Search Results for: SEC
ESAS warn on Money Laundering and Terrorist Financing risks affecting the EU financial sector
February 22nd, 2017
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a Joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union’s financial sector. This Opinion ...
ACCA kicked off February with the seventh global public sector conference
February 21st, 2017
ACCA (the Association of Chartered Certified Accountants) kicked off February with their seventh global public sector conference in South Africa. The two-day event held on 14 – 15 February, welcomed 150 guests from around the world and explored the ...
CySec fined €175.000 a Cyprus Investment Firm
February 16th, 2017
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors that, at its meeting held on December 05, 2016, decided to impose a total administrative fine of €175.000 on the CIF Novox ...
CySec announced for the Regulatory Obligations of CIFs when providing binary options
February 13th, 2017
The Cyprus Securities and Exchange Commission (CySEC) has today published a consultation paper regarding its proposed reforms to the regulatory framework governing the provision of investment services in binary options by firms under its supervision (“Cyprus Investment Firms” or “CIFs”). ...
The Securities and Futures Commission bans former employee of HSBC for life
February 13th, 2017
The Securities and Futures Commission (SFC) has banned Ms Li Lee, a former employee of The Hongkong and Shanghai Banking Corporation Limited (HSBC), from re-entering the industry for life following her criminal convictions (Note 1). The District Court earlier ...
Founders of Panama Law Firm Mossack Fonseca arrested
February 13th, 2017
Police in Panama arrested the founders of Mossack Fonseca, the law firm at the center of the Panama Papers scandal, on money laundering charges after authorities raided the firm’s headquarters as part of investigations into Brazil’s largest-ever bribery scandal. ...
SEC is freezing brokerage accounts holding more than $29 million in illegal profits
February 13th, 2017
SEC Charges Chinese Citizens Who Reaped Massive Profits From Insider Trading on Comcast-Dreamworks Acquisition Obtains Court Order Freezing More Than $29 Million in U.S. Accounts The Securities and Exchange Commission announced that it obtained an emergency court order freezing brokerage ...
CySec has approved a new Administrative Services Provider
February 8th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that the Commission has approved a new firm as Administrative Services Provider (ASP). According the announcements, the below firm have been approved: Insero Ltd Akropoleos 93, ...
IOSCO analyzes potential of tech-driven change in the securities market industry
February 8th, 2017
The International Organization of Securities Commissions (IOSCO) has issued today a press release to pubilsh a report regarding the potential of tech-driven change in the securities market industry. Below is the press release a it was published by IOSCO: ...
CySec announced an administrative penalty to an AIFM
February 7th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a press release to inform investors that, at its meeting held on December 19, 2016, decided to impose a total administrative fine of €5.000 on the AIFM ‘Fortified Capital Ltd’ (the ...
