ESMA admonished CySEC as ‘Partially Compliant’ with new reporting rules LeapRate

December 20, 2019 BY Valentina Kirilova

ESMA admonished CySEC as ‘Partially Compliant’ with new reporting rules

The European Securities and Markets Authority (ESMA) recently conducted a peer review of compliance by the national oversight authorities of thirty member states with new rules regarding suspicious transaction detection and reporting. These rules have been in force since 2017. Eight member organizations were rated as “Partially Compliant”, its lowest category. CySEC, which has spent…

December 19, 2019 BY Valentina Kirilova

Australian watchdog cancels the AFS licence of KP International Group Australia

Australian regulator ASIC has announced earlier today that it has cancelled the Australian financial services (AFS) licence of Sydney-based financial services provider KP International Group Australia Pty Ltd, effective 22 November 2019. This is not the first time ASIC suspends the company's licence, it was previously suspended until 23 September 2020. KP International Group Australia…

December 13, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are ash.trades, Easy Money Finance, Miyamoto, Asuka and Associates, The Financial Consultancy Group (Scam), Best Returns, Cash FX Group. According to the regulator, the fraudsters are using or giving out…

December 11, 2019 BY Valentina Kirilova

UK regulatory watchdog strikes back with fines of nearly £400 million

Commentators may no longer be able to accuse the Financial Conduct Authority (FCA), the UK’s regulatory watchdog, of taking too light an approach on fraud and financial related crimes. The regulatory agency has thus far in 2019 meted out £391.8 million in fines and penalties, its highest level in over four years. According to Jonathan…

December 10, 2019 BY Valentina Kirilova

ASIC suspends Australian Golden Securities Ltd's AFS licence

Australian regulator ASIC has announced earlier today that it has suspended the Australian financial services (AFS) licence of Melbourne-based financial services provider Australian Golden Securities Ltd (formerly known as AFS Capital Securities Ltd). ASIC found that Australian Golden Securities failed to: lodge its accounts and audit report as a licensee for the year ending 30…

December 10, 2019 BY Valentina Kirilova

More unregulated firms warnings from UK's watchdog this week

The UK Financial Conduct Authority (FCA) has put out details of more unregulated firms this week. The names of the latest additions to the regulator’s warning list are the companies Arrows Financial Corporation, Blue Moon Loans, Pool Forex Investments, as well as clone firm Crypt Mill Broker Limited. According to the regulator, this firms are…

December 09, 2019 BY Valentina Kirilova

UK FCA warns against Claim Yours Limited company

The UK Financial Conduct Authority (FCA) has put out details of another unregulated firm yesterday. The name of the latest addition to the regulator’s warning list is the company Claim Yours Limited. According to the regulator, this firm is not authorised by the FCA and is targeting people in the UK. Based upon information the…

December 06, 2019 BY Mariela Naydenova

Trump administration objects a $1 billion World Bank loan for China

The economic tension between Washington and Beijing is soaring. The White House has currently refused to back up a World Bank loan program for China - a loan that is worth $1 billion per year. The funding plan which is for five years was discussed on December 5th, 2019. The program is known as the…

An exchange-traded Bitcoin fund on a major global stock exchange is now a reality in Canada

December 04, 2019 BY Valentina Kirilova

Canadian regulator gives green light for BTC Fund IPO for retail investors

Canada’s Ontario Securities Commission (OSC) has recognized that Bitcoin is a legitimate market, trading in millions of dollars per day in a host of exchanges. For that very reason, it has reversed a prior decision and given a green light for a Bitcoin Fund IPO, which will offer participations to retail investors. With this simple…

December 02, 2019 BY Valentina Kirilova

Another week, another FCA warning

The UK Financial Conduct Authority (FCA) has put out details of another unregulated firm this week. The name of the latest addition to the regulator’s warning list is the company Shore Capital Markets. According to the regulator, the fraudsters are using or giving out the following details as part of their tactics to scam people…

Category: Regulation

ESMA admonished CySEC as ‘Partially Compliant’ with new reporting rules

Australian watchdog cancels the AFS licence of KP International Group Australia

UK FCA warns against several unauthorised companies

UK regulatory watchdog strikes back with fines of nearly £400 million

ASIC suspends Australian Golden Securities Ltd's AFS licence

More unregulated firms warnings from UK's watchdog this week

UK FCA warns against Claim Yours Limited company

Trump administration objects a $1 billion World Bank loan for China

Canadian regulator gives green light for BTC Fund IPO for retail investors

Another week, another FCA warning

ASX Announces Launch of Morning and Evening Peak Electricity Contracts

Euronext Q2 Revenue Rises 12.8%

FCA Fines Sigma Broking Limited £1.1 Million for Transaction Reporting Failures

Robinhood Transaction-Based Revenues Jump 65% in Q2

ASX Chief Compliance Officer Daniel Moran Resigns