ASIC urges financial advisers to ensure registration by the end of 2018 LeapRate

LeapRate interview: Defense against toxic flow, Jeff Wilkins speaks

November 26, 2018 BY Valentina Kirilova

ASIC urges financial advisers to ensure registration by the end of 2018

The Australian Securities and Investments Commission (ASIC) has reminded financial advisers, who are currently authorised, to make sure that they are on ASIC’s Financial Advisers Register no later than 31 December 2018, before new professional standards requirements take effect. Professional standards reforms for financial advisers were introduced in March 2017 to raise the education, training…

November 26, 2018 BY Valentina Kirilova

Worldpay and Paysafe to deliver end-to-end payments experience to U.S. iGaming and sports betting markets

Global payment technology providers Worldpay, Inc. (NYSE:WP) and payments provider Paysafe Group (LON:PAYS) have just announced a new strategic partnership, with sights set on establishing a standard in iGaming and Sports Betting digital payments acceptance and security in the United States (U.S.). The partnership will enable seamless transactions, reduce operating costs and allow universal payment…

November 26, 2018 BY Valentina Kirilova

FCA warns against Polarity Index / Polarity Index Wealth Management

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Polarity Index / Polarity Index Wealth Management. Polarity Index / Polarity Index Wealth Management is not authorised by the FCA but has been targeting people in…

November 26, 2018 BY Valentina Kirilova

MOEX signs MoU with China International Capital Corporation

Moscow Exchange (MOEX) has announced that it has signed a Memorandum of Understanding with China International Capital Corporation (CICC), one of the largest investment banks in China. The agreement happened last Friday and aims to strengthen cooperation between Russia and China to promote investment and develop the offshore Chinese yuan market in Russia. The MoU…

XEM token just listed on Gibraltar Blockchain Exchange

November 26, 2018 BY Valentina Kirilova

GBX granted full license as a DLT provider

The Gibraltar Blockchain Exchange (GBX), a subsidiary of the Gibraltar Stock Exchange Group (GSX Group), and a Digital Asset Exchange, has announced that it has been granted a full license as a provider of Distributed Ledger Technology (DLT) from the Gibraltar Financial Services Commission (GFSC) under Gibraltar’s Financial Services Regulations 2018 DLT framework. The granting…

November 22, 2018 BY Valentina Kirilova

FCA warns against Haig, Lafferty & Partners

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Haig, Lafferty & Partners. Haig, Lafferty & Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying…

ASIC applauds the enactment of stronger whistleblowing laws

November 22, 2018 BY Valentina Kirilova

Danske Bank money-laundering whistleblower’s attorney to testify before European Parliament

The attorney for Danske Bank money-laundering whistleblower Howard Wilkinson has been invited to testify before the European Parliament’s Special Committee on Financial crimes, Tax Evasion and Tax Avoidance in Brussels, Belgium as an expert witness on whistleblower rights. Wilkinson, a former employee at Danske Bank’s Estonia office, uncovered a massive money-laundering scandal involving billions of…

November 22, 2018 BY Valentina Kirilova

Refinitiv expands data partnership with National University of Singapore

Refinitiv, formerly the Financial and Risk business of Thomson Reuters (NYSE:TRI), has announced that it is expanding its partnership with the National University of Singapore to launch a new service which see’s the NUS Risk Management Institute – Credit Research Initiative (CRI) provide specialist credit risk and default data through Refinitiv’s flagship data and information platforms, Eikon…

November 22, 2018 BY Valentina Kirilova

FCA warns against BlackRock Alliance LP clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm BlackRock Alliance LP. 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 tactics…

November 22, 2018 BY Valentina Kirilova

State One Stockbroking to pay $500,000, failed to comply with market integrity rules

The Federal Court has ordered State One Stockbroking Limited (State One) to pay penalties totalling $350,000 after the company failed to comply with ASIC’s Market Integrity Rules (MIRs). The Court found State One contravened the Corporations Act 2001 by failing to comply with two of the ASIC Market Integrity Rules (ASX Market) 2010. The Court…