6 AMLD and OFAC Regulations on Ransomware Attacks 6 AMLD not only affects the EU internal market but the global financial sphere.
ESMA Issues Guidelines on Reverse Solicitation The authority reminded financial firms of the MiFID II requirements on reverse solicitation.
Securities Commission Malaysia Issues Guidance Note The financial regulator warned against the rising number of unlicensed investment advisers.
SEC Announces Charges Settlement against Cormark Securities and Virtu ITG Cormark agreed to pay $800,000 in penalty while SEC settled charges against Virtu ITG Canada with a $200,000 penalty.
ASIC Acknowledges PI Insurance Difficulties Though getting PI insurance is difficult, companies need to pay close attention to other insurance requirements.
FCA Imposes £8.96 Million Fine on Charles Schwab UK The regulator fined the broker for failing to protect the assets of retail customers.
BaFin Lashes Out on Cypriot Brokers for Non-Compliance 48 percent of the European brokers are licensed in Cyprus.
SEB, Swedbank and Danske Face US Probes in AML Lapses The three banks said the report contained no new information as many lenders have long been under scrutiny in ...
Hoch Capital Pays €260.000 to Settle Year-Long Regulatory Spat Regulators in the UK and Italy went after Hoch Capital which was barred from providing services in both countries.
FCA Permanently Bans Speculative Mini-Bond Mass Marketing The already imposed temporary ban will become permanent on January 1, 2021.
Dutch Regulator Plans Restrictions on Turbo Certificates The public consultation on the restriction will end on January 24, 2021.
Polish KNF Seeks Traders’ Feedback on 100:1 Leverage The local regulator defied the ESMA restriction last year to offer higher leverages.
ASIC Cancels AFS License of Jels Financial Group, Selectinvest Both the companies failed to submit audited financial reports for several years.
BaFin Says Cypriot Brokers Responsible for 50% of Detected Infringements The German authority found violations of the product intervention measures in 49% of all CFD providers.
Labuan FSA Reports 50% Jump in Licensing Approvals The total number of licensed companies operating in Labuan IBFC crosses 800.
Malaysian Regulator Issues Warning against Rising Clone Firm Scams The fraudulent companies are impersonating legitimate public listed companies (PLCs) to dupe investors.
MAS Takes Strict Actions against Financial Misconduct and Money Laundering The regulator imposed heavy civil and money-laundering related penalties from January 2019 to June 2020.
Alfa Capital and UGL Exchange Disbarred from CySEC Compensation Fund Alfa Capital voluntary renounced CIF, but UGL Exchange lost authorisation after CySEC said it did not fulfil its license ...
AFS License Not Required by Foreign Brokers to Deal with Professional Clients Dealing with sophisticated clients is permitted without an AFS license.
SEC Votes to Modernize Regulatory Framework for Derivatives Use New rule and amendments will provide a comprehensive approach for derivatives use by registered funds