Category: Regulation

ASIC office

February 20, 2018 BY Valentina Kirilova

ASIC accepts enforceable undertakings from two directors

ASIC announced that it has accepted enforceable undertakings (EUs) from Sydney-based directors Frank Tearle and Justin Epstein following an investigation of their conduct over an application for an Australian financial services (AFS) license. Mr Tearle and Mr Epstein were directors of both One Investment Services Pty Ltd (OIS) and a related entity One Investment Group…

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DFSA launches Cyber Threat Intelligence Platform

February 19, 2018 BY Valentina Kirilova

The French AMF announces closer cooperation with the National Cybersecurity Agency

In light of the threat to the financial sector, the Autorité des Marchés Financiers (AMF) and ANSSI (the French National Cybersecurity Agency) announced that they have agreed to cooperate more closely on the protection of information systems. The joint signature of a letter of intent on Friday, 16 February forms the basis of this cooperation.…

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cssf warning

February 19, 2018 BY Valentina Kirilova

Luxembourg regulator CSSF warns against United Capital Group

The Commission de Surveillance du Secteur Financier (CSSF) has just issued a warning of the activities of an entity named United Capital Group which claims, on the website www.ucgtrust.com. The company claims that its address is 7 rue Robert Stumper, 1882 Luxembourg and that it is authorised and supervised by the Commission de Surveillance du…

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Volante Technologies Inc. expands executives team

February 19, 2018 BY Valentina Kirilova

UAE's SCA launches program to access and classify financial services companies

The Securities and Commodities Authority (SCA) just announced that it has launched a program to assess and classify financial services companies and announced that registration is open for those interested to take part in the program. Registration applications will be accepted from mid-February to the first of March. H.E. Dr. Obaid Al Zaabi said: Launching…

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February 19, 2018 BY Valentina Kirilova

ASIC disqualifies director from managing companies for five years

ASIC announced that it has disqualified Mr Peter Kalos of Kurnell, NSW, from managing companies for the maximum period of five years as a result of his involvement in nine failed companies. ASIC found that Mr Kalos: improperly used his corporate position by causing assets to be transferred for little or no consideration to the…

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clone firm FCA warning

February 19, 2018 BY Valentina Kirilova

FCA warns against Carina Asset Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Carina 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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U.S. IRS publishes new crypto tax guidelines for forks, income, and gains

February 16, 2018 BY Valentina Kirilova

CySEC adopts ESMA's Market Operators Guidelines

The Cyprus Securities and Exchange Commission (CySEC) has informed that the ESMA Guidelines on the management body of Market Operators and Data Reporting Services Providers have been adopted by CySEC. The complete text of the announcement can be seen below: TO : Market Operators and Data Reporting Service providers FROM : Cyprus Securities and Exchange…

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asic bans

February 16, 2018 BY Valentina Kirilova

Real Wealth Director excluded from financial services industry for 5 years

ASIC announced that it has accepted an Enforceable Undertaking from director Mr David Orth under which he will cease to provide financial services for five years. In addition, Mr Orth will make a community benefit payment in the amount of $400,000 to Financial Literacy Australia to support the financial capability of vulnerable people. Mr Orth…

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FCA warning

February 15, 2018 BY Valentina Kirilova

FCA warns against XMarkets.com

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 XMarkets.com. XMarkets.com 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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Moment of Truth: ESMA now requires the online publication of RTS27 and RTS28 reports

February 15, 2018 BY Valentina Kirilova

ESMA launches Interactive Single Rulebook

The European Securities and Markets Authority (ESMA) announced that it is launching its Interactive Single Rulebook, which is a new service for market participants and other interested stakeholders across the European Union. The tool is launched today with the Level 1 text of the UCITS Directive, and links to all relevant Level 2 and Level…

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