10/23/2020
Goldman is seeking to claw back $76 million from the three former employees most implicated in the scandal, the bank’s board said Thursday in a statement.
10/23/2020
FINMA has thus taken into account the new case law on the disgorgement of profits, including the Federal Administrative Court’s judgement of November 2019.
10/23/2020
These POs were issued at the conclusion of an investigation conducted by the MAS and took effect on 22 October 2020.
10/23/2020
The new legal framework would omit some of the conditions required by the 2014 circular
10/23/2020
He focuses on corporate and commercial practice including securities, mergers and acquisitions, financing and capital market transactions.
10/22/2020
But as loan repayment holidays come to an end and job protection schemes fade away to be replaced by less generous measures, those without their own financial defences are at risk of experiencing severe financial damage.
10/22/2020
This decision follows a ruling by the Federal Administrative Court in December 2019, which had confirmed FINMA’s assessment of the case but had remanded the aspect of the disgorgement amount to FINMA.
10/22/2020
Transforming AML programs to enhance outcomes for law enforcement
10/22/2020
The COVID-19 crisis is exacerbating these tensions by accelerating the digitalisation of the economy and increasing pressures on public finances.
10/22/2020
The 1MDB bond offerings were arranged and underwritten by Goldman Sachs International,
10/22/2020
After Mozambique defaulted in 2018, the matter morphed into a major crisis because the Swiss loans were not revealed to other creditors and the International Monetary Fund.
10/21/2020
Maltese prime minister defends programme for its contribution to the country’s economy
10/21/2020
The Panama Papers, a massive data leak in April 2016, exposed widespread tax avoidance and evasion
10/21/2020
Many charities are reporting effectively on their fundraising approach, and to a lesser extent on fundraising standards.
10/21/2020
It would ‘put the fox in charge of the henhouse’, anti-money-laundering experts warn, after FinCEN Files identified thousands of U.K. shell companies linked to suspicious transactions.
10/20/2020
The case was filed with a court in New York and includes a claim of $100 million in damages.
10/20/2020
As of mid-July 2020, according to the Bank for International Settlements report, at least 36 central banks have published retail or wholesale central bank digital currency work.
10/20/2020
Deal to push Goldman’s tally of penalties to around $5 billion
10/19/2020
The case alleges a senior bank executive conspired with Eastern Europeans based in Brooklyn to defraud Bogdanchikov, all with the help of Mossack Fonseca, the law firm forced to shut down in 2018 after the Panama Papers revealed it was involved in interna
10/19/2020
A blanket ordinance is now planned to incorporate the legislative amendments voted by Parliament into law at federal ordinance level.