21st September 2017
The vulnerability of governments and businesses to cyberattacks was exposed again Wednesday when a top US financial regulator said hackers had breached its electronic database of market-moving corporate announcements, and may have profited from the information they stole. The hack of an aspect of the US Securities and Exchange Commission’s(SEC)… Read More
20th September 2017
Sasfin Holdings, a South African financial services company, said it’s firing KPMG LLP as its independent sponsor and searching for a new auditor, as more businesses announced they were dumping the firm because of work it did for the politically connected Gupta family. Hulisani Ltd., which invests in energy projects,… Read More
20th September 2017
Uber Technologies, facing a federal probe into whether it broke laws against overseas bribery, has embarked on a review of its Asia operations and notified U.S. officials about payments made by staff in Indonesia, people with knowledge of the matter said. As the Justice Department looks into a possible criminal… Read More
19th September 2017
Some African countries are at risk of getting slapped with sanctions and trade restrictions for their dealings with North Korea. A report was released by United Nations panel of experts on September 9th, two days prior to the UN Security Council’s unanimous adoption of a tough new round of sanctions… Read More
19th September 2017
Britain’s financial watchdog said on Tuesday it will implement European Union rules aimed at opening the banking sector to greater competition. The Financial Conduct Authority said the revised Payment Services Directive (PSD2), will also make payments cheaper and more secure. Read More
19th September 2017
JPMorgan has been routing customer orders for bitcoin-related instruments, a spokesman said on Monday, despite the bank’s chief executive’s calling the crypto currency “a fraud.” Like other Wall Street banks, JPMorgan acts as an agent for buyers and sellers of Bitcoin XBT, an exchange-traded note designed to track the value… Read More
18th September 2017
The father of the Bell Pottinger executive at the centre of the South Africa scandal that brought down the City PR firm has resigned from his role as a board member of London-listed pest control and hygiene firm Rentokil Initial. Chris Geoghegan – the father of 34-year-old Victoria Geoghegan who… Read More
15th September 2017
A sweeping investigation by the city of Portland, Oregon, found that Uber Technologies used a software tool to intentionally evade 16 government officials whose job it was to regulate the ride-services company, city officials said on Thursday. When Uber began operating in Portland in December 2014, it did not have… Read More
15th September 2017
UK multinationals are falling behind in completing anti-bribery and corruption due diligence before high risk mergers and acquisitions (M&A), according to a new study. Only 58 per cent of respondents in large UK companies complete the checks, the research from law firm Hogan Lovells revealed, as opposed to 85 per… Read More
15th September 2017
KPMG CEO Trevor Hoole, chief operating officer Steven Louw, chairperson Ahmed Jaffer and five senior executives have resigned and the auditor has withdrawn its South African Revenue Service (SARS) “rogue unit” report. The development follows an investigation by KPMG International, which was launched after pressure mounted on the auditor… Read More