Cyprus Investment Firms (CIFs) will have to submit information with the Cyprus Securities and Exchange Commission (CySEC), as a part…
Read MoreDeutsche Bank widens scope of Russian money laundering probe
The bank’s own investigation into possible money laundering at its Russian business now covers 10 to 12 broker counterparties. DB is also looking closely into activities of a senior employee.
Read MoreCySEC issues €22,000 fine to Banc de Binary for insufficient Anti-Money Laundering systems
The fine was imposed over violations of the Prevention and Suppression of Money Laundering and Terrorist Financing Law, as well as Directive DI144-2007-08 of 2012 for the Prevention of Money Laundering and Terrorist Financing.
Read More4 out of 5 EMEA firms say online fraud is biggest threat
Account takeover and application fraud experienced the most activity in the past 12 months.
Read MoreFINMA makes no concessions to virtual currencies in latest AML rules
The revised Anti-Money Laundering Ordinance by the Swiss financial regulator admits that virtual currencies are associated with heightened money laundering risks.
Read MoreBritish brokers strengthening client onboarding processes
London-based Tradenext has stepped up its client onboarding procedure, with a focus on AML and KYC procedures. Could this be a reaction to the situation faced by Plus500?
Read MoreOANDA addresses customers on AML procedures
Amid account freezing plaguing the work of Plus500, OANDA admits that AML procedures can create friction in the client on-boarding, funding and withdrawal processes.
Read MoreTrading in Plus500 shares resumes, broker issues one more announcement
Trading in shares of the broker resumed at 13:15 (London time), as the company published another announcement clarifying the situation around the processing of client actions and account freezing.
Read MoreFormer Saxo Bank compliance specialist assumes executive position at BNY Mellon
David McCurdie said a fond farewell to colleagues at Saxo Capital Markets in London this morning after almost six years at the firm’s Copenhagen and London offices
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