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 firm Bluelight Financial. Bluelight Financial 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 Fair Work Ombudsman and the Australian Securities and Investment Commission (ASIC) will audit 50 businesses in the Melbourne CBD and inner suburbs in their second joint operation. On 20 and 21 June, Fair Work inspectors will be checking time and wage records to ensure employers are paying their workers correctly and complying with pay…
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The Serious Fraud Office (SFO) announced that has today charged Barclays Plc and four individuals with conspiracy to commit fraud and the provision of unlawful financial assistance contrary to the Companies Act 1985. The four people charged, former senior executives with Barclays PLC, include: John Silvester Varley (age 61), the former Chief Executive Officer of…
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The Council announced that has agreed to develop a framework for a joint EU diplomatic response to malicious cyber activities, the cyber diplomacy toolbox. The EU recognises that cyberspace offers significant opportunities, but also poses continuously evolving challenges for EU external action. The EU is concerned by the increased ability and willingness of state and…
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The Hong Kong Securities and Futures Commission (SFC) has suspended Mr Wu Biwei, former responsible officer (RO) and managing director of iSTAR International Futures Co. Limited, now known as Rifa Futures Limited (Rifa), for six months from 16 June 2017 to 15 December 2017. The disciplinary action follows the SFC’s sanctions against iSTAR over its…
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The Australia Competition and Consumer Commission (ACCC) just warned people to stay alert to ‘phishing’ scammers pretending to be from well-known businesses and government departments trying to con unsuspecting victims out of their personal information and money. So far in 2017, the ACCC’s Scamwatch has received more than 11,000 reports of this scam, with nearly…
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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 website MRTmarkets.com. Italy regulator CONSOB, New Zealand’s FMA, French AMF, and CySEC have already warned against this website. MRTmarkets.com is not authorised by the FCA but has…
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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 firm Aequitas Financial LLP. Aequitas Financial LLP 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 UK Financial Conduct Authority (FCA) has put out details of the cloned firm Funds Point. 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 Australian Securities and Investments Commission (ASIC) announced that has welcomed the passage of legislation enabling a more secure and accountable funding of the model for regulation of the Australian corporate sector. Effective from 1 July 2017, ASIC’s regulatory costs will be recovered from all industry sectors regulated by ASIC through annual levies. ASIC Chairman…
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