Category: Financial Services

FINMA finds deficiencies in anti-money laundering processes at Credit Suisse
September 17, 2018 BY Valentina Kirilova

FINMA finds deficiencies in anti-money laundering processes at Credit Suisse

The Swiss Financial Market Supervisory Authority FINMA has announced that it has concluded two enforcement procedures against Credit Suisse AG (NYSE:CS). In the first procedure, FINMA identified deficiencies in the bank’s adherence to anti-money laundering due diligence obligations in relation to suspected corruption involving the International Federation of Association Football FIFA, the Brazilian oil corporation…

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asic bans
September 17, 2018 BY Valentina Kirilova

ASIC permanently bans unlicensed financial adviser

Australian regulator ASIC has announced that the unlicensed financial adviser, Mr Senen Pousa, has been permanently banned from providing financial services or engaging in credit activity. Mr Pousa, the former director of Investment Intelligence Corporation Pty Ltd (IIC) was banned after engaging in unlicensed financial advice. Through IIC, Mr Pousa had advised clients to invest…

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fca warning
September 14, 2018 BY Valentina Kirilova

FCA warns against InstaFX24 firm

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 InstaFX24. InstaFX24 is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…

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fca warning clone firm
September 14, 2018 BY Valentina Kirilova

FCA warns against UK Insurance clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm UK Insurance. 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 to…

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Euronext
September 14, 2018 BY Valentina Kirilova

Euronext announces annual review results of the CAC family indices

Pan-European exchange operator Euronext has announced the results of the annual review of the CAC® family indices. The changes following the review will be effective from Monday 24 September 2018. Results of the Annual Review CAC 40® Index: Inclusion of: Exclusion of: Dassault Systemes Solvay In accordance with section 5 of the rules. CAC® Next…

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cysec cif license
September 14, 2018 BY Valentina Kirilova

CySEC withdraws CIF license of Gobaba FX Cy Ltd

Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) has made another announcement today regarding the withdrawal of the CIF license of a company called Gobaba FX Cy Ltd. The complete text of the regulator’s decision can be seen below: Announcement date: 13.09.2018 CySEC Decision date: 10.09.2018 Regarding: Gobaba FX Cy Ltd Legislation: The Investment…

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Regulation
September 14, 2018 BY Valentina Kirilova

ASIC commences civil penalty proceedings against ANZ

Australian regulator ASIC has today commenced civil penalty proceedings in the Federal Court of Australia against Australia and New Zealand Banking Group Limited (ANZ) for an alleged continuous disclosure breach in relation to a $2.5 billion institutional share placement undertaken by the ANZ in 2015. On 6 August 2015, ANZ issued a release to the…

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FCA warning
September 14, 2018 BY Valentina Kirilova

FCA warns against Manaia and Partners firm

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 Manaia and Partners. The Financial Markets Authority (FMA) has already issued a warning to the same company earlier this year. Manaia and Partners is not authorised…

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Nasdaq Copenhagen Improves Small Cap Market Access For Non-Nordic Trading Members
September 14, 2018 BY Valentina Kirilova

Nasdaq Stockholm fines Oscar Properties Holding AB SEK 410,000

The Disciplinary Committee of Nasdaq Stockholm has found that Oscar Properties Holding AB (“Oscar Properties” or the “Company”) has breached Nasdaq Stockholm’s Rule Book for Issuers (the “Rule Book”) and, accordingly, has imposed a fine on Oscar Properties amounting to two annual fees, corresponding to an amount of SEK 410,000. The Disciplinary Committee has found…

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