April 12, 2017 BY Valentina Kirilova

SFC reprimands and fines iSTAR International Futures Co. Limited $3 million over anti-money laundering

The Securities and Futures Commission (SFC) has reprimanded iSTAR International Futures Co. Limited, now known as Rifa Futures Limited, and fined it $3 million over failures to comply with anti-money laundering regulatory requirements when processing third party fund transfers. An SFC investigation found that between January and July 2014, Rifa took insufficient steps to mitigate…

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April 12, 2017 BY Valentina Kirilova

CySEC suggests possible Brexit impact on the activities and services of Cyprus Investment Firms

The Cyprus Securities and Exchange Commission (CySEC) requested the Cyprus Investment Firms (CIFs) to report to CySEC on the likely implications that Brexit will have on their activities and services, including any suggestions for adopting immediate measures to eliminate their respective impact. CIFs are therefore advised to look at their business model structure, services and…

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April 12, 2017 BY Valentina Kirilova

Clearstream offers a new settlement solution for German debt

Clearstream announced that is offering a new settlement solution for German debt, for customers who are clearing member firms, clearing Bunds and German repos through LCH SA. Such transactions will be able to be settled in customers' Clearstream Banking Luxembourg (CBL) account, in addition to the Clearstream Banking Frankfurt (CBF) setup as an existing settlement…

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April 12, 2017 BY Valentina Kirilova

Broadridge, J.P. Morgan, Northern Trust and Banco Santander complete pilot of blockchain-based proxy vote solution

Financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR), J.P. Morgan, Northern Trust and Banco Santander today announced the successful completion of a pilot which employs a blockchain technology to enhance global proxy vote transparency and analytics. The pilot, Broadridge’s first application of blockchain technology, provides transparency by adapting distributed ledger technology capabilities to provide daily…

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forex customer complaint
April 12, 2017 BY LeapRate Staff

CySEC requires more disclosure from Forex brokers on Customer Complaints

Cyprus financial regulator CySEC has announced new disclosure requirements targeted at CIF licensed Forex and Binary Options brokers regarding customer complaints. In its efforts to clean up the sector and beef up its image, dealing promptly and effectively with customer complaints seems to be one of the regulator's main focal points. While CySEC has already required…

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April 12, 2017 BY Valentina Kirilova

Belize regulator IFSC warns against forex broker Tradeex Ltd.

Belize financial regulator IFSC (International Financial Services Commission) has issued a warning regarding retail forex brokerage firm Tradeex Ltd. IFSC announced that it has come to its notice that an entity calling itself ‘Tradeex Ltd.’ is falsely and fraudulently claiming to be an International Business Company registered in Belize. The Certificate of Incorporation No.147,333 carrying its…

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April 12, 2017 BY LeapRate Staff

Social trading network FX Junction updates performance stats based on Time Weighted Rate of Return

FX Junction, a leading open social trading network for Forex traders, has announced the release of new and improved performance statistics. The FX Junction performance module has been completely rewritten and improved based on your its members' feedback. Most notably, the performance is now based on the true Time Weighted Rate of Return (TWRR), which is…

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