Latest News for: Financial authority


Crypto clampdown: Watchdog bans 'refer a friend' bonuses, imposes new cooling-off period and unveils rules ...

The Daily Mail 08 Jun 2023
Businesses marketing crypto, like bitcoin and dodgecoin, to UK consumers will be forced to provide a 24-hour cooling-off period for the first time from 8 October, the Financial Conduct Authority confirmed on Thursday ... Changpeng Zhao, the chief executive of Binance, is under pressure from US authorities ... Free financial coaching.

Marathon Gold Announces Voting Results of Annual and Special Meeting of Shareholders

Eagle-Tribune 08 Jun 2023
... the mining industry; changes in general economic conditions or conditions in the financial markets; and other risks described in Marathon’s documents filed with Canadian securities regulatory authorities, including the Annual Information Form for the year ended December 31, 2022.

FSS, banks draw up 'three-step defenses' to prevent foreign remittance

Korea Times 07 Jun 2023
Last June, financial authorities and banks caught over 83 companies that made $7.2 billion worth of suspicious remittances over the past several months through Korean banks to countries including Hong Kong under the false guise of trade ... Financial authorities hope that the new ...

Registration of flats should be de-linked from financial dues, Rera tells govt

Hindustan Times 07 Jun 2023
The Uttar Pradesh government and the Centre had asked expert agency UP-Rera to carry out a survey after the authority refused to issue occupancy certificates for complete projects unless the realtor clears all financial dues ... According to rules, the authorities issue occupancy ...

How NGO managers siphon off funds

Ekathimerini 07 Jun 2023
The checks were conducted either on the authority’s own initiative or in response to information about questionable transfers that the authority received from financial institutions ... Managers’ assets have been blocked by the Anti-Money Laundering Authority, which has forwarded its findings to the prosecutor’s office for possible criminal charges.

Joint Center Study Finds that Black Americans Have Widely Varied Views of Financial Situations

Houston Forward Times 07 Jun 2023
... barriers faced by Black Americans — the compounded insults of health and economic consequences of COVID-19, the economic assault from the Great Recession, and persistent structural racism — are destructive to the financial well-being of Black households,” the authors noted.

Tallwin Ponzi scheme captures rural villages

Kuensel 07 Jun 2023
The propagators of the fraudulent scheme that promises quick and high financial returns boast about 300,000 members across the country ... “The Financial Intelligence Department of the Authority has frozen several bank accounts of the individuals involved or propagating the scheme to the general populace,” the public announcement stated.

If you’ve got a complaint about your bank’s chatbot, regulators want to hear from you

CNN 07 Jun 2023
The CFPB, which has regulatory authority over financial products and services such as credit cards, bank accounts, loan servicing and debt collection, put out a new report this week that essentially puts financial industry players on notice ... The stakes for being wrong when a person’s financial stability is at risk are high,” the agency wrote.

4 million learners set to benefit from free financial literacy course with BSP, BDO - TESDA

Manila Bulletin 07 Jun 2023
Over four million tech-voc learners are set to benefit from the free online financial literacy course in collaboration with the Bangko Sentral ng Pilipinas (BSP), and BDO Foundation (BDOF), the Technical Education and Skills Development Authority (TESDA) said on Wednesday, June 7.

Childhood cognitive ability has complex links with later financial well-being

Phys Dot Org 07 Jun 2023
However, Gladstone and Barrett note, if this assumption were incorrect, researchers might be underestimating the role of cognitive ability in people's financial well-being ... The authors add, "Our study demonstrates the complex and diverse relationships between cognitive ability in childhood and financial well-being in adulthood.

Dubai International Financial Center mobilizes climate finance efforts ahead of COP28

The Eastern Herald 07 Jun 2023
The summit is in line with the United NationsSustainable Development Goals, which emphasize aligning financial flows with the global path to reduce greenhouse gas emissions and climate-resilient development efforts. On this occasion, Arif Amiri, CEO of Dubai International Financial Center Authority, said.

Open banking regulator sets out next steps

Computer Weekly 07 Jun 2023
“This work is crucial in realising the full potential of open banking in the UK,” said a joint statement from the Payments Service Regulator and the Financial Conduct Authority, the JROC s’ stakeholders ... The end goal was to increase competition in a sector dominated by big financial services companies.

Finance officers allegedly stole R20m from milling company

Mail Guardian South Africa 07 Jun 2023
Last week, 38-year-old Van Niekerk, the former financial accountant at Botselo Mills, was arrested on 337 counts of fraud and 336 money-laundering charges ... The NPA states in its charge sheet that Van Niekerk, as the financial accountant, had authority to transact on Botselo Mills’s Nedbank account, “but within the company’s banking systems”.

Trucendent and NetLaw Announce Strategic Relationship to Deliver an Integrated Approach to Estate Planning via ...

Victoria Advocate 07 Jun 2023
Anticipating the Great Wealth Transfer of an estimated $84.4 trillion1 in the decades ahead, financial advisors are looking to assist their clients in estate planning now more than ever ... Trucendent and NetLaw are empowering advisors to deliver the Intelligent Financial Life.".

Chinese local govt fiscal revenue maintains steady growth

China Daily 07 Jun 2023
Fiscal departments at all levels are rolling out more measures to ease the financial strains. The central government has pledged to provide more transfer payments to local authorities to help them deal with financial droughts caused by factors including massive tax and fee cuts ... Some local authorities are also exploring ways to fill their coffers.

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This handout photo released by telegram channel of Belgorod region governor Vyacheslav Gladkov shows the side damaged apartments building near the crater after an explosion in Belgorod, Russia, Friday, April 21, 2023.
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