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Another Extension: CySEC Suspends FTX EU’s License until September

  • The license was originally suspended in November 2022.
  • CySEC's license allowed the now-collapsed crypto exchange to offer crypto derivatives.
Tuesday, 16/04/2024 | 08:48 GMT by Arnab Shome
Retail FX

CySEC Bans Broker Directors for 2 Years

  • Bugayenko and Dotsa are prohibited from exercising CIF’s management duties.
  • The regulator suspended the shareholder rights of Veles International's sole owner.
Wednesday, 10/04/2024 | 09:20 GMT by Damian Chmiel
Retail FX

Notesco Agrees to €100,000 Settlement with CySEC over Compliance Issue

  • Following an inspection conducted in 2023, CySEC decided to settle on January 29, 2024.
  • The regulator stressed settlements require suspicion of violation, with no judicial review indication.
Tuesday, 02/04/2024 | 11:27 GMT by Tareq Sikder
Retail FX

CySEC Reaches €50,000 Settlement with Local Company for Potential Violations

  • Noteris Services Ltd settles with the regulator after a 6-month-long inspection.
  • The issue concerns the lack of necessary authorizations to operate.
Tuesday, 02/04/2024 | 09:49 GMT by Damian Chmiel
Retail FX

Exclusive: HYCM Europe Renounces CIF License, to Cease Accepting Clients in the EU

  • The firm has stopped opening new accounts for users based in the EU.
  • HYCM Europe has yet to disclose the reason behind this action.
Wednesday, 27/03/2024 | 14:31 GMT by Jared Kirui
Retail FX

CySEC's 2024 Agenda: Prioritizing Cross-Border Activities and CFD Risk Mitigation

  • The regulator plans to bolster its supervisory framework by meticulously assessing risks among registered entities.
  • CySEC is preparing for upcoming regulatory changes, including the Markets in Crypto-Assets Regulation.
Wednesday, 27/03/2024 | 13:35 GMT by Jared Kirui
Retail FX

CySEC Flags 16 Unregistered Investment Firms

  • Among the flagged entities are prollitestockcapitol.com, crossview.online, and freedomfxgroup.com.
  • According to the watchdog, these firms lack the necessary permits to offer investment services.
Tuesday, 19/03/2024 | 16:44 GMT by Jared Kirui
Retail FX

CySEC Slammed Investment Firms with €2.2M Fines in 2023

  • The regulator conducted extensive audits and prepared for crypto regulation in 2023.
  • In the past three years, the number of financial sanctions reached $6 million.
Wednesday, 13/03/2024 | 12:02 GMT by Damian Chmiel
Retail FX

CySEC Slaps €50K Fine on Licensed Firm for Investor Protection Lapses

  • The regulator fines Fiduserve for failing to provide proper reporting from 2018-2021.
  • Cypriot market watchdog identified four different breaches in compliance.
Tuesday, 12/03/2024 | 09:18 GMT by Damian Chmiel
Retail FX

CySEC Alerts Investors about 10 Unauthorized Investment Websites

  • The regulator has urged investors to check its website for licensed firms.
  • Among the flagged firms are apexfinancialtrading.com and bullmarketsllc.com, among others.
Thursday, 22/02/2024 | 15:33 GMT by Jared Kirui
Retail FX

Intricacies of Regulatory Reporting: "AI Helps, but Brings Its Own Set of Challenges"

  • Finance Magnates talked to several regtech experts to know the nuances of regulatory reporting.
  • "Each regulator is putting their own spin on things... for no discernibly necessary reason," Quinn Perrott said.
Tuesday, 20/02/2024 | 13:40 GMT by Arnab Shome
Regulation

Exclusive: CySEC Chair Says "AI Remains Uncharted" in Most of EU's Securities Markets

  • In a special op-ed for Finance Magnates, Dr. George Theocharides identifies trust-building as an essential element for the broad adoption of AI.
  • As the forefront of AI promotion, banking can help us understand the likely trends that will shape the securities markets industry.
Thursday, 15/02/2024 | 10:59 GMT by Dr. George Theocharides
Retail FX

