Barclays boss Staley ‘ready to talk to FBI’ about Jeffrey Epstein

first_imgThe investigation, which was launched in December but only came to light last week, has sparked speculation that Staley’s job could be at risk. (AFP via Getty Images) Also Read: Barclays boss Jes Staley ‘ready to talk to FBI’ about Jeffrey Epstein But lawyers said the banker might have insights into personal or financial details relating to Epstein, who took his own life in a New York jail last year while awaiting trial on sex trafficking charges. whatsapp Staley said the relationship began to “taper off” after he left JP Morgan in 2013 before ending “totally” in 2015 when he took over at Barclays. Barclays chief executive Jes Staley is ready to tell US authorities everything he knows about Jeffrey Esptein following revelations that British regulators are probing his links with the paedophile financier. (AFP via Getty Images) Also Read: Barclays boss Jes Staley ‘ready to talk to FBI’ about Jeffrey Epstein However, the connection between Staley and Epstein has proved controversial in the UK, where the Financial Conduct Authority and Prudential Regulation Authority have opened a probe into their ties. Share Barclays boss Jes Staley ‘ready to talk to FBI’ about Jeffrey Epstein Sunday 16 February 2020 4:42 pm James Warrington Lawyers for Epstein’s victims have urged the banking boss to speak with the FBI and hand over any information he has on his former client. Show Comments ▼ It is understood that Staley has not been approached with requests for information by US authorities, but would fully cooperate if asked. There is no suggestion of any wrongdoing by the Barclays boss. But Barclays said an internal review had cleared Staley of any wrongdoing and he would be unanimously recommended to re-election at the company’s annual general meeting. whatsapp Tags: Barclays Lisa Bloom, who represents several victims, told the Mail on Sunday: “For decades, prolific paedophile Jeffrey Epstein was allowed to victimise girls with impunity. Only now is law enforcement trying to get to the bottom of how this happened. (AFP via Getty Images) Staley last week admitted that he maintained contact with the disgraced financier for seven years after his conviction, adding that he “deeply regretted” the relationship. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com The pair’s relationship dated back to 2000, when Staley took over as head of JP Morgan’s private bank, which counted Epstein as a client. “Everyone who knew Epstein for any period of time must cooperate with law enforcement, including Jes Staley, who appears to have remained close with Epstein even after his sex crime conviction. We call upon Mr Staley to do the right thing and tell the FBI what he knows.” last_img read more

Business has a moral duty to tackle the scourge of human trafficking — starting with supply chains

first_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Ryan LynchRyan Lynch is director of sustainability at the British Standards Institution Opinion This trend is inherently tied to the pandemic and its economic impact. Weakened economies force more migrant workers to travel, increasing risk to vulnerable people. Meanwhile, large numbers of migrant workers in Asia in particular are now unemployed, and may be stranded away from home. Business has a moral duty to tackle the scourge of human trafficking — starting with supply chains For UK businesses, tackling the issue of human trafficking in supply chains is an imperitive. And it starts by identifying at-risk suppliers and then proactively taking steps to reduce the risk. whatsapp The most at-risk categories in Europe and Asia remain informal, seasonal industries such as agriculture or textiles. Labour is exploited within a limited period, allowing for easier concealment by employers.  The investigation into working conditions at Leicester factories is a prominent example of shocking working conditions and slavery practices (Getty Images) Also Read: Business has a moral duty to tackle the scourge of human trafficking — starting with supply chains The impacts of this pandemic have been countless and varied  — from health to the economy, education to technological development. This includes properly qualifying recruiters, tracking how they communicate terms of employment to workers, how workers are on-boarded, and whether suppliers understand if workers are charged fees. The investigation into working conditions at Leicester factories is a prominent example of shocking working conditions and slavery practices (Getty Images) Also Read: Business has a moral duty to tackle the scourge of human trafficking — starting with supply chains City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. According to the International Labour Organization (ILO), human trafficking is a $150bn industry, with most of this money generated through sex trafficking. The second largest portion of human trafficking is related to forced labour, also known as modern day slavery. The investigation into working conditions at Leicester factories is perhaps the most prominent example of shocking working conditions and slavery practices this year. But it is far from the only one. The appalling practice continues, and through our Supply Chain Risk Exposure Evaluation Network (SCREEN) intelligence we have recorded multiple instances of human trafficking in supply chains over the first half of the year, and a significant increase in the number of migrants entering Europe in June and July. center_img A key practical step to mitigate against abuses of this kind is addressing how suppliers work with recruiters. In questioning the recruitment process, companies should examine how workers arrived at this location, what the process was, and what role a recruiter played.  The investigation into working conditions at Leicester factories is a prominent example of shocking working conditions and slavery practices (Getty Images) It also involves understanding how workers are engaged in their countries of origin during the recruitment process, and if they can raise concerns once employed. This level of due diligence by suppliers is uncommon, but closer attention to the recruitment process is a practical, proven approach to tackling the evil of human trafficking.   Companies at the front of the fight against modern slavery are taking this a step further, and investing in their key suppliers in high-risk areas to eliminate recruitment fees completely. Migrants worldwide remain highly susceptible to labour exploitation, with the lack of legal protections and economic opportunity in host countries creating impossible situations. The absence of official citizenship, particularly in cases of labour trafficking, also exacerbates the risk of exploitation, as migrants are at many times unable to register official complaints.  As the Leicester scandals showed, this is a crime that hides in plain sight and can tarnish even the most well-meaning of brand with the stain of modern slavery. Businesses may think they have their hands full with adapting to the post-Covid landscape, but this is a challenge they cannot afford to ignore.  whatsapp Main image credit: Getty Share But one tragic side effect of Covid-19 has sadly too often gone unspoken: an increase in instances of human trafficking and forced labour abuses taking place amid the disruptions to global supply chains. This year, 48 per cent of the labour rights violations we recorded involved migrants, up from 42 per cent last year. Of these incidents, over half involved forced labour conditions — again an increase on last year’s figures.   Wednesday 2 September 2020 11:24 am Such steps will help create greater awareness of the issue of human trafficking and bring about the much needed change to eliminate the practice. Show Comments ▼last_img read more

