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Institutional FX
NatWest Faces Criminal Money Laundering Charges
2021-03-16T11:53:52.000+02:00
This is the first bank in the UK to face any charges under the 2007 money laundering regulations.
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Institutional FX
FCA Issues Timeline to Cease LIBOR Benchmark
2021-03-05T12:49:37.000+02:00
Most of the currency settings will end by the end of 2021.
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Regulation
Stifel Former Trader Gets Fined by FCA over Wash Trades
2021-03-04T17:21:25.000+02:00
Adrian Horn to pay £52,500 for carrying out banned self-dealing involving McKay Securities stock.
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Retail FX
FCA Censures Now-Collapsed Premier FX
2021-02-25T13:52:35.000+02:00
The company’s deceased head paid business expenses with the clients’ funds.
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Retail FX
FCA to Distribute £3.42M Among two Investment Fraud Victims
2021-02-24T13:34:28.000+02:00
The schemes hoarded £15 million scamming over 1,000 investors.
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Brokers
City Watchdog Exposes Dalsari as Latest Unauthorised Trading Platform
2021-02-16T21:26:11.000+02:00
Dalsari is posing as an authorised company that has onboarded more than 1.2 million accounts.
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Aziz Abdel-Qader
Regulation
How Is Brexit Causing a Stir Between Brokers and Affiliates?
2021-02-01T16:30:33.000+02:00
What is the FCA PS20/10 policy, and why you need to know about it?
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Ben Myers
Regulation
UK Consumers Lost £78 Million in Clone Firm Investment Scams
2021-01-27T12:49:16.000+02:00
The FCA mentioned that the consumers lost £45,242 each on average in fraudulent clone firms.
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Bilal Jafar
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Retail FX
FCA Flags Black Diamond Amid Crackdown on Fake Asset Managers
2021-01-25T19:45:04.000+02:00
The City watchdog warned that such services are increasingly being used as a vehicle for financial scams.
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Executive Moves
London Stock Exchange Names Balbir Bakhshi and Julia Hoggett in Key Roles
2021-01-07T18:31:11.000+02:00
The London Stock Exchange announced two new appointments naming Balbir Bakshi and Julia Hoggett to key positions.
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Tom Hazan
Retail FX
Pandemic Pushes 4,000 UK Financial Firms into Failure Risk
2021-01-07T12:53:08.000+02:00
The regulator had conducted a massive survey of the industry, gathering data from 23,000 firms.
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Arnab Shome
Regulation
UK’s Crypto Derivatives Ban Starts Today
2021-01-06T11:26:26.000+02:00
The FCA announced a ban on the sale and distribution of crypto-related investment products for retail investors in October 2020.
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Regulation
FCA Imposes £8.96 Million Fine on Charles Schwab UK
2020-12-21T13:54:15.000+02:00
The regulator fined the broker for failing to protect the assets of retail customers.
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Payments
David Avgi’s New Venture UNIPaaS Gets UK Payment Institution License
2020-12-16T12:47:41.000+02:00
The new fintech is co-founded by four former top SafeCharge executives.
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Regulation
UK Crypto Firms Awaiting Recognition Get Temporary Relief
2020-12-16T11:25:22.000+02:00
The companies which have applied for recognition can offer their services till July 9, 2021.
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Institutional FX
Barclays Fined £26 Million for Mistreating Borrowers
2020-12-15T14:28:14.000+02:00
The bank has already initiated the redressing program and paid over £273 million.
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Arnab Shome
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Regulation
FCA Permanently Bans Speculative Mini-Bond Mass Marketing
2020-12-10T13:15:16.000+02:00
The already imposed temporary ban will become permanent on January 1, 2021.
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Retail FX
FCA Exposes 4TFX as Crackdown on Clone Scams Continues
2020-11-30T20:44:15.000+02:00
Modern technology allowed scammers to steal brands of authorised firms to trick people into parting with their cash.
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Retail FX
FCA Warns against Unregulated CFDs Broker MarketPluse
2020-11-26T17:35:11.000+02:00
FCA said earlier that some financial news providers demonstrate a poor understanding of their regulatory obligations.
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Regulation
FCA Slaps £3.44 Million Fine on TFS-ICAP
2020-11-23T16:06:28.000+02:00
The FX options broker was found guilty of communicating misleading information to clients.
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Brokers
Enigma Strategy Secures Direct FCA License, Expands FX Offering
2020-10-30T21:22:52.000+02:00
For users who desire a more hands-off approach, Enigma says it offers a compliant Copy Trading service.
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News
Is the FCA’s Crypto Derivatives Ban a Sign of What’s to Come?
2020-10-14T13:16:37.000+02:00
Is a wave of regulation headed straight for the crypto derivatives space?
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Rachel McIntosh
Regulation
CoinShares Reveals Its Take on FCA’s Ban of Crypto Derivatives
2020-10-07T20:41:57.000+02:00
CoinShares said the ban will only drive UK retail investors to unregulated crypto exchanges that offer far fewer protections.
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Institutional FX
London-Based VertoFX Gains EMI License
2020-10-07T13:16:15.000+02:00
The company saw significant demand for its services this year.
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Arnab Shome
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Regulation
UK’s FCA Bans Retail Sale of Crypto Derivatives
2020-10-06T13:00:36.000+02:00
The ban will come into effect on January 6, 2021.
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