Category: Financial Services

moex moscow exchange
November 26, 2018 BY Valentina Kirilova

MOEX signs MoU with China International Capital Corporation

Moscow Exchange (MOEX) has announced that it has signed a Memorandum of Understanding with China International Capital Corporation (CICC), one of the largest investment banks in China. The agreement happened last Friday and aims to strengthen cooperation between Russia and China to promote investment and develop the offshore Chinese yuan market in Russia. The MoU…

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fca warning
November 22, 2018 BY Valentina Kirilova

FCA warns against Haig, Lafferty & Partners

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 Haig, Lafferty & Partners. Haig, Lafferty & Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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ASIC applauds the enactment of stronger whistleblowing laws
November 22, 2018 BY Valentina Kirilova

Danske Bank money-laundering whistleblower’s attorney to testify before European Parliament

The attorney for Danske Bank money-laundering whistleblower Howard Wilkinson has been invited to testify before the European Parliament’s Special Committee on Financial crimes, Tax Evasion and Tax Avoidance in Brussels, Belgium as an expert witness on whistleblower rights. Wilkinson, a former employee at Danske Bank’s Estonia office, uncovered a massive money-laundering scandal involving billions of…

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clone firm FCA warning
November 22, 2018 BY Valentina Kirilova

FCA warns against BlackRock Alliance LP clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm BlackRock Alliance LP. 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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sec
November 21, 2018 BY Valentina Kirilova

ASC adds a whistleblower program to its enforcement toolbox

The Alberta Securities Commission (ASC) has announced the creation of its whistleblower program and the Office of the Whistleblower (OWB) through the adoption of ASC Policy 15-602 Whistleblower Program and accompanying amendments to the Securities Act (Alberta) (contained within Bill 20). The program allows whistleblowers to safely and easily report potential breaches of Alberta securities…

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cysec cif licence suspension
November 21, 2018 BY Valentina Kirilova

CySEC warns against ECN Capital unauthorized website

The Cyprus Securities and Exchange Commission (CySEC) has informed investors that the website www.ecncapital.com (ECN Capital) 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. In the above mentioned website,…

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First Republic Bank joins S&P 500 index, replaces Scana Corporation
November 21, 2018 BY Valentina Kirilova

STOXX introduces ESG-X version of STOXX Europe 600 index

STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has announced that it has launched the STOXX® Europe 600 ESG-X Index. The index was developed based on feedback of asset owners, in order to accommodate their need for a version of Europe’s key benchmark…

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SFC fines
November 21, 2018 BY Valentina Kirilova

ASIC fines Dampier Finance Australia Limited $240,000

Sydney-based company Dampier Finance Australia Limited, who holds an Australian Financial Services license (AFSL), has been fined $240,000 for failing to lodge its company annual reports and financial statements with ASIC. On 13 November 2018, Dampier Finance Australia was found guilty in the Downing Centre Local Court of failing to submit annual financial reports with…

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