73-year-old man collapses and dies in downtown Juneau

first_imgUncategorized73-year-old man collapses and dies in downtown JuneauMarch 4, 2016 by Matt Miller, KTOO Share:Emergency responders tried to revive a man who collapsed at Seward and Second streets on March 3, 2016.(Photo by Mary Uyanik)Juneau Police have identified the man who collapsed and died in downtown Juneau on Thursday evening as 73-year-old Joseph McDonagh Burke.Family members have been contacted about his death. The body will be flown to Anchorage for a possible autopsy.Witnesses reported the man collapsed or lying down in the bushes outside the Subway sandwich shop at the corner of Seward and Second streets about 7  p.m. Thursday. He seemed to be slightly responsive when a few bystanders checked on him before first responders arrived on the scene.Emergency responders spent about 30 minutes trying to revive him.Share this story:last_img read more

Associated British Foods share price rises as Primark revenues jump

first_img Tags: Associated British Foods Company Primark Show Comments ▼ Joe Hall Tuesday 4 November 2014 2:48 am Shares in Primark parent company Associated British Foods (ABF) rose 1.65 per cent in early trading, as a “magnificent year” for Primark helped create record increases in earnings and profit before tax in its full-year results today. ABF chief executive George Weston said: “Primark’s trading success and significant expansion delivered another magnificent year.” Falling EU sugar prices hit ABF’s AB Sugar subsidiary, pushing revenue growth in its food business down, holding back the group’s profit growth. Overall, the group recorded revenue of £12.9bn for the year ended 13 September, £4.95bn of which came from Primark. That’s a 37.9 per cent contribution. ABF’s actual revenue dropped three per cent, but rose one per cent measured at constant currency. Adjusted operating profit was down one per cent to £1.63bn, but saw a two per cent rise at constant currency. Primark sales also rose 17 per cent compared to the previous year, as the retail giant opened 21 new stores around the world including its first in France. The company has plans to move into the north-east of the US next year. In a statement, Weston praised Primark’s performance, but indicated price deflation in food commodities held back the company’s growth potential. He said: A key influence on this year’s performance has been the impact on our food businesses of price deflation in some of our major commodities. As a consequence the growth in revenues achieved by our food businesses in recent years has not been sustained this year At Primark, a strong store opening programme, excellent buying, and higher sales densities in our new stores, all came together to drive revenues to within a fraction of £5bn. Revenue and profit in AB Sugar fell due to declining world sugar prices.  Revenue in AB sugar fell 22 per cent to £2.1bn, compared to £2.7bn at the same time last year. Adjusted operating profit plummeted 56 per cent to £189m, compared to £434m a year ago. Warren Ruhomon, senior analyst at Finspreads, said the full-year results may the best sign yet of a floor under ABF’s recent troubles. Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoYahoo! SearchResearch Car Donation For CharitiesYahoo! SearchUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndocenter_img whatsapp whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Associated British Foods share price rises as Primark revenues jump last_img read more

