Sentences with phrase «financial penalties of»

On 9 February 2017 the PRA issued its Final Notice in respect of its investigation against The Bank of Tokyo - Mitsubishi UFJ Limited («BTMU») and MUFG Securities EMEA plc («MUS (EMEA)») which imposed financial penalties of # 17.85 m against BTMU and a fine of # 8.925 m against MUS (EMEA) for failing to be open and cooperative with the PRA in relation to enforcement action into BTMU by the New York Department of Financial Services («DFS»).

Like the FCA, the ICO will have wide - ranging investigatory powers to eg, call for information about cyber attacks and breaches, as well as far - reaching enforcement powers including warnings, reprimands, prohibitions, suspensions and financial penalties of up to $ 10m or 2 % of a firm's worldwide annual turnover for systems and controls breaches.

Historically, the ICO's enforcement powers have been limited to maximum financial penalties of # 500,000 (see Talk Talk, Sep. 2016).

Other states have laws that protect parents» right to opt their children out or refuse high - stakes standardized testing and no federal financial penalties of any sort have been imposed on schools in those states as a result of these laws.

Pharmaceutical manufacturers are under immense pressure to protect consumers and patients from incorrectly manufactured drugs, medicines and medical devices, as well as protect themselves from the severe legal and financial penalties of supplying faulty products.

The contract gives Mr. Trump the right to seek financial penalties of more than $ 1 million in arbitration should Ms. Clifford break or threaten to break her agreement to stay silent.

And after all that, if you return to work, you will likely pay hefty childcare costs and if you don't, you will face the financial penalty of losing that second income.

The Elephant Protection Act that Cuomo signed carries a financial penalty of up to $ 1,000 for violations.

The pension forfeiture portion of the bill would apply to all public employees who are sworn in subsequent to the bill's enactment — they would also be subject to the hefty financial penalty of up to twice the sum they unlawfully collected.

A non-serious violation can still cause a financial penalty of up to $ 1,000, but the inspector has the ability to assess no penalty at all, depending on the company's record and other violations.18 A serious violation can cost a company $ 1,500 to $ 7,000.

Tesco has agreed in principle to pay a financial penalty of nearly # 129m plus costs as part of a potential deferred prosecution agreement (DPA), the Serious Fraud Office (SFO) has confirmed.

Representing a government body in a prosecution involving a local landowner who had damaged a site of Special Scientific Interest - The Court imposed a total financial penalty of almost # 1,000,000 on the defendant.

In August 2010, Toronto City Council passed a motion without debate that imposed a financial penalty of $ 3,150 against Mr. Ford for allegedly breaching the Toronto Code of Conduct that governs Councillors, a Code adopted in 2006.

Traffic school can reduce the financial penalty of a ticket, and remove from your record, as explained below.

Not exact matches

Financial consequences include penalties which have «tripled, quadrupled» since the enactment of the Affordable Care Act.

The company had to halt operations on Feb. 10 after it was hit with financial penalties for operating as an Internet - based tech platform rather than as a transportation company, which Taiwanese authorities have said was a misrepresentation of its business.

Vladeck, the Georgetown professor, see he expects «some sort of an agreement between the FTC and Facebook which will call for very serious financial civil penalties, and a new consent decree that will ratchet up the restrictions on the way Facebook gathers information.»

For example, health care providers now face financial penalties if patients are re-admitted to hospital within 30 days of discharge.

The country's Financial Services Commission (FSC) said Friday that it was banning all ICOs in the country, with a threat of «stern penalties» for those who continue with the fundraising method.

But don't think $ 5 billion is the total penalties Goldman has accumulated as a result of the financial crisis.

The bank in its fourth quarter of 2017 also set aside a reported # 746 million for additional potential legal penalties over a personal protection insurance (PPI) mis - selling scandal, and the U.K.'s Financial Conduct Authority has set an August deadline for the PPI claims.

Several of those groups, including the National Restaurant Association, the Retail Industry Leaders Association and the Food Marketing Institute, had been fighting hard for what they referred to as «transition relief,» extra time for companies that must provide health insurance to their workers under the new law to implement the changes without having to fear financial penalties for not doing so properly.

Included in the IDA's proposal was a requirement for CEOs and CFOs to personally sign off on company financial statements, and «increase the penalties of criminal liability and obstruction of justice» for securities fraud.

Teams that don't comply with the rule face financial penalties, says Robert Gulliver, the chief HR officer of the NFL.

Because of the severe financial penalties, withdrawing money early from retirement accounts should only be done in an extreme emergency, ideally after any emergency funds and investments have been depleted.

That penalty is enough to negate the other financial benefits of a 401 (k), so any money you'd like to have ready access to should be saved somewhere else.

The Maryland attorney general's office ordered Towson - based High Point Wealth Management to halt a business it runs from the former offices of a financial management company that faced penalties last year for fraudulently misrepresenting investment risks...

