank Program, the department has ...
Belgian court orders Facebook to stop tracking non-members
November 11th, 2015
Judge threatens social network with fines of €250,000 a day over ‘datr’ cookie, which records visits to many websites whether or not user has Facebook account A Belgian court on Monday gave Facebook 48 hours to stop tracking internet users who ...
EU countries warn of Volkswagen scandal fallout
October 21st, 2015
Several EU member states including major automaker France will urge Europe’s pollution regulator to thoroughly assess the consequences of the Volkswagen emission scandal, according to a document seen by AFP Monday. “The environmental dimension needs to be clearly assessed ...
KYC: ‘Increased Guidance’ From Regulators Will Help Treasury
October 14th, 2015
During the opening session of the compliance forum at Sibos 2015, regulators discussed the intense scrutiny being placed on banks to crack down on money laundering and terrorist financing. That scrutiny has been passed along to banks’ corporate clients, ...
ASIC bans two persons from providing financial services
October 6th, 2015
The Australian Securities and Investments Commission (ASIC) has issued today two announcements to inform public that the Commission decided to ban two persons in different cases from providing financial services. According the first announcement, ASIC informs that, it has ...
Credit Suisse challenges court order to pay $288 mn in mortage suit
September 9th, 2015
Swiss banking giant Credit Suisse on Monday challenged a court ruling ordering it to pay a US hedge fund $287.5 million (257.6 million euros) in a case linked to the burst housing bubble. A court in the US state ...
Share trading accounts at some Australia’s largest brokers have been hacked
August 5th, 2015
Russian hackers have been detected trying to rip cash from online share trading accounts at some of Australia’s biggest brokers, including Morgan Stanley and Commsec. A joint operation by the corporate watchdog ASIC and the Australian Federal Police, dubbed ...
Deutsche Bank Moscow Faces Three Investigations Over Possible Money Laundering
July 17th, 2015
German banking giant Deutsche Bank is now undergoing three investigations into possible money-laundering at its Moscow branch after Britain joined the United States and the lender itself in probing suspect trades. The Financial Conduct Authority (FCA), Britain’s financial watchdog, ...
Bitcoin price tumbles after Greek deal announcement
July 13th, 2015
The Belgian Prime Minister Charles Michel broke the news that there will be no “Grexit” after 17 hours with hard negotiations with other European leaders and Greece’s Prime Minister Alexis Tsipras. Read More on Greek Deal Announcement According to ...
Saudi banks unruffled by Greece-euro crisis
July 6th, 2015
Saudi Arabia‘s banking system remains largely insulated from the ongoing events in the euro zone, with high levels of liquidity and solid capitalization ratios, say top economists in the Kingdom. Their reaction came as early results from the referendum ...
