Category: Regulation

fca warning
November 15, 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 JP Morgan Asset Management and Switch Finance. According to the regulator, the fraudsters are using or giving out the following details as part of their tactics to scam people…

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fca clone firm
November 12, 2019 BY Valentina Kirilova

UK FCA warns against Aproch Bank clone firm

The UK Financial Conduct Authority (FCA) has put out details of another clone firm this week. The latest addition to the regulator’s warning list is Aproch Bank. Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Aproch Bank (clone of FCA firm) Address: 8008…

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fca warning
October 29, 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 Investteck, Alliance Capital, and Payment Solutions. According to the regulator, the fraudsters are using or giving out the following details as part of their tactics to scam people in…

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cssf warning
October 28, 2019 BY Valentina Kirilova

Luxembourg regulator CSSF warns against Alysa Group

The Commission de Surveillance du Secteur Financier (CSSF) has just warned the public of the activities of an entity named Alysa Group and/or Alysa Finance Holding SA. Alysa Group and/or Alysa Finance Holding SA, Société de Gestion de Patrimoine Familial SPF is operating via the website www.alysa-group.com and claims to be supervised by the CSSF.…

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asic ban
October 25, 2019 BY Valentina Kirilova

Fitzpatricks Private Wealth employee permanently banned from providing financial services

Australian regulator ASIC has announced earlier today that it has permanently banned Emma Maree Radke from providing financial services. From 2011 to 2018 Ms Radke provided administrative services via a related company of Fitzpatricks Private Wealth Pty Ltd, a financial services licensee and she was engaged in misconduct which included dishonestly transferring client money into…

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ASIC office
October 24, 2019 BY Valentina Kirilova

ASIC reports on assessment of the markets operated by Bloomberg Tradebook Australia

Australian regulator ASIC has yesterday reported on its assessment of the markets operated by Bloomberg Tradebook Australia Pty Ltd (BTA). The Australian watchdog has made recommendations to improve BTA’s arrangements for governance, supervision and enforcement, and systems and controls, as well as to strengthen its arrangements so as to meet increasing regulatory and investor expectations of…

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ASIC office
October 23, 2019 BY Valentina Kirilova

ASIC suspends KP International Group Australia's AFS licence

Australian regulator ASIC has announced earlier today that it has suspended the Australian financial services (AFS) licence of Sydney-based financial services provider KP International Group Australia Pty Ltd (KP International) until 23 September 2020. According to the regulator, KP International did not adequately address systemic issues identified by the Financial Ombudsman Service (now Australian Financial…

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fca warning
October 21, 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 Curzon Rose Limited, SwissAZ, CodexFX, Direct Trading Technologie, and Quilter Cheviot Investment Management. According to the regulator, the fraudsters are using or giving out the following details as part…

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Australia cfh office
October 21, 2019 BY Valentina Kirilova

ESMA and ASIC to co-operate on Australian benchmarks

EU’s regulator for securities markets (ESMA) and Australia's regulator ASIC have announced earlier today that they have signed a Memorandum of Understanding (MoU) setting out cooperation arrangements in respect of Australian benchmarks. The EU Benchmarks Regulation (BMR) prescribes a European common framework to ensure the integrity and accuracy of benchmarks used in the EU. Earlier…

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fma warning
October 18, 2019 BY Valentina Kirilova

FMA adds the forex provider Circle Markets Limited to its warning list

New Zealand Financial Markets Authority (FMA) has issued a warning on its official website to a non-licensed derivatives issuer and forex provider, Circle Markets Limited, under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT). The regulator found that Circle Markets Limited had failed to adequately verify identity information for some customers; obtain…

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