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money laundering

deloitte-1

Deloitte is being sued after failing to flag up more than $200 million of money laundering

25/08/2016(0)
A Dubai-based investment group is suing the Middle Eastern arm of Deloitte and Touche after the accounting firm failed to flag up money laundering at a now-defunct Lebanese bank. ... Read More
Supreme-China-Court

Bitcoin Exchange OKCoin Fined in Money Laundering Case

16/08/2016(0)
Chinese Bitcoin exchange OKCoin was recently fined for unknowingly aiding money laundering operations on its platform. The Beijing-based company, which records the maximum daily Bitcoin volume, has been ordered ... Read More
Roulette-Wheel

UK Gambling Regulator Clarifies Digital Currency Rules

10/08/2016(0)
The UK’s gambling regulator has clarified its rules for digital currencies. In an update to its codes of practice issued this July, the UK Gambling Commission (UKGC) outlined how ... Read More
bitcoin-cryptocurrency

Australia to regulate bitcoin under counter-terrorism finance laws

09/08/2016(0)
Jakarta: Australia is moving to become one of the first countries to regulate e-currencies such as bitcoin under its anti-money laundering and counter-terrorism financing laws. Bitcoin – the most prominent ... Read More
cryptocurrency--bitcoin

A Miami judge rules that bitcoin isn’t money

26/07/2016(0)
Sorry bitcoiners, the US court system doesn’t think your digital currency is real money. At least, Miami-Dade circuit court judge Teresa Mary Pooler doesn’t. Yesterday (July 25), Pooler handed ... Read More
bitorrent

The man behind the world’s biggest online illegal film site arrested

21/07/2016(0)
US officials plan to charge the Ukrainian owner of the Web’s “most visited” piracy site, Kickass Torrents. The site distributes $1 billion worth of illegally copied content and is ... Read More
cyprus-central-bank---2

Central Bank of Cyprus fined Hellenic Bank for more than €1 million

18/07/2016(0)
The Central Bank of Cyprus (CBC), within the remit of exercising its supervisory role, may take, under subsection (6) of section 59 of the Prevention and Suppression of Money ... Read More
UBS

Swiss bank UBS is to face legal action for encouraging tax fraud that could cost it billion euros

11/07/2016(0)
Swiss bank UBS, along with several of its former executives, is to face legal action for encouraging tax fraud that could cost it five billion euros, if judges accept ... Read More
Singapore

Singapore leads Hong Kong in race to be Asia’s fintech hub

05/07/2016(0)
Singapore has pushed ahead of regional rival Hong Kong in the race to emerge as Asia’s financial technology (fintech) hotspot. State funding, light-touch regulation and a recent move to allow ... Read More
pwc-building

Former PwC employees found guilty in Luxleaks trial

01/07/2016(0)
Two former PwC employees at the centre of the so called ‘Luxleaks’ tax scandal have been found guilty and handed suspended sentences. Antoine Deltour, a former auditor for the ... Read More
Broker Cyprus TopFX