WH Ireland look to the future

first_img whatsapp Express KCS Share UK WEALTH manager and broker WH Ireland yesterday posted a fall in pre-tax profits but said it had taken steps to put the group on a steadier footing this year.The company made £500,000 in profits for the full year of 2014, down from £1.7m last year. One-off costs like the restructuring its private wealth management division were to partly blame, the company said. Revenues rose to £30m up from £29.7m and the firm also bolstered its final dividend by 33 per cent to 2p a share. “All the big changes across the company have been identified and communicated,” chief executive Richard Killingbeck said. “On the corporate side we’ve continued to grow the client list and our strategy is to boost retainer fee income.”Shares in the group finished the day 1.6 per cent higher. Monday 2 March 2015 8:38 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com WH Ireland look to the future center_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeRecetas Get5 Common Cancer Signs to Pay Attention ToRecetas GetUndoDid U KnowUnsold 2020 SUVs Going for Pennies on the Dollar: Great For SeniorsDid U KnowUndoalldelishHere is what happens to your body when you start eating 2 eggs every dayalldelishUndoDr. Jeff's PetsSenior Dogs are Walking Better due to This 1 Simple Thing (It’s Genius)Dr. Jeff’s PetsUndo12Facts.comThey Took The Same Picture For 40 Years. Don’t Cry When You See The Last!12Facts.comUndoPDFWonderHe Thought He Brought Home A Puppy, But Later Realized It Was Something ElsePDFWonderUndoForge of Empires – Free Online GameChallenge Your Brain With The Best Strategy Game. No install.Forge of Empires – Free Online GameUndoMartha Stewart & Marley SpoonAdvertisement Everything You Need to Cook Restaurant-Quality MealsMartha Stewart & Marley SpoonUndoHealth LivingMom Refuses to Let Daughter Eat Sugar and Years Later This is What She Grows IntoHealth LivingUndo Show Comments ▼ Tags: NULLlast_img read more

Florida man pleads guilty to selling child abuse images online

first_imgPort Charlotte man arrested on 10 counts of child pornography June 4, 2021 JACKSONVILLE, Fla.– An Orange Park man plead guilty to advertising child porn for sale online. According to the Department of Justice, Antony Eugene Woody faces up to 30 years in federal prison followed by a life term of probation. The mandatory minimum Woody could receive is 15 years in prison. According to court documents, the 33-year-old went by the username “imsoofreakyy” to offer child sex abuse photos for sale on the web.In March of 2019, law enforcement executed a search warrant for Woody’s home. While being questioned, he admitted to downloading child sex abuse images from the internet. He labeled the images with prices and his contact information before reposting the for sale on an app. AdvertisementTags: child abuseChild pornographyjacksonville RELATEDTOPICS Missing boy found dead in Jacksonville retention pond June 2, 2021 Florida man throws 2-month-old baby at deputies June 7, 2021 AdvertisementAdditionally, Woody admitted to officials that he would take money using Venmo then refused to send the images. He made $995 in profits from these contraband sales. Lehigh Elementary preschool teacher accused of child abuse won’t renew contract June 16, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 commentsDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 commentslast_img read more

