Financial transaction

Three financial institutions sanctioned for flouting customer due diligence protocols – Business News

People’s Merchant Finance, Ideal Finance and Seylan Bank sentenced to a cumulative fine of Rs. 2mn The Central Bank of Sri Lanka (CBSL) added to the Consolidated Fund a sum of Rs 2 million during the third quarter, which was collected by imposing penalties on three financial institutions for failing to comply with the law […]

Financial transaction

“The ultimate benchmark is – will countries do enough? “: Expectations for COP26

November 1, 2021 COP26, the international climate negotiations currently taking place in Glasgow, officially kicked off with speeches by world leaders at the opening ceremony. We’ll bring you the voices on the ground over the next couple of weeks – but before we send you coverage on the protests and actions as they unfold, we’ve […]

Financial transaction

[Newsmaker] Kospi’s average daily trading volume hits year-old low in October

South Korea’s main stock market saw its trading volume hit its lowest level in a year this month, data showed on Sunday, amid market instability ahead of central bank monetary policy meetings here and in the United States. The Kospi’s average daily trading volume was 11.75 trillion won ($ 10 billion) in October, the lowest […]

Financial transaction

UK Treasury Launches ‘Buy Now, Pay Later’ Financing Regulation Consultation | Skadden, Arps, Slate, Meagher & Flom LLP

[co-author: Harry Smouha] On October 21, 2021, the UK Treasury issued a consultation document defining policy options for the regulation of “buy now, pay later” (BNPL) credit agreements. The consultation follows the publication of the Woolard Reviews in February 2021, which made several recommendations aimed at addressing the regulatory gaps in the UK consumer credit […]

Financial transaction

Elite Capital & Co. registers the “Government Future Financing 2030 Program” as an official mark of UK finance

Elite Capital & Co. registers the “Government Future Financing 2030 Program” as an official mark of UK finance Élite Capital & Cie – Logo LONDON, UNITED KINGDOM, October 27, 2021 /EINPresswire.com/ – Dr. Faisal Khazaal, Chairman of Elite Capital & Co. Limited, today announced that October 15, 2021 is an important day for Elite Capital […]

Financial transaction

8 Kg of gold worth over Rs 4 Crore, Rs 75 lakh in cash seized from a trader in Ganja in Odisha

A police team apprehended Rajanikanta Patnaik while he was smuggling ganja. (Image: News18) Police also seized 34 kg of ganja and 10 kg of opium in the possession of Rajanikanta Patnaik. News18 Bhubaneswar Last update:23 October 2021, 21:29 IST FOLLOW US ON: Ganjam police arrested a trader in Ganja and seized 8.5 kg of gold […]

Financial transaction

KBRA assigns preliminary ratings to Mariner Finance Issuance Trust 2021-B

NEW YORK–(COMMERCIAL THREAD) – Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five categories of notes issued by Mariner Finance Issuance Trust 2021-B (MFIT 2021-B), an asset-backed personal securities lending transaction. MFIT 2021-B will issue five classes of notes totaling $ 325 million. The Notes are secured by approximately $ 361 million of secured […]

Financial transaction

Labuan FSA obliges industry players to comply with global AML / CFT standards

LABUAN: The Labuan Financial Services Authority (Labuan FSA) has forced financial sector players to comply with global anti-money laundering and terrorist financing (LAB / CFT) standards. It issued guidelines applicable to Labuan’s reporting institutions to ensure that transactions made by clients were legitimate financial transactions. Labuan FSA Managing Director Nik Mohamed Din Nik Musa (pix) […]

Financial transaction

JoJoPay partners with ECPay; allows 7-Eleven cashout – Manila Bulletin

JojoPay x 7-Eleven x ECpay JoJoPay fintech solution partners with Electronic Commerce Philippines, Inc. (ECPay) to enable cash transactions through ECPay and 7-Eleven branches across the Philippines. The partnership aims to revitalize the digital economy by making secure, instant and hassle-free payments a reality. JoJoPay is the first fiat payment platform on the blockchain. Through […]