Tag: regulation

ASIC suspends AFS license
January 08, 2020 BY Valentina Kirilova

ASIC extends suspension of Halifax Investment Services' AFS licence

Australian watchdog ASIC has announced yesterday that it has extended the suspension of the Australian financial services (AFS) licence held by Halifax Investment Services Pty Ltd until 8 January 2021, effective 18 December 2019. The Halifax AFS licence can continue only to ensure that clients of Halifax continue to have access to an external dispute resolution…

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January 06, 2020 BY Mariela Naydenova

Qatar bans crypto services in the country

The Qatar Financial Centre (QFC), the country's financial regulator, has banned cryptocurrency trading. Not only that, but the prohibition applies to anything of value that is close to or a substitute for currency, can be digitally transferred or traded and be sued for investment or payment purposes for clients. The news comes from a report…

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fca warning
December 31, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are Smart Loans UK, Rockwell Investment Management and Parker, Weismann & Associates LLC. According to the regulator, the fraudsters are using or giving out the following details as part of…

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fca fine
December 30, 2019 BY Valentina Kirilova

Hong Kong SFC fines FIL Investment Management Ltd HK$3.5m for regulatory breaches

The Hong Kong Securities and Futures Commission (SFC) has announced that it has fined FIL Investment Management (Hong Kong) Limited (FIMHK) HK$3.5 million for regulatory breaches including unlicensed dealing in futures contracts, delay in reporting the breach to the SFC as well as submitting incorrect information during an application. According to the regulator, the company…

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fca warning
December 23, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are Star Finance and Ouroneclub. According to the regulator, the fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:…

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Regulation
December 20, 2019 BY Valentina Kirilova

ESMA admonished CySEC as ‘Partially Compliant’ with new reporting rules

The European Securities and Markets Authority (ESMA) recently conducted a peer review of compliance by the national oversight authorities of thirty member states with new rules regarding suspicious transaction detection and reporting. These rules have been in force since 2017. Eight member organizations were rated as “Partially Compliant”, its lowest category. CySEC, which has spent…

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fca warning
December 13, 2019 BY Valentina Kirilova

UK FCA warns against several unauthorised companies

The UK Financial Conduct Authority (FCA) has put out details of several unregulated firms. The names of the latest additions to the regulator’s warning list are ash.trades, Easy Money Finance, Miyamoto, Asuka and Associates, The Financial Consultancy Group (Scam), Best Returns, Cash FX Group. According to the regulator, the fraudsters are using or giving out…

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ASIC suspends AFS license
December 10, 2019 BY Valentina Kirilova

ASIC suspends Australian Golden Securities Ltd's AFS licence

Australian regulator ASIC has announced earlier today that it has suspended the Australian financial services (AFS) licence of Melbourne-based financial services provider Australian Golden Securities Ltd (formerly known as AFS Capital Securities Ltd). ASIC found that Australian Golden Securities failed to: lodge its accounts and audit report as a licensee for the year ending 30…

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