SFC concludes consultation on amendments to anti-money laundering LeapRate

October 12, 2018 BY Valentina Kirilova

SFC concludes consultation on amendments to anti-money laundering

The Hong Kong Securities and Futures Commission (SFC) has just informed the public that it has today released consultation conclusions on proposals to amend its Guideline on Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT Guideline). The amendments are in line with the latest international anti-money laundering and counter-financing of terrorism (AML/CFT) standards and will make the…

October 12, 2018 BY Valentina Kirilova

SFC’s appeal against MMT decision on insider dealing in Asia Telemedia Limited shares allowed

The Court of Final Appeal (CFA) has allowed the Hong Kong Securities and Futures Commission’s (SFC) appeal against the Market Misconduct Tribunal’s (MMT) findings that two former executives of Asia Telemedia Limited (ATML) (now known as Yunfeng Financial Group Limited), Mr Charles Yiu Hoi Ying and Ms Marian Wong Nam, had not engaged in insider…

October 12, 2018 BY Valentina Kirilova

FCA warns against Gerber and Partners firm

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 Gerber and Partners. Gerber and Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

October 11, 2018 BY Valentina Kirilova

CySEC warns against Primus Trade website

The Cyprus Securities and Exchange Commission (CySEC) has just informed investors that the website primustrades.com (Primus Trade), does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities, as provided for in Article 5 of Law 87 (I)/2017. The information contained in…

October 11, 2018 BY Valentina Kirilova

ASEAN capital market regulators launch Professional Mobility Framework

The ASEAN Capital Markets Forum (ACMF) met in Singapore and launched two key initiatives to drive a more connected and sustainable ASEAN capital market. These initiatives complement the measures introduced by the ACMF on collective investment schemes, corporate governance, disclosure standards and capacity building. The ACMF launched a framework to facilitate cross-border movement of investment…

October 11, 2018 BY Valentina Kirilova

FCA warns against DTX Markets firm

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 DTX Markets. DTX Markets is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

October 10, 2018 BY Valentina Kirilova

ASIC releases new instrument delaying reporting dates

Australian regulator ASIC has just announced that it has released a new legislative instrument relating to the professional standards reforms for financial advisers, as announced on 1 August 2018. The instrument makes changes to the reporting dates for a number of disclosure obligations in the transition to the new financial adviser professional standards reforms. It…

October 09, 2018 BY Valentina Kirilova

FCA warns against Digital Worldwide OU firm

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 Digital Worldwide OU t/a Royal CFDs. Digital Worldwide is not authorised by the FCA but has been targeting people in the UK and is also carrying…

October 09, 2018 BY Valentina Kirilova

ASIC bans Spectrum Wealth financial adviser for three years

Spectrum Wealth Adviser, Gurumukh Singh Mehra, has been banned from providing financial services for a period of three years, after ASIC surveillance showed he failed to act in his clients’ best interests, the Australian regulator informed earlier today. Through ASIC’s surveillance of life insurance advice, it was found Mr Mehra had failed to: make reasonable…

October 08, 2018 BY Valentina Kirilova

FCA warns against Franklin Law Office firm

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 Franklin Law Office. Franklin Law Office is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

Category: Regulation