ex-UBS Employees Receive Ban From Swiss Watchdog
Switzerland has some of the toughest financial laws in the world and Swiss banks have always been home for most of the wealthiest men and women on the planet who want to store the assets and maintain complete anonymity. Switzerland
Read MoreForex Reserves In China Drop To Lowest Level In Two Years
China has the second largest economy in the world and fluctuations in its economy and forex reserves is of great importance to the global economy as a number of countries do business with China and are heavily dependent on the
Read MoreGBP Strengthens After the Chancellors Autumn Statement
It is the annual event that many pensioners, home owners and businesses look forward to or dread every year in the UK and that is the Chancellors Autumn Statement in which he reveals his spending commitments for the coming year.
Read MoreShah Rukh Khan Interrogated By ED For Alleged Forex Violations
India has been cracking down on black money and forex scams at the behest of the finance minister Arun Jaitley who says he wants to clean up India and bring back all the funds that are stashed abroad. The latest
Read MoreHong Kong Banking Privacy Laws Stalls India Forex Scam Investigation
The Central Bureau of Intelligence (CBI) and the Enforcement Directorate (ED) has been tasked with the responsibility of investigating the 3,600 crore forex scam that was unearthed after an internal audit took place at the Bank of Baroda in New
Read MoreVenezuela Sues U.S Based Website To Protect Its Forex Rates
The internet has changed the way people do business across the world and current technology has made it possible for a single website to have a serious impact on a country’s economy. This appears to be the case in Venezuela
Read MoreCVC Asks RBI and IBA To Red Flag Multiple Forex Transactions
The 600 crore forex scam that was unearthed after an internal audit at the Bank of Baroda has caused the Central Vigilance Commission (CVC) to crackdown on all banks in India as they have been ordered to ensure KYC compliance
Read MoreBritish Banks Could End Up Battling Forex Lawsuits From UK Investors
Some of the biggest banks in the United Kingdom have been in the news this year for malpractices that violated norms in the United States. Barclays, HSBC and the Royal Bank of Scotland admitted to the allegations and in the
Read MoreMyanmar To Stop Forex Licences To Control “Dollarization”
Myanmar is a small country that relies heavily on tourism and foreign investment into its manufacturing industry. The country had earlier passed a law that allowed business establishments to apply for forex licenses that would allow them to deal directly
Read MoreThe Euro Takes a Hit on the Money Markets
There are some words that you will not want to hear from Ewald Nowotny who is one of the ECB’s council members, and those words are that is it quite obvious that the European region as a whole needs more
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