The regulator alleged that the bank has not adequately fixed the problem and that customers continue to be affected. Between May 2016 and September 2021 ANZ also made false and misleading representations regarding withdrawal fees. According to the regulator, the bank continued with the misleading representation even after that period. Court added: This alleged misconduct…
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ASIC stated: As expected, retail clients have not made any losses (or profits) from trading binary options with licensed issuers since the product intervention order took effect. The regulator pointed out that during the period of the ban, 68% of wholesale clients lost money trading binary options in that period as the ban does not…
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Messinis joins Exness from copy trading platform provider ZuluTrade, where she served as Head of Institutional Sales. She spent almost 2 years with the Greece-based firm. Before that, Messinis was in senior business development positions in a number of global service firms. She has worked at accounting and consulting firm PwC, and US-based law firm…
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With more than 30 years of experience in the industry, Redmond Wong is based in Hong Kong. He focuses on communicating Saxo's global investment strategy, generating Hong Kong and mainland China focused research, and delivering actionable insights across different asset classes and tradable instruments. Charu Chanana commented: I am excited to take on this role with…
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Pratik Gandhi, COO and co-founder at Nium, said: More countries are turning to Nium to bring their legacy systems into the modern age. We enable money to move around the world - instantly, easily, and securely - while helping businesses position themselves for more opportunities in the digital future. The real-time payments in Malaysia, as…
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The new digital assets company will operate as a wholly owned subsidiary of NHI. It will have dedicated capital and resources to accelerate time-to-market and innovation. Specialist staff from Nomura will be integrated into the new company, as well as external hires. The announcement follows the establishing of Nomura’s Digital Company in April this year.…
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Liam Huxley, CEO, and founder of Cassini said: The opening of our Hong Kong office is a key element of our growth strategy and is especially well-timed to provide specialized support to the specific requirements of both current and future clients in the region. Our focus on growth in APAC is driven by the market’s…
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Jakubcek’s background Jakubcek spent seven years at EC3, where he provided operational and strategic support for major cryptocurrency investigations. He led the largest cryptocurrency experts' platform in the world with representatives from hundreds of law enforcement agencies from around the globe. As a specialist and educator in the field, Jakubcek will be a key link…
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Stephen Dainton commented: APAC is at the centre of our multi-year growth strategy for Global Markets and Hossein’s appointment attests to the significant investment we are making to expand our franchise in the region. Adeel Khan added: It is critical to our growth plan that we continue to build great teams and bring in strong…
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A need for cyber security measures The matter of cyber security measures as part of the obligations of AFS licensees arouse from a ruling of the Australian federal court against a RI Advice Group Pty Ltd. The company was found in breach of its AFS license obligations because of a lack of adequate risk management…
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