Plans for new Laois fire station put on the back burner

first_img Community Previous articleThe Big Five: Here’s the games worth keeping an eye on this weekendNext articleRemember the Game: Laois minor hurlers do battle with Wexford in 2004 Sean HennessyA former Knockbeg student, and is currently a student in the University of Limerick trying to scrape a BA in History and Politics. A marquee player in the goals for Annanough, but well capable of doing a job in full-forward and has the knack to turn his hand to any sport (except running). Only starting out in his journalistic career but already the specialist farming and property reporter. Happiest when Liverpool and Laois are winning! Ten Laois based players named on Leinster rugby U-18 girls squad WhatsApp Plans for new Laois fire station put on the back burner Pinterest Facebook Five Laois monuments to receive almost €200,000 in government funding TAGSCllr Paschal McEvoyCllr Tom MulhallGraiguecullen Portarlington Municipal DistrictLaois County CouncilMinister Charlie FlanaganStradbally Fire Station The plans for a new fire station to be constructed in Stradbally have been put on hold, despite a site being identified nearly two decades ago.Councillors in the Graiguecullen/Portarlington Municipal District have agreed to now contact Minister for Justice and Laois TD Charlie Flanagan, to urge him to put pressure on the government to provide the urgently needed new station.Councillor Paschal McEvoy raised the matter at last week’s Graiguecullen/Portarlington Municipal District meeting, where he called the Council to apply for funding.He said: “They thought they need a new fire station in Stradbally 18 years ago, but we still have nothing. It disappeared off the capital programme and it hasn’t been seen since.”Stradbally is the second busiest fire station in the county, after Portlaoise and that it is covering a very big rural area, including Athy, Vicarstown, Crettyard, Portlaoise and as far as Carlow, with the station being situated along the N80.Cllr McEvoy also said that the conditions that the firemen are being faced with are terrible, and that it was unfair to these committed and hard-working men.“They love what they do, but they are working in terrible conditions in a small, tight area. They save lives on a daily basis and they need a new station soon.”Laois Chief Fire Officer Declan Power said that the council identified a suitable site in the early 2000s, which was given approval in principal.The plan was then submitted to the government, who replied that the plan would be considered for future capital programmes, but then the recession hit.He then submitted applications for the both Stradbally and Rathdowney to included in the fire service capital programme, but neither made the list, while there was upgrades announced for Mountrath and Mountmellick.Cllr McEvoy proposed that the Councillors write to Minister Flanagan to try and push forward the plans, to which Cllr Tom Mulhall supported as well as the other Councillors in attendance.SEE ALSO – Famous five-star Laois hotel is put on the market RELATED ARTICLESMORE FROM AUTHOR Pinterest WhatsApp By Sean Hennessy – 28th April 2018 Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining Council Home News Council Plans for new Laois fire station put on the back burner NewsCouncil Rugby Facebook Twitter Twitterlast_img read more

Fourth quarter growth may be softer than previously expected: Carney

David Friend TD getting new head of private wealth, financial planning Fed plays limited role in assessing climate risks for banks Related news The country’s economic growth is facing another set of challenges and weakness in exports is weighing particularly heavy on the Bank of Canada’s outlook, governor Mark Carney said Monday. “In the very near term, more of the elements of the downside risk have materialized than the upside risks,” Carney said after a speech to students at the Richard Ivey School of Business in London, Ont. Share this article and your comments with peers on social media Facebook LinkedIn Twitter Keywords Banking industry,  EthicsCompanies Bank of Canada “We’ve dampened our forecast of exports because we’re seeing a competitiveness challenge — a productivity issue. Even with that, the export performance has been lower on average than we have expected.” The country’s central banker made the comments following disappointing economic data last week that showed inflation at its lowest point in more than three years and a holiday shopping season that fell short of expectations. Further signs of weakness are expected in the fourth-quarter and December GDP data that’s due from Statistics Canada on Friday. Consensus expectations are for quarter-over-quarter annualized growth of 0.7%. December GDP is expected to slide 0.1% after a 0.3% climb in November. In its monetary policy review last month, the central bank said the Canadian economy inched along at only one per cent in the last three months of the year. As well, the Bank of Canada downgraded growth expectations for 2012 and 2013 by three-tenths on both counts to 1.9% and 2.0% respectively. The Bank of Canada is expected to update its economic forecast in April. Carney, who said the central bank’s forecast is a little more optimistic than the consensus of private sector economists, explained the economy is in the midst of a rotation from depending on the housing market and debt to stronger business investment and exports. “We have expectations of solid business investment, we stick by those, but maybe a little tougher is on the exports side where we haven’t seen that pickup yet,” he said. “That can induce some choppiness.” He also played down the role of the Canadian dollar, which has slipped below parity this year, as one of the “root causes” of the weakness. “Obviously the level of the currency affects export performance and the pace of imports,” he said. But he added, “We don’t have a view that you depreciate yourself to prosperity.” “The building up of the productive base of the country is what continues to be required, which is another reason why that pickup in investment is important.” The comments came after a speech in which he said it will take more than tough new regulations to restore trust in the banking system in the wake of the financial crisis. In a speech at the business school at Western University, he said the financial reforms by the G20 will go a long way, but will not be enough. “To restore trust in banks and in the broader financial system, global financial institutions need to rediscover their values,” he said. “For companies this responsibility begins with their boards and senior management. They need to define clearly the purpose of their organizations and promote a culture of ethical business throughout them.” Since the financial crisis, several major global banks have faced allegations of manipulating key financial benchmarks, money laundering and unauthorized use of client money. Carney points out that reduced trust in the financial system increases the costs and lowers the availability of borrowing for non-financial companies. “Financial capitalism is not a end in itself, but a means to promote investment, innovation, growth and prosperity. Banking is fundamentally about intermediation — connecting borrowers and savers in the real economy,” he said. The former Goldman Sachs investment banker also heads the Financial Stability Board where he has responsibility for overseeing global financial reforms. He is leaving the Bank of Canada in June to become governor of the Bank of England. In 2011, Carney clashed with JPMorgan Chase head Jamie Dimon in a behind-closed-doors meeting in Washington over the need for stronger regulations in the financial sector. Canadian banks to focus on growth, spending and buybacks after strong second quarter read more