CySEC Officially Withdraws Brokereo's Membership from ICF

  • The regulator confirms Brokereo's withdrawal from the ICF membership following the revocation of its CIF license.
  • The company voluntarily renounced its license at the end of last year.
Tuesday, 13/02/2024 | 09:50 GMT by Damian Chmiel
Retail FX

CySEC Withdraws CIF Authorization from Leverate

  • The absence of judicial review indicates finality in CySEC's decision.
  • Earlier, the regulator withdrew CIF authorizations for four investment firms.
Sunday, 11/02/2024 | 10:10 GMT by Tareq Sikder
Retail FX

CySEC Fines Fintailor Investments €200,000 in AML Compliance Probe

  • The regulator highlighted potential breaches in anti-money laundering laws.
  • The investigation covered the period between 2016 and 2019.
Thursday, 08/02/2024 | 14:41 GMT by Jared Kirui
Retail FX

CySEC Withdraws ICF Membership from Four Brokers

  • Earlier in 2023, the regulator withdrew CIF licenses belonging to those companies.
  • Their clients can still file claims for operations before the withdrawal.
Thursday, 11/01/2024 | 10:50 GMT by Damian Chmiel
Retail FX

Naga Markets Settles with CySEC for €150K over Violations

  • The company was sanctioned by CySEC for non-compliance in several areas.
  • The retail brokerage has already paid the settlement amount.
Friday, 29/12/2023 | 13:14 GMT by Damian Chmiel
Retail FX

CySEC-Regulated TCR in €220 Million Money Laundering Storm

  • The Cypriot firm TCR faces a French probe for suspicious transactions, according to Le Monde.
  • Also, local authorities are investigating TCR International's potential money laundering links.
Thursday, 28/12/2023 | 18:02 GMT by Damian Chmiel
Retail FX

CySEC Fined BCM Begin Capital Markets €50K for an Array of "Possible" Lapses

  • The brokerage operator was fined twice by the Cypriot regulator last year.
  • It has now voluntarily renounced its CIF license.
Thursday, 28/12/2023 | 12:21 GMT by Arnab Shome
Retail FX

TriumphFX's Ignored Red Flags: Troubles Date Back to 2015

  • TriumphFX's history includes a decade of accusations and warnings from Asian regulators.
  • As it turns out, the first alert was sent by HK's SFC back in 2015.
Friday, 22/12/2023 | 14:32 GMT by Damian Chmiel
Retail FX

TriumphFX Faces CySEC Crackdown over Shareholder Concerns

  • CySEC suspends TriumphFX shareholders' rights over management issues.
  • The regulator mentions warnings against the broker in Malaysia and Singapore.
Thursday, 21/12/2023 | 14:35 GMT by Damian Chmiel
Retail FX

CySEC Seeks Experts in Tender for Regulatory Oversight of Cypriot Investment Firms

  • Interested parties have until January 31, 2024, to submit applications.
  • This undertaking is valued at €240,000.
Monday, 18/12/2023 | 14:52 GMT by Jared Kirui
Retail FX

Investor Alert: CySEC Flags 12 Unlicensed Investment Websites

  • The Cypriot regulator has updated its caution list.
  • It is a mix of unregulated FX/CFD brokers and cryptocurrency companies.
Monday, 18/12/2023 | 10:26 GMT by Damian Chmiel
Retail FX

News Nuggets | 7 December: CySEC Fines 3 Companies; Nasdaq Appoints New Director

  • Also, SoFi to pay FINRA fine; KPMG explores merger of the UK and Swiss businesses.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 07/12/2023 | 10:39 GMT by Damian Chmiel
Retail FX

CySEC Continues Enforcement Action: Fines TradeEU.com, Titan Edge Operator

  • The penalty came for possible compliance violations between October 2022 and July 2023.
  • The company has already agreed to the settlement and paid the penalty.
Monday, 04/12/2023 | 07:31 GMT by Arnab Shome
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