27th August 2018
The UK’s parliamentary research department has published a paper on registers of beneficial ownership. The study outlines the beneficial ownership structure in the UK, and also looks at issues around its Overseas Territories. It explains that the UK has registers of beneficial ownership for three different types of assets: companies,… Read More
23rd August 2018
Australia’s government has banned major Chinese telecoms firm Huawei Technologies Co Ltd from supplying equipment for the country’s planned 5G mobile network, citing risks of foreign interference and hacking. The move, following advice from security agencies, signals a hardening of Australia’s stance toward its biggest trading partner as relations have… Read More
20th August 2018
Google is not close to launching a search engine app in China, its chief executive said at a companywide meeting on Thursday, according to a transcript seen by Reuters, as employees of the Alphabet Inc (GOOGL.O) unit called for more transparency and oversight of the project. Chief Executive Sundar Pichai… Read More
3rd August 2018
Switzerland’s highest court has allowed tax authorities to turn over bank account details of two Indian citizens who had fought the release on the grounds that India’s request for assistance in a tax-dodging probe arose from stolen bank data. The case involved information leaked by whistleblower Herve Falciani, a French… Read More
2nd August 2018
A Swiss court has ruled that bank UBS (UBSG.S) does not have to turn over client data to France following a request from Paris for the identities of thousands of people suspected of dodging taxes. The Federal Administrative Court found that requests for information must state why authorities believed taxpayers… Read More
1st August 2018
Some 10 million Dixons Carphone records containing personal data may have been accessed in a 2017 cyber attack, the British electronics and mobile phone retailer said on Tuesday, boosting an earlier estimate of 1.2 million. It was the second major cyber attack in three years on the company, which has… Read More
30th July 2018
AP — The U.K. government should increase oversight of social media like Facebook and election campaigns to protect democracy in the digital age, a parliamentary committee has recommended in a scathing report on fake news, data misuse and interference by Russia. The interim report by… Read More
25th July 2018
The Monetary Authority of Singapore (MAS) has issued a circular to all financial institutions, instructing them to tighten their customer verification processes. The move follows the recent cyber attack at SingHealth where personal information of 1.5 million individuals was illegally accessed. For access to online financial services, banks in… Read More
20th July 2018
Technical and supply-chain issues with equipment made by Chinese firm Huawei have exposed Britain’s telecom networks to new security risks, a government report said on Thursday. The assessment, made in a report signed off by Britain’s GCHQ spy agency, will intensify the espionage debate around Huawei Technologies [HWT.UL], which has… Read More
20th July 2018
Hong Kong’s securities regulator has hit HSBC’s Asia unit with a HK$9.6 million (US$1.2m) penalty for systematic deficiencies in its bond selling practice, which included compliance failings. The Securities and Futures Commission (SFC) found that when selling bonds to clients, HSBC Broking Securities (Asia) failed to conduct proper and adequate… Read More