During their monthly meetings, Curiel would ask Franco to sign documents in English that Franco could not understand, including an International Swaps and Derivatives Association agreement that facilitated the foreign exchange and option transactions, the complaint alleges.
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In its latest 10Q, the company did disclose that it's received a subpoena from the Securities And Exchange Commission relating to its stock and transactions.
Both tax pros and financial service firms expect the new 1099-B, Proceeds From Broker and Barter Exchange Transactions, to cause mass confusion.
Install 100 million phones and the network becomes a powerful tool for economic growth, as people gain the ability to instantly exchange ideas and engage in transactions that previously were constrained by the laws of time and space.
Given the ambit that the FCPA covers, both U.S. and foreign companies listed on a U.S. stock exchange, and the number of individual transactions engaged in by businesses, one might expect the number to be much higher.
These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud.
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These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, indebtedness, inventory, government regulation and taxation, payments and fraud.
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Desperate for hard currency, the government imposed curbs on imports and foreign-exchange transactions.
That free ride is over now: Banks have extended currency exchange fees and usage fees to transactions made in foreign countries.
When times were good, there was enough money sloshing around to fuel equity markets (Hong Kong's strength) and foreign-exchange transactions (Singapore's forte).
Operating out of storefronts or temporary locations like trailers, they provide currency exchange and money transmissions, and act as brokers for financial transactions.
This is a flow variable and so should largely exclude currency valuation effects, but the drawback is that it will usually overstate the amount of official FX intervention as it includes monthly foreign exchange transactions by the PBoC and commercial banks.
The number of transactions decreased and the exchange rate plummeted.
For example, the "Big Bang" financial deregulations include liberalizing foreign-exchange transactions, lowering securities trading costs and opening securities underwriting and investment-trust management to new players.
In a move that signals the Obama administration may be getting more serious about cleaning up graft in Afghanistan, the U.S. government on Friday targeted prominent Afghan bankers who have long been suspected of ties to corruption and the Taliban, imposing financial sanctions against them and a money exchange business because they facilitated billions of dollars in transactions for two drug organizations.
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Banks will still be able to trade swaps to hedge risk and trade interest rate or foreign exchange swaps, but dealing in riskier swaps transactions must still be moved into affiliates.
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The watchdog is calling for a simplification of charging structures for using cards overseas, cash withdrawal fees for UK transactions to reflect the costs of processing, and clearer explanations of exchange rates after all fees are added.
Since the mechanism of a currency transactions levy is supposed to be based on taxing the net position of foreign exchange transactions, it could represent a restriction of the free movement of capital and payments (Article 63 TFEU).
The Securities and Exchange Commission's investigation into Lehman's collapse is focusing on Repo 105 transactions, said people familiar with the matter.
But under U.S. law, a banker can't advertise securities products or take orders on transactions from U.S. clients without being registered with the Securities and Exchange Commission.
These days Goldman's trading arm is the technology and volume leader at the New York Stock Exchange, where it executes 70% of the transactions electronically, versus less than half of trading for its rivals.
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