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UK Watchdog Narrows Dividend-stripping Investigation

A British investigation into a trading scheme that claimed multiple tax rebates on dividend payments, said by European countries to have siphoned billions of euros from state coffers, is now focused ....

United Arab Emirates , United Kingdom , City Of , Konrad Duffy , Hanno Berger , Steptoe Johnson , Sanjay Shah , Zoe Osborne , Serious Fraud Office , Financial Conduct Authority , High Court , Solo Capital , Sunrise Brokers , Sapien Capital ,

UK watchdog narrows dividend-stripping investigation

A British investigation into a trading scheme that claimed multiple tax rebates on dividend payments, said by European countries to have siphoned billions of euros from state coffers, is now focused ....

United Arab Emirates , United Kingdom , City Of , Konrad Duffy , Hanno Berger , Steptoe Johnson , Sanjay Shah , Zoe Osborne , Serious Fraud Office , Financial Conduct Authority , High Court , Solo Capital , Sunrise Brokers , Sapien Capital ,

FCA fines London boutique investment bank for failing to spot financial crime relating to cum-ex trading


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. ....

United Kingdom , Serious Fraud Office , Financial Conduct Authority , Asolo Group , Sapien Capital , Park First , ஒன்றுபட்டது கிஂக்டம் , தீவிரமானது மோசடி அலுவலகம் , நிதி நடத்தை அதிகாரம் , தனி குழு , பூங்கா முதல் ,