The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Purple Bridge Services Limited. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…
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The Australian Securities and Investments Commission (ASIC) has just informed the public that it has cancelled the Australian Financial Services (AFS) license of NSW Independent Insurance Brokers Pty Ltd after finding it has ceased to carry on a financial services business. NSW Independent Insurance Brokers’ AFS license cancellation became effective on 19 July 2018. ASIC…
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SharesPost, a provider of private company liquidity solutions and private capital markets research, has announced a new partnership with Lightyear.io, a software company that develops applications and infrastructure for the Stellar ecosystem. The partnership entails adding the Stellar Decentralized Exchange, a decentralized digital asset exchange, to SharesPost’s Global Liquidity and Settlement System (GLASS) as an…
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Clearstream, the international central securities depository (ICSD) of Deutsche Börse Group, has just announced that it expands its international coverage by opening a new domestic link to Kazakhstan on 30 July 2018. The link will help foreign investors to access the local market and enables Clearstream to offer Kazakhstan government bonds and National Bank notes.…
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As the world marks a day against trafficking in persons, Rani’s Voice, a global social enterprise focused on human trafficking prevention, announced that it is joining forces with information giant Thomson Reuters (NYSE:TRI) in a public-private coalition, to help step-up the fight against financial crime and modern slavery. Human trafficking and other financial crimes have…
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The Board of the International Organization of Securities Commissions (IOSCO) today published eight recommendations to assist trading venues and regulatory authorities in the implementation of mechanisms to manage extreme volatility and preserve orderly trading. IOSCO is the leading international policy forum for securities regulators and is recognized as the global standard setter for securities regulation.…
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bitJob, the peer-to-peer employment marketplace for students, introduces social mining by integrating blockchain technology with word of mouth referrals to create a seamless online job fair for networking and referrals. BitJob has created a decentralized tool and digital networking system where freelancers and students can earn rewards/money/coins for tagging and recommending friends and classmates for…
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Australian regulator ASIC has released a suite of seven new and updated regulatory guides to provide comprehensive guidance to the funds management industry. The guidance has been updated for changes arising from the Asia Region Funds Passport and brings all of ASIC's funds management policies up to date to help promote industry-wide consistency. The updates…
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Abu Dhabi based financial services company ADSS - which recently rebranded from ADS Securities - has announced that it is strengthening its legal team as further international regulations come into force. The company said that the firm's commitment to good governance and compliance across all the jurisdictions in which it operates is an essential part of…
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The Financial Conduct Authority (FCA) has just informed the public that it is consulting on rules and guidance to improve conduct standards and communications in the payment services and e-money sectors. The Consultation Paper proposes to extend the application of the Principles for Businesses and certain specific rules about promotions and communications so that they…
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