Blockchain company settles with SEC for unregistered ICO

first_imgAbstract bitcoin crypto currency blockchain technology on global world map illustration olgazhurba/123RF James Langton Share this article and your comments with peers on social media Keywords EnforcementCompanies Securities and Exchange Commission “Block.one did not register its ICO as a securities offering pursuant to the federal securities laws, nor did it qualify for or seek an exemption from the registration requirements,” the SEC said.The company consented to the order without admitting or denying the SEC’s findings.The regulator ruled that the company violated federal securities laws and ordered it to pay a US$24 million penalty.“Companies that offer or sell securities to U.S. investors must comply with the securities laws, irrespective of the industry they operate in or the labels they place on the investment products they offer,” said Stephanie Avakian, co-director of the SEC’s division of enforcement.“We are excited to resolve these discussions with the SEC and are committed to ongoing collaboration with regulators and policy makers as the world continues to develop more clarity around compliance frameworks for digital assets,” the company said in a statement. BFI investors plead for firm’s sale Mouth mechanic turned market manipulator A blockchain firm has agreed to pay US$24 million to settle allegations with U.S. regulators that it violated securities rules with an unregistered initial coin offering (ICO).The U.S. Securities and Exchange Commission (SEC) settled charges against the company, Block.one, which raised several billion dollars worth of digital assets through an ICO. Related news PwC alleges deleted emails, unusual transactions in Bridging Finance case Facebook LinkedIn Twitterlast_img read more

Stern Reveals Huge Increase in FTC Activities Last Year

first_imgRelatedStern Reveals Huge Increase in FTC Activities Last Year RelatedStern Reveals Huge Increase in FTC Activities Last Year RelatedStern Reveals Huge Increase in FTC Activities Last Year Stern Reveals Huge Increase in FTC Activities Last Year CommerceJuly 9, 2009center_img FacebookTwitterWhatsAppEmail During fiscal 2008/09, the Fair Trading Commission (FTC) completed 489 investigations into business conducted by local firms.Minister of State in the Ministry of Industry, Investments and Commerce, Hon. Michael Stern, told the House of Representatives on Wednesday (July 8) that this represented a resolution rate of 98.8 per cent between April, 2008 and March, 2009, compared to 38.1 per cent during 2007/08.“During the last financial year, the FTC, in carrying out its role, received 164 new cases. One hundred and six of these cases, or 64.6 per cent, were classified as ‘misleading advertising’ and 20 were classified as ‘offences against competition’,” he explained, as he made his contribution to the 2009/10 Sectoral Debate in the House of Representatives.The Minister also revealed that the majority of the complaints involved major providers of telecommunication services. But, he did not elaborate on the details of the complaints made against these companies, or which ones topped the list. There were also a number of complaints about “marrying of goods,” he also confirmed.He said that institutions such as the FTC were important, as they operate as watchdogs, “and work behind the scene to keep businesses in check, safeguarding consumers’ welfare.”The FTC was established in 1993 to administer the Fair Competition Act (FCA), enacted in March 1993. The Act provides for the maintenance and encouragement of competition in the conduct of trade, business and in the supply of services in Jamaica.The Commission carries out investigations into the conduct of businesses, and seeks to determine whether an enterprise is engaging in business that is contrary to the Act. Advertisementslast_img read more