The Financial Conduct Authority (FCA) has informed the public that it has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days. Financial services firms are required to maintain robust anti-money laundering (AML) systems and controls, since they are at risk from those seeking to…
Read moreThe Financial Markets Authority (FMA) has just issued a warning to a company called Oracle Finance International Inc Limited. The reason the regulator stated the warning is that Oracle Finance International Inc Limited and the following websites are making false claims about being registered in New Zealand when they are not: www.oracle-fx.com http://tg.oracle-fx.com/list-2-1.html http://630264.shop.258.com/ http://www.gq1688.com/index.php?homepage=zj41973…
Read moreOn Tuesday, Deutsche Börse announced changes to its selection indices, which will become effective on 18 June 2018. Scout24 AG, Delivery Hero AG and Puma SE will be included in the MDAX index and will replace the shares of STADA Arzneimittel AG, Krones AG and alstria office REIT-AG. As of 13 July 2018, STADA will…
Read moreEnding one of the longest holdouts in the Retail FX sector, Geneva based broker Dukascopy has announced that it is launching MetaTrader 4 trading for its clients - at this stage for demo trading, but with plans to go live soon. Dukascopy, which reported declining Revenues and a $2.4 million loss in 2017, is one of…
Read moreThe Gibraltar Blockchain Exchange (GBX) has announced its digital asset exchange soft launch, which will see 300 retail account holders, as well as a select number of institutional participants, introduced to the platform during this exclusive early access period. These participants will have access to the full GBX digital asset exchange, serving as the first…
Read moreThe UK Financial Conduct Authority (FCA) has put out details of the cloned firm Primus Forex Financial Group. 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…
Read moreTrunomi, the consent framework and data rights management solution, has announced its official partnership with Shyft, a comprehensive blockchain-based digital ID solution for Know Your Customer (KYC) and Anti Money Laundering (AML) compliance. Together, they plan to leverage Shyft’s blockchain technology with Trunomi’s expertise in consumer consent frameworks to implement an innovative e-ID (electronic ID)…
Read moreOnline gaming and financial trading company Playtech PLC (LON:PTEC) has announced that it has completed the acquisition of 70.6% Italian gaming company Snaitech. Playtech said that it has also separately acquired 9% of Snaitech's issued share capital through market purchases, since the original announcement of the €846 million acquisition was made on April 12, 2018. Therefore,…
Read moreAustralian regulator Australian Securities and Investments Commission (ASIC) has announced earlier today that Australian financial services licensee Allied Financial Solutions Pty Ltd (Allied) will undergo an independent external review of its record keeping, supervision and compliance arrangements following an ASIC surveillance. During a surveillance of an Allied authorised representative, ASIC found that Allied had failed…
Read moreSydney, Australia based boutique prime broker Invast Global has announced that it has signed and issued a Statement of Commitment to the FX Global Code of Conduct. The announcement comes shortly after the firm was officially voted in as an institutional member of the Australian Financial Markets Association (AFMA). The Australian Financial Markets Association (AFMA) was…
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