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 ACV Operations S.R.L. ACV Operations S.R.L is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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The Board of the International Organization of Securities Commissions (IOSCO) informed the public that it has published today a report that examines the growing vulnerability of ageing investors to financial fraud and other risks and identifies sound practices for enhancing their protection. The report Senior Investor Vulnerability reveals that seniors are at a higher risk…
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The Dubai Financial Market (DFM) announced that it has launched an innovative Dividend Distribution System (DDS). The new system enables the DFM to distribute the dividends to investors’ bank account or iVESTOR card account without any human intervention. This streamlined process hugely contributes in implementing the distribution process swiftly based on a comprehensive and continuously…
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Israel based crowdfunding company OurCrowd has announced the hiring of Goldman Sachs alternative investments banker Lina White as the head of its newly opened London office - its tenth dedicated location worldwide. The new London office will support OurCrowd’s growing community of UK investors interested in funding early stage high-growth companies. With a current reach of…
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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 Plusoption. Plusoption 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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Malta financial regulator the Malta Financial Services Authority (MFSA) has issued a warning, stating that it has become aware of an entity operating under the name of Shtern Group which is known to have an internet presence at shterngroup.com. Although this entity purports to operate from an address in Malta, the MFSA does not believe…
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The Hong Kong Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), informed that they have signed an addendum to the Memorandum of Understanding (MOU) Governing Listing Matters. Pursuant to arrangements under the Addendum, a new Listing Policy Panel…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Castle Finance Direct. 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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Singapore Exchange (SGX) and fintech firm Smartkarma today announced a partnership to roll out the C-Suite Pilot Program, a cloud-based platform that will enable SGX-listed companies to streamline their communication and data reporting to the institutional, analyst and investor communities. Listed companies will be able to communicate seamlessly with analysts and investors, monitor sentiment, compare…
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New Zealand's Financial Markets Authority (FMA) announced that it has issued formal warnings to five reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). Entities are required by law to have their risk assessment and AML/CFT programme audited by an independent auditor every two years. For this…
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