The accountability in Australia is, in this regard, less formalised, with the penalties being imposed via financial markets, the parliamentary testimonies and through loss of reputation.

Aso declined to comment when asked if Toshiba would face any kind of financial penalty.

If the sales chump (er, I mean «licensed professional financial adviser») can't give you a complete and total rundown of every fee (expense, charge, penalty, cost or whatever other lame - ass euphemism he wants to use), run away and invest in a Vanguard index fund — just compare the expense ratio.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevaFinancial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevafinancial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

According to Le Monde, France's State Council of taxation has announced a severe lowering of financial penalties on gains from cryptocurrencies such as bitcoin.

If you need to withdraw from your CD before it reaches maturity, you may experience a financial penalty and forfeit several months of earned interest.

The Enrollment Program also authorizes a superior court to have jurisdiction over enrollees by allowing it to «appoint a receiver, monitor, conservator, or other designated fiduciary or officer of the court for a defendant or the defendant's assets,» as well as authorizes the Commissioner of Business Oversight to «include in civil actions claims for ancillary relief, including restitution and disgorgement, on behalf of a person injured, as well as attorney's fees and costs, and civil penalties of up to $ 25,000» for up to four years after the purported violation occurred and «refer evidence regarding violations of the bill's provisions to the Attorney General, the Financial Crimes Enforcement Network of the United States Department of the Treasury, or the district attorney of the county in which the violation occurred, who would be authorized, with or without this type of a reference, to institute appropriate proceedings.»

If rules of origin changes take place, you may need to change the way your goods are sourced or where they are created to avoid substantial financial penalties.

Late penalties, fees and time spent sifting through disorganized financial records are just a few of the ways that taxes can directly or indirectly put a drain on profitability.

In «Comparing Nest Eggs: How CPP Reform Affects Retirement Choices,» authors Alexandre Laurin, Kevin Milligan and Tammy Schirle find that once the interaction of these age - based CPP adjustments with the tax system is taken into account, some lower - income Canadians will still have financial incentive to retire early, because they face penalties if they don't.

«The CFPB [Consumer Financial Protection Bureau] and OCC [Office of the Comptroller of the Currency] have collectively offered to resolve for an aggregate of $ 1bn in civil money penalties,» the bank said.

The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney's Office for the Northern District of California (USAO - NDCA), assessed a $ 700,000 civil money penalty recently against Ripple Labs Inc. and its whollyowned subsidiary, XRP II, LLC (formerly known as XRP Fund II, LLC).

5 Under the terms of settlement, the defendants agreed to cease and desist from violating the CEA and CFTC regulations, however, no financial penalty was imposed.

Additionally, any withdrawal from a retirement account requires careful planning in order to understand the impact of penalties, fees, taxes and the impact on financial aid (since a withdrawal may be considered income).

Everyone hopes to avoid landing in a situation of financial hardship, but if the situation does arise, you may be able to access your funds (early withdrawal penalties may still apply).

One of the mysteries surrounding the upcoming presidential inauguration is that of why the various celebrities who have refused to perform for the Commander in Chief have not been subject to the same brutal legal and financial penalties as those humble small business owners who have declined to bake cakes for gay weddings.

New Testament Scholars tell us that there are only three historical facts that we can be certain of about Jesus: (a) Jesus was part of the Kingdom of God movement, the belief in the divine sovereignty of Israel, and the desire for the divine expulsion of the Romans, (b) when Jesus came to Jerusalem to advance this movement, he was crucified, a penalty reserved specifically for those who posed a political or financial threat to the Roman Peace, and (c) a sect of the Kingdom of God movement continued in Jesus» name and memory, which was active in Jerusalem, and which lasted until 70 CE when the city was sacked and all the many different Zealot sects there were put down.

It ruled that officers, directors and auditors of publicly traded companies must tale new responsibility for the accuracy of the companies» financial reports and face stiff penalties for failing to do so.

So it is a case of agreeing to disagree and of seeking to reduce conflict by allowing educators to create distinctive schools and allowing parents to choose among those schools without financial penalty.

While most organizations will tout the body of research highlighting the effectiveness of employing financial incentives and penalties for inducing weight - loss, dig a little deeper to understand the background of those designing and contributing to the actual weight - loss programming.

It has also vowed to remove cancellation penalties on full - supply agreements with bottling plants, and boost the transparency of its audits and financial disclosure, it added.

The Productivity Commission reviewed the NCP in 2005, noting that monetary incentives were a significant part of the success of the reforms, and recommending future use of financial incentives and penalty provisions, where appropriate.

Dairy group Lactalis McLelland will face a reduced financial penalty from the Office of Fair Trading (OFT) after accepting responsibility for its role in the alleged price fixing of cheeses in the UK.