fma
Italian, French, and Austrian Regulators Propose MiCA Changes to EU Crypto Oversight
- Non-EU platforms serving European clients could face tighter restrictions.
- Cybersecurity audits and centralized white paper filings are required to ensure security and legal clarity.
Monday, 15/09/2025 | 09:52 GMT by
Tareq Sikder
ANZ Caught Red-Handed Overcharging 200,000+ Customers
- The bank charged improper overdraft fees and falsely demanded mortgage incentive repayments
- It has, however, already refunded customers $4.37 million in improper charges plus additional compensation payments.
Monday, 08/09/2025 | 06:01 GMT by
Damian Chmiel
New Zealand Seeks Industry and Investor Views on Tokenized Assets
- In response to the growing popularity of moving real-world assets onto the blockchain, the FMA has prepared a consultation paper.
- Unlike its European peers, which have so far only issued warnings about tokenization, the watchdog wants to hear what industry representatives think about this development.
Thursday, 04/09/2025 | 06:13 GMT by
Damian Chmiel
How Fake Facebook Celebrities Are Stealing Real Money on WhatsApp
- Fraudsters impersonate prominent New Zealand financial figures using AI-generated videos to lure victims into fake investment schemes.
- Although the videos featuring local media stars are fake, the money involved is real, as are the resulting losses.
Tuesday, 19/08/2025 | 07:14 GMT by
Damian Chmiel
New Zealand's FMA Issues 110 Warnings in a Year as It Joins Global Anti-Fraud Alliance
- The Financial Markets Authority has joined a new multi-agency project to fight scams and emerging fraudulent schemes.
- "Collaboration is a vital factor in the fight against scams," said Clare Bolingford, the FMA's Executive Director.
Thursday, 10/07/2025 | 06:38 GMT by
Damian Chmiel
From a Simple Survey Call to Investment Scam: New Zealand Exposes New Fraud Scheme
- Fraudsters use fake economic surveys to gather personal information before directing victims to bogus trading platforms.
- The scammers never return investors' money and often demand additional fees to release funds that don't exist.
Wednesday, 09/07/2025 | 08:10 GMT by
Damian Chmiel
Kiwis Want High Returns But 70% Keep Cash Under the Mattress
- While 43% of New Zealanders prioritize high investment returns, fewer than 30% actually invest.
- Meanwhile, financial stress is mounting, with 61% of Kiwis reporting they're "sinking" financially.
Thursday, 29/05/2025 | 06:54 GMT by
Damian Chmiel
Five Tiny Trades, One Massive Fine After Long Investigation
- NZX investor Kok Ding Cheng was fined NZ$198,000 for manipulating Rua Bioscience shares in 2020.
- The High Court found he placed small, late-day buy orders to influence closing prices; most orders were blocked by broker controls.
Thursday, 01/05/2025 | 06:52 GMT by
Damian Chmiel
Latest WhatsApp Investment Scam Unveils Bots, Bogus Leaderboards, and Broken Promises
- “Txex” websites offer unrealistic returns on crypto investments, the New Zealand financial regulator has warned.
- Victims are lured through fake WhatsApp trading groups and leaderboards before being unable to withdraw funds.
Thursday, 17/04/2025 | 06:23 GMT by
Damian Chmiel
FMA Identifies Almost 100 Fraudulent Trading Platforms, Including Saxo, IG and ATFX Clones
- According to the regulator, they were designed to scam investors through fake profit displays.
- Moreover, the cloned websites target unsuspecting investors with additional fee demands.
Monday, 17/02/2025 | 07:27 GMT by
Damian Chmiel
Banking Giant's Discount Disaster Affects 24,000 Customers
- Westpac NZ admitted to overcharging 24,621 customers $6.35M due to systemic failures in applying advertised discounts.
- The bank faces regulatory action and has agreed to remediate affected customers.
Monday, 23/12/2024 | 09:02 GMT by
Damian Chmiel
FMA Flags YouTube-Based Crypto Scam as Digital Fraud Surges
- The FMA has uncovered a widespread cryptocurrency scam operating through YouTube channels and messaging apps.
- Fraudsters use fake trading platforms to steal funds after gaining victims' trust through social media engagement.
Monday, 16/12/2024 | 07:54 GMT by
Damian Chmiel
Warning: Clone Broker Targets Investors with Fake CySEC and FSCA Licenses
- The New Zealand FMA has warned about Mic-Market, which falsely claims to be registered in multiple jurisdictions.
- As Finance Magnates learned, the company cloned the licensed Cypriot broker Colmex's website and credentials.
Tuesday, 03/12/2024 | 07:18 GMT by
Damian Chmiel
News Nuggets | 30 October: HSBC's $3B Share Buyback; Railsr $24M Funding Round
- Also, Laser Digital and Nomura debuted in The Sandbox metaverse; MAS partnered for digital assets innovation.
- Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 30/10/2023 | 10:37 GMT by
Finance Magnates Staff
News Nuggets | 21 September: Bitget Wallet Expands Offering; FMA Warns against IM Academy
- Also, Tether backs AI chip purchase; Alpha Group professes to LSE main market and Cornerstone sells non-trading subsidiary.
- Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 21/09/2023 | 10:00 GMT by
Finance Magnates Staff
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}