Advocate Dr. Omar Zerafa provides a detailed insight into establishing and licensing a retail FX firm in Malta, and how the jurisdiction compares to Cyprus as a hub for retail FX
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Emirates FX organization emphasizes concern over grey transactions
UAE based FX industry organization FERG has highlighted the importance of combating fraud in FX, as well as having released the findings of a recent research which shows that a financial organisation typically loses 5 percent of revenue a year due to fraud alone.
Read MoreLeapRate Interview: Legal Overview of the New Cyprus LPAIF License
The new Cyprus Alternative Investment Fund license opened new opportunities. Advocate and Notary Tal Itzhak Ron, Chairman of Tal Ron, Drihem & Co. Law Firm, and Offshore Specialist Kovi Skier detail the finer points of the new regulatory structure
Read MoreGuest Editorial: Leverate General Counsel Steven Kruger likens law and retail FX to Kylie Minogue
Commercial lawyer Steven Kruger draws on what he considers to be similarities between international pop sensation Kylie Minogue, law, and retail FX regulation
Read MoreCySec introduces full policy to combat market abuse
Cypriot regulatory authority CySec takes steps to align itself with the MiFID II directive by setting forth a series of rulings regarding market abuse, covering a wide range of asset classes
Read MoreFCA accepted settlements for 97% of cases between 2010 and 2013
The British stiff upper lip has prevailed in cases brought by the FCA during a three year period. In total contrast to the US authorities’ penchant for court cases and restitution payments, most UK firms have settled in advance of decisions rather than contest the FCA
Read MoreMtGox subject to police investigation in Tokyo
Tokyo Police Department launches criminal investigation into the demise of MtGox following upturn in image for Bitcoin
Read MoreAustralian officials prepare trade reporting rules for OTC derivatives
As ASIC follows the American and European lead in reformation of trade reporting for OTC derivatives, the regulatory authority seeks comment from the industry prior to implementation of proposed rulings.
Read MoreCySec issues warning regarding unregulated FX firm Forextradition
According to CySec, Forextradition Ltd is not registered or authorized to offer financial services or online FX trading in Cyprus.
Read MoreUS law enforcers launch service to launder Bitcoins – with good intentions!
US Marshal Office has developed a new service from which Bitcoins that were previously seized by the government can be cleaned and purchased directly from the law enforcement agency.
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