The regulator detailed that in one case, Gatehouse Bank once opened an account fora Kuwait-based company for aggregating customer funds. The bank did not require the collection of crucial information including customers’ source of funds or wealth. During a two year period, the bank ended up receiving $62 million in deposits from customers without performing…
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According to the CySEC website, GCB operates the following approved domains: www.gcb.com.cy and www.t1markets.com. GCB and CySEC have reached a settlement for the amount of €120.000, the official announcement stated. The commission noted that the decision was reached on 19 September 2022. Earlier in October, CySEC revealed that it has decided to withdraw the CIF…
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The scheme According to the CFTC, the fraudulent scheme began in August 2014 when Hewko and MPC began seeking investments into a pooled investment vehicle operated by MPC and marketed to prospective investors as the Global Opportunity Fund (Fund). The regulator detailed that over $1.1 million were collected from the investors from September 2014 to…
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The interface "wizard" Capitalise.ai allows traders with FOREX.com trading accounts to create trading strategies or alerts, automatically executable with no-code through free-style English text input tool. The automated trading plans can feature up to hundreds of entry or exit conditions. Capitalise.ai algorithm trading relies on artificial intelligence and machine and is available to all traders,…
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On the other hand, should US inflation surprise to the upside, the Federal Reserve will be unlikely to deviate from its current path of hiking rates and reducing the balance sheet, in which case further dollar gains can be expected. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do…
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The new version of the payment solution is currently offered without the minimum monthly fee for all clients who join until the end of the year. There two variants of the solution – a crypto wallet managed by the provider’s team and a self-managed solution with the client’s sole control over the wallet. The official…
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Crypto investments The German-headquartered company ventured into the crypto industry with its crypto exchange launched in the beginning of the year, NAGAX. NAGA Group’s crypto arm has signed a letter of intent with FOSUN group-owned Brazilian digital asset management platform, Guide Investimentos, to launch a joint venture. The two companies are planning to offer a…
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Blackledge continued to say: We cater for professional traders and brokerages of all sizes, with different requirements and objectives. To meet these needs, we have developed a long list of crypto products to make our offering as versatile and appealing as possible especially in these volatile times that digital currencies are going through. The FCA-regulated…
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The UK government’s plans for an unfunded fiscal expansion is seen by most as an unorthodox and risky move. Therefore, it is likely to continue to cast a shadow over the country’s economic stability, keeping the pound under pressure. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not…
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The forex scheme According to the CFTC, the fraudulent scheme ran from October 2019 to June 2021. The operators used different websites and social media platforms to advertise their forex trading pool “The Black Club” and “The Forex Savings Club.” They were marketed as a version of a savings account that offered a greater yield…
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