The Financial Conduct Authority (FCA) has just announced that it has fined Mohammad Ataur Rahman Prodhan, the former Chief Executive Officer of Sonali Bank (UK) Limited (SBUK), £76,400 for being knowingly concerned in a breach by SBUK of its obligations to maintain effective anti-money laundering (AML) systems. This is not the first time the regulator takes action…
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Moscow Exchange (MOEX) has announced that it has added Japanese Yen/Russian Rouble (JPY/RUB) currency pair for trading, alongside US Dollar/Swiss Franc (USD/CHF), US Dollar/Chinese Yuan (USD/CNY), US Dollar/Kazakh Tenge (USD/KZT) and US Dollar/Turkish Lira (USD/TRY) currency pairs. JPY/RUB currency pair will be traded from 10:00-17:45 MSK with same day settlement. The rest of the pairs (USD/CHF, USD/CNY,…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Active Cash UK. 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…
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Tokyo Financial Exchange (TFX) has just released its trading volumes report for the month of November. The total trading volume of FX Daily Futures contracts (Click 365) has dropped a bit from the previous month. The complete report can be seen below: The trading volume of Three-month Euroyen futures was 65,182 ( - 43.1% MoM…
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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 PVP Research. PVP Research is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Don Healthcare CIC is no longer in possible breach of FCA's rules and the regulator has removed the alert from its website. 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 DON Healthcare CIC. DON…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm AON Asset Management. 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…
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The Financial Markets Authority (FMA) has released the findings of its investigation of potential disclosure breaches during the failure of Wynyard Group Limited. the complete text of the regulator's announcement reads as follows: The Financial Markets Authority (FMA) today published the findings of its investigation into Wynyard Group Limited’s (Wynyard) compliance with continuous disclosure and fair dealing…
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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 VIP Crypto / Cryptonix Team. VIP Crypto / Cryptonix Team is not authorised by the FCA but has been targeting people in the UK and is…
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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 Arc Protection Limited. Arc Protection Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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