Latest Breaking News On - தனி குழு - Page 2 : comparemela.com
Pangansari dan Halalan Thayyiban Pasok Makanan di PON 2021
mediaindonesia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mediaindonesia.com Daily Mail and Mail on Sunday newspapers.
Lirik Lagu Setelah Kau Pergi - Ungu » Solopos com
solopos.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from solopos.com Daily Mail and Mail on Sunday newspapers.
Mudik Lokal Diperkenankan di Solo, Begini Okupansi Perhotelan
bisnis.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bisnis.com Daily Mail and Mail on Sunday newspapers.
FCA fines London boutique investment bank for failing to spot financial crime relating to cum-ex trading
The FCA has fined Sapien Capital nearly £200,000.
The City regulator has fined Sapien Capital £178,000 after it failed to carry out proper due diligence on a client likely participating in financial crime.
Between 10 February and 10 November 2015, the boutique investment bank failed to have in place proper systems to find and mitigate the risk of being used to facilitate fraudulent trading and money laundering in relation to business introduced by the Solo Group, the Financial Conduct Authority (FCA) said.
The Solo Group trading was characterised by what appeared to be a circular pattern of extremely high value trades undertaken to avoid the normal need for payments and delivery of securities in the settlement process, according to the watchdog.
UK Financial Conduct Authority Fines Sapien Capital Ltd For Serious Financial Crime Control Failings In Relation To Cum/Ex Trading Date
06/05/2021
The FCA has fined Sapien Capital Ltd £178,000 for failings which led to the risk of facilitating fraudulent trading and money laundering. The fine was reduced due to serious financial hardship.
This is the first FCA case in relation to cum/ex trading, dividend arbitrage and withholding tax (WHT) reclaim schemes. There are currently a number of ongoing and overlapping investigations.
Between 10 February 2015 and 10 November 2015 Sapien failed to have in place adequate systems and controls to identify and mitigate the risk of being used to facilitate fraudulent trading and money laundering in relation to business introduced by the Solo Group.