July 19, 2022 BY Steffy Bogdanova

New Zealand FMA censures Western Union for licence breaches

However, the regulator clarified that it is not sufficient for derivatives issuers to prove they can meet the provisions of their license, they should maintain the NTA requirements. Greig added: Western Union’s contraventions left open the possibility of client harm and loss, and its continued entry into transactions that gave rise to further liabilities increased…

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Hong Kong regulator SFC
July 19, 2022 BY Steffy Bogdanova

HK SFC bans former Standard Chartered Bank exec for three years

Afterwards, Lam transfered these amounts from the payroll accounts back into his mother’s personal bank account without the knowledge or authorisation of the five customers. According to the financial markets regulator, Lam’s mother aimed to improve his performance at SCB. As a result, the bank gave Lam $4,520 as additional quarterly incentive after including in…

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July 19, 2022 BY Steffy Bogdanova

TraderCryptoX offering now includes 60 cryptos

Spread out the eggs Risk is present in every type of financial instrument. However, the risk factor is more meaningful for crypto trading because of the nature of these assets. Learning how to navigate through it properly can help investors benefit from crypto trading’s potential. Geitner added: It is well known that when risk is…

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July 18, 2022 BY Steffy Bogdanova

Coinbase secures crypto licence in Italy

Nana Murugesan, Vice President, International and Business Development, said: Building a constructive relationship with regulators in every jurisdiction in which we operate is incredibly important as we march toward our mission of increasing economic freedom in every corner of the world. Gaining this regulatory approval is a testament to our close collaboration and positive working…

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July 18, 2022 BY Steffy Bogdanova

ACY Securities opens new office in Melbourne, shares plans for IPO

Additionally, the company also revealed its plans for consolidation of ACY Securities, the financial services arm, and Zerologix, the sister technology arm of the ACY Group to form ACYLogix Pty Ltd, a new holding company. Jimmy Ye, Chief Executive Officer at ACY Securities said: Once the consolidation has been successfully executed, PWC will then formally…

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July 18, 2022 BY Steffy Bogdanova

FXCM appoints Paul Gyles as chief marketing officer

Brendan Callan, CEO of FXCM, said: Paul has broad marketing and management experience and a proven track record in high paced financial services and technology environments, so we’re delighted to have him join the FXCM team. It’s an exciting time for FXCM and we’re confident Paul’s wealth of experience and expertise will prove invaluable in…

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