March 31, 2016 BY Maria Nikolova

CySEC fines FX broker Mayzus for non-compliance with AML regulations

The Cyprus Securities and Exchange Commission (CySEC) has imposed a €12,000 administrative fine on retail Forex broker Mayzus over non-compliance with anti-money laundering rules. The Board of the Commission made the decision for the fine on February 29, 2016. The company is alleged to have violated the Prevention and Suppression of Money Laundering and Terrorist…

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