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 Tait Investment Group. Tait Investment Group is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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FINRA has announced that it is launching an enhanced disclosure review process for public financial records of individuals seeking registration with a brokerage firm. Beginning on July 9, FINRA will perform a public records review within 15 calendar days after a firm applies to register an individual with FINRA. The review will enhance the quality…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Central Trust. 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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The Hong Kong Securities and Futures Commission (SFC) has launched a consultation on proposals to amend the Guideline on Anti-Money Laundering and Counter-Terrorist Financing to keep it in line with international anti-money laundering and counter-financing of terrorism (AML/CFT) standards and make it more useful and relevant. The proposed amendments expand the types of politically exposed…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Alliance Trust Plc. 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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A financial services Alliance with a combined global membership of 200,000 has announced that it is challenging UK's Financial Conduct Authority (FCA) to do more to support professionalism in UK financial services. The Chartered Body Alliance, which is composed of the Chartered Insurance Institute, the Chartered Institute for Securities & Investment and the Chartered Banker…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Southampton Trust. 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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Australian regulator ASIC has announced that it is continuing to monitor the financial advice industry’s use of restricted terms ‘independent’ and ‘independently owned’, taking steps to intervene when it identifies concerns. Following surveillance of industry websites, ASIC has required four financial advice companies to cease and amend false claims of independence that could mislead consumers.…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Besla Investments. 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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The Cyprus Securities and Exchange Commission (CySEC) has announced that, on 31st May 2018, the Company Providing Administrative Services V.M.L Venture Management Ltd (the ‘Company’), waived its authorisation pursuant to section 16(2) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force (the ‘Law’). Therefore, the Company’s authorisation with…
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