The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Loan2Pocket. 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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ASIC noted the decision by ASX-listed Pacific Star Network Limited (PNW), announced on 28 February, to record an impairment charge of $4.5 million on publishing mastheads and goodwill arising from the acquisition of Morrison Media. ASIC had previously made enquiries of PNW regarding the carrying value of non-current assets in its 30 June 2016 financial…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Blackfriars 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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The Payment Systems Regulator (PSR), the economic regulator for the £75 trillion UK payment systems industry, has today published draft Terms of Reference outlining how it intends to review whether the operators of CHAPS and Faster Payments Scheme (FPS), need to play an expanded role in helping to minimise consumer harm caused by particular types…
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Financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) just published a warning against GMoption, LinkGM Limited and BT Systems Ltd. These companies are not authorised to provide investment services or carry out activities in Italy in any way and, including through the website www.gmoption.com. The Commissione Nazionale per le Società e…
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The Canadian Securities Administrators (CSA) released its 2016 Enforcement Report. The ninth annual report highlights actions taken across Canada to deter and sanction wrongdoing in the capital markets. In 2016, CSA members continued with efforts to deter and sanction financial wrongdoing, with two jurisdictions implementing whistleblower programs, and a third partnering with law enforcement,” said…
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NEX Group plc (LON:NXG) announced that on 21 February 2017 the United States District Court in the Southern District of New York dismissed two entities which formed part of the ICAP Group (ICAP plc and ICAP Europe Limited) from a class action case brought by various investors who alleged manipulation of the Euro Interbank Offered…
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China's FX regulator just announced that it will strengthen supervision of the foreign exchange market in 2017, while improving policy transparency and promoting the further opening of financial markets, as reported by Reuters. Chinese authorities are working recently on supporting the weakening yuan currency, while trying to attract more foreign investment. Pan Gonsheng, head of the…
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The Cyprus Securities and Exchange Commission (CySEC) just announced that, on 21st December 2016, the Company Providing Administrative Services Olies Corporate Services Ltd, waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force. Therefore, the authorization with Number 145/196 lapsed as from…
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This article was written by freelance writer Zak Goldberg. Brexit is one of the biggest topics in the global financial communities, and this is even in a time where other hugely significant things like President Trump's early days in power are going on. Whether you were for or against Brexit, the fact certainly still remains…
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