Tag: EY
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German Regulator Imposed Penalties On Auditor EY For Wirecard Scandal!
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The German subsidiary of the big four auditing firm EY must wait to undertake new audit mandates with public interest groups for two years. In addition, the state supervisory authority APAS imposed fined for EY and involved auditors.
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German EY To Cut 40 Partners And 380 Full-Time Jobs!
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The audit and consulting firm EY, which hit the headlines because of the Wirecard scandal, want to part with 40 of its 800 partners and hundreds of employees in Germany. At the same time, it intends to hire 2000 new employees. According to the Financial Times, most of the 40…
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Whistleblowers Blacken Swiss FinTech And EY
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Whistleblowers have made serious allegations against Leonteq. In addition, EY’s auditors are said to have preferred not to look too closely at the long-standing client. Whistleblowers say EY has downplayed suspicions of money laundering and tax evasion in an investigation of its long-standing client Leonteq, the Financial Times (FT) reported.
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EY Survey Finds Striking Gender Gap In UK Fintech Sector!
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The survey “Changing the face of U.K. FinTech: focusing on gender diversity and equality” conducted by EY and Innovate Finance found that 45% of female FinTech founders feel able to raise equity capital, compared to 62% of men. 63% of female respondents believe their gender has influenced how they are…
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Court Rules That Maltese FIAU Imposed Excessive Fine On Collapsed Satabank
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A fine imposed on the collapsed Bulgarian-owned laundromat Satabank plc by Malta’s Financial Intelligence Analysis Unit (FIAU) has been slashed from €327,500 to €68,000 after the bank appealed the penalty. The FIAU announced that a fine they had issued against the bank in October 2018 had been reduced by the…