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  • New Zealald Financial Markets Authority Suspends EncoreFX Licence Following Voluntary Administration

    Date 29/04/2020

    The Financial Markets Authority (FMA) has suspended the derivatives issuer licence of EncoreFX (NZ) Limited after the business was put into voluntary administration by its Canadian parent.


  • ASIC Enforcement Update July To December 2019

    Date 29/04/2020

    ASIC has today released its enforcement update report for the period 1 July 2019 to 31 December 2019.

  • APAC Deal Activity Continues To Show Resilience For Second Consecutive Week Ended 26 April 2020, Finds GlobalData

    Date 29/04/2020

    A total of 345 deals were announced in the Asia-Pacific (APAC) region during the week ended 26 April 2020, an increase of 17.7% over the 293 deals announced during the previous week, according to GlobalData, a leading data and analytics company.

  • Federal Appellate Court Upholds Enforcement Of IRS Summons Seeking Information Concerning Law Firm Clients Involved In Foreign Transactions

    Date 29/04/2020

    On April 24, 2020, a federal appellate court upheld an order enforcing an Internal Revenue Service (IRS) summons directed to the Taylor Lohmeyer Law Firm PLLC, the Department of Justice announced.  The summons directed the law firm to provide information about clients who used the law firm’s services to create and maintain foreign bank accounts and entities.  On appeal, the United States Court of Appeals for the Fifth Circuit upheld the trial court’s enforcement of the summons and rejected the law firm’s “blanket” claim that all responsive materials were protected by the attorney-client privilege.  It explained that revealing the fact that the clients participated in specific types of transactions would not necessarily reveal any confidential communication of legal advice protected by the attorney-client privilege.

  • IMF Executive Board Approves US$65.6 Million In Disbursements To Dominica, Grenada, And St. Lucia To Address COVID-19 Pandemic

    Date 29/04/2020

    • The IMF Executive Board approves three requests from Dominica, Grenada, and St. Lucia for emergency financial assistance to help address the challenges posed by COVID-19.
    • The approval of the Board will make available a combined SDR 48 million (US$65.6 million) in emergency financing to help these three countries deal with the challenges posed by COVID-19.
    • IMF financing support provides resources to the countries’ authorities for essential health-related expenditures and income support to ease the impact of COVID-19 on the population.
    • To address the pandemic, the authorities announced measures to help employees and households, including income support to the unemployed, tax relief, and providing cash transfers to the most vulnerable and affected.
    • Dominica, Grenada, and St. Lucia are members of the Eastern Caribbean Currency Union (ECCU), and the disbursements would support macroeconomic stability and facilitate the subsequent economic recovery of the region.