The Financial Conduct Authority (FCA) and the Hong Kong Securities and Futures Commission (SFC) have entered into a Memorandum of Understanding on Mutual Recognition of Funds (MoU), which will allow eligible Hong Kong public funds and United Kingdom retail funds to be distributed in each other’s market through a streamlined process. The MoU also establishes…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Fast Loan Credit of UK. 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…
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The Hong Kong Securities and Futures Commission (SFC) has announced that it has banned Ms Lok Wai Fong, a former employee of Bank of China (Hong Kong) Limited (Bank), from re-entering the industry for life. The disciplinary action follows an SFC investigation which found that from April 2009 to January 2012, Lok transferred a sum…
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An ongoing ASIC investigation has resulted in the permanent banning of former National Australia Bank (NAB) branch manager Mathew Alwan from engaging in credit activities and providing financial services. The ban is the result of an extensive ASIC investigation in respect of NAB employees in greater western Sydney who were accepting false documents in support…
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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 company WiseBanc. WiseBanc is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation:…
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The Financial Markets Authority (FMA) has just issued a warning against a scam company called ABS International PTY Limited. ABS International PTY Limited Trading name: ABS Financial Software Australia – New Zealand Address: Level 19, 1 O’Connell Street, Sydney, NSW 2001 Website: www.absaust.net.au Phone: 0800 600 202, +61 2 8098 1520 Email: [email protected] Reason for…
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The Cyprus Securities and Exchange Commission (CySEC) has just informed the public that it has issued several warnings regarding Brisk Liquidity, Binatex, and Primus Trade. Brisk Liquidity CySEC has informed investors about the following regarding "Brisk Liquidity Ltd": The Company, through the website www.briskliquidity.nz, uses the name of the Cyprus Investment Firm (“CIF”) Globia Wealth…
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The Financial Markets Authority (FMA) has just issued a warning against a scam company called Fix Club Limited. Fix Club Limited Address: 598 Great South Road, Ellerslie, Auckland, 1051 Website: www.fix.club Phone: +6499710677 Email: [email protected] Reason for warning: FMA recommends exercising caution before dealing with the Fix Club Limited as the company is not registered…
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Australian regulator ASIC and the Commonwealth Director of Public Prosecutions have announced that they have successfully appealed the sentence of Ricky David Gillespie, a former senior financial planner of the Commonwealth Bank’s financial planning subsidiary, Commonwealth Financial Planning Limited. On 12 December 2017, Mr Gillespie was fined $3,000 with no conviction recorded, after pleading guilty…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Josef-Zeman Financial Solutions. 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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