The authority has added goldenshare.io and finatics.io to its warning list.
CySEC has also urged investors to consult its website before conducting business with investment firms.

Tuesday, 24/05/2022 | 08:04 GMT by Bilal Jafar

Regulation

CySEC Settles with eXcentral and NicoFX Operator for €290K

The company possibly violated several mandatory compliances.
The operator is not onboarding clients on NicoFX anymore.

Wednesday, 18/05/2022 | 05:48 GMT by Arnab Shome

Brokers

CySEC Settles with FXVC for €100K, Broker Renounces CIF License

The broker possibly violated CySEC regulations.
It has stopped offering services under the CIF license from March 2022.

Friday, 06/05/2022 | 12:00 GMT by Arnab Shome

Binary Options

CySEC Raises Red Flag on Websites Associated to Binarium Ltd

Six domains were mentioned in the warning.
The watchdog recently warned on four forex websites.

Monday, 02/05/2022 | 19:43 GMT by Felipe Erazo

Institutional FX

CySEC Warns Investors against Four Unregistered Forex Websites

The websites have not been registered under Cyprus' markets law.
The warning follows an earlier alarm on fraudsters impersonating CySEC's officers.

Wednesday, 27/04/2022 | 14:37 GMT by Solomon Oladipupo

Op-ed

Regulation

Op-ed

Cross-Border Client Onboarding: Why Harmonising & Automating Is The Ideal Solution

Regulators in Europe are quarrelling over cross-border client onboarding issues
Cross-border client onboarding issues are being taken more seriously

Thursday, 21/04/2022 | 20:24 GMT by Remonda Kirketerp-Møller

Brokers

CySEC Takes Action against Ayers Alliance, BCS (Cyprus) for Non-Compliance

Ayers Alliance broke staffing rules in risk management department appointments.
BCS (Cyprus) failed to establish a system for suspicious transaction detection.

Tuesday, 19/04/2022 | 11:33 GMT by Arnab Shome

Institutional FX

CySEC Withdrew Licenses of Dormant ED&F MAN Capital Markets Subsidiary, RMG Holding

Both the companies decided to renounce their CIF licenses.
RMG has stopped offering its services.

Monday, 18/04/2022 | 11:44 GMT by Arnab Shome

Brokers

CySEC Withdrew License of Broker Operator Hoch Capital

It operates brands like itrader and tradeATF.
It settled with CySEC earlier for multiple possible instances of non-compliance.

Friday, 15/04/2022 | 09:47 GMT by Arnab Shome

Retail FX

CySEC Warns against Fraudsters Impersonating as Regulatory Staff

These scammers target individual investors.
CySEC clarifies that it has no jurisdiction to collect fees from individual investors.

Friday, 08/04/2022 | 11:15 GMT by Arnab Shome

Retail FX

CySEC Fines CIF Capital Com SV Investments Ltd. for Non-compliance with Article 16(2)

The company was fined for late reporting of two suspicious transactions that happened over a year.
CySEC added the fact that the company reported the suspicious transactions, albeit belatedly.

Wednesday, 06/04/2022 | 13:05 GMT by Matti Williamson

News

CySEC Alarms against Use of Crypto Assets by Sanctioned Russians

Sanctioned individuals and entities are trying to use crypto assets to move funds.
Several other regulators flagged the use of cryptocurrencies by Russians.

Tuesday, 29/03/2022 | 12:44 GMT by Arnab Shome

Brokers

CySEC Withdrew ICF Membership of Daweda, LCG (Cyprus) and Felicitas

All of the companies lost their CIF licenses due to non-compliance.
Claimants from these companies will still be entitled to compensation.

Wednesday, 23/03/2022 | 12:55 GMT by Arnab Shome

Brokers

Swissquote Confirms Record Growth in 2021, Operating Revenues Climb 49% YoY

In 2022, the company is expecting net revenues of CHF 475 Million.
Demetra Kalogerou will be proposed to the Board of Directors as an additional member.

Thursday, 17/03/2022 | 07:58 GMT by Bilal Jafar

News

CySEC Calls for Views on Establishing a Regulatory Sandbox

Stakeholders are invited to submit their interest in participating via email.
This project aims to 'build on the success' of CySEC’s Innovation Hub.

Wednesday, 16/03/2022 | 17:37 GMT by Felipe Erazo

Retail FX

CySEC Comments on Recent Peer Review Made by ESMA

CySEC welcomes the peer review of NCA's supervision of cross-border activities.
ESMA made two recommendations to CySEC under Article 16.

Friday, 11/03/2022 | 21:17 GMT by Felipe Erazo

Regulation

ESMA Recommends CySEC to Improve Cross-Border Activities Supervision

It has made two recommendations to CySEC under Article 16.
CySEC now has two months to respond to the EU supervisor.

Thursday, 10/03/2022 | 13:06 GMT by Arnab Shome

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