The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Now loans. 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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Following a number of reports from savers regarding the websites www.patrimoinegestion-management.com and www.pgm-patrimoine.com and the entities Patrimoine Gestion Management and PGM Patrimoine, the Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR) have issued a public warning. These websites and entities are not authorized either by the AMF or…
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FINRA has issued a Special Notice seeking comment on how it can support financial technology (fintech) innovation consistent with its mission of investor protection and market integrity. The announcement builds on an initiative FINRA launched last year to improve communication with the securities industry around fintech. In addition, FINRA requests comment on certain fintech areas,…
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Australian regulator ASIC has informed that it has approved the Australian Banking Association’s (ABA’s) new Banking Code of Practice (the Code). ASIC’s approval of the Code follows extensive engagement with the ABA, following a comprehensive independent review and extensive stakeholder consultation. The ABA made additional significant changes to the Code in order to satisfy ASIC…
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The European Securities and Markets Authority (ESMA) has informed that it has found that national regulators need to improve their supervision of Undertakings for Collective Investments in Transferable Securities (UCITS) engaging in efficient portfolio management techniques (EPM). A recent peer review by ESMA, which assessed the level of compliance of six national competent authorities (NCAs)…
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The Hong Kong Securities and Futures Commission (SFC) has announced the implementation of the new open-ended fund companies (OFC) regime with effect from 30 July 2018. This will enable investment funds to be established in corporate form in Hong Kong, in addition to the current unit trust form. The Code on Open-ended Fund Companies and…
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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 Lindmand Group. Lindmand Group 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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The Financial Markets Authority (FMA) has just issued a warning against a scam company called White Square Trading Limited. The UK Financial Conduct Authority has published a warning in relation to this entity, which can be accessed by the following link: White Square Trading Limited – trading as Universe Markets. White Square Trading Limited Entity name: White…
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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 Monaco Finance. Monaco Finance 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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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Moneyfall. 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 scam…
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