AMF | FinTelegram News

Category: AMF

AMF
Crypto

December 22, 2023

Bonjour la France: Coinbase Obtains VASP Registration in France!

Coinbase, the largest U.S. crypto exchange, announced a significant regulatory milestone by obtaining a Virtual Asset Service Provider (VASP) registration in France. This development aligns with the company's strategy to establish operations in countries with clear crypto policies, contrasting with its ongoing discussions with the U.S. Securities and Exchange Commission (SEC) for tailored regulations in the U.S.

December 22, 2023

Stablecoin Issuer Circle Obtained Conditional Registration as DASP In France!

Circle, the issuer of the stablecoin USDC, has taken a significant step in expanding its European presence by obtaining conditional registration as a Digital Asset..

September 18, 2023

Urgent Warning Against The Greendax Broker Scam!

Greendax is no longer a new broker scam. In August 2022, the Canadian AMF issued a warning against the broker, which Greendax Limited in Hong Kong allegedly operates. Recently, the French AMF has also put Greendax on its blacklist. Currently, registration is only possible after consultation with the account manager, a/k/a, boiler room agent. Stay far away, keep your financial health, and protect the integrity of your private data.

July 4, 2023

Urgent Warning Against Gainful Markets Broker Scam

The Dutch and Spanish regulators AMF and CNMV issued warnings against the Gainful Markets broker scam. The website does not provide any information about the operator. Allegedly, the scam is operated through Singapore and the Netherlands. We cannot verify this. Potential victims may lose their money via credit/debit cards. They should stay very far away. Keep your financial health and protect your data.

May 21, 2023

No CySEC Answer? Dutch Court Ordered CySEC Broker LegacyFX To Pay €303.000 To Victim!

LegacyFX is one of the CySEC-regulated CIFs that works with offshore mutations to solicit European clients. Their offshore broker is AN All New Investments (VA) Ltd in Vanuatu. However, all card transactions of this offshore broker are processed by the CySEC-regulated entity. Durch Courts sentenced LegacyFX on May 17, 2023, to pay €303,000 to an investor, the Dutch lawyer Marius Hupkes reports on his website.

August 31, 2022

Urgent Warning Against The FinexTrader Broker Scam!

FinTelegram has already warned several times about the cybercrime organization we call Latvian Rack. This organization attacks consumers in Europe with its broker scams and boiler rooms via legal entities in the UK and other jurisdictions. One of these scams is FinexTrader, which was recently blacklisted by the French regulator AMF. We think that FinexTrader will soon disappear with the victims' money. Stay far away. Save yourself financial losses and the misuse of your data.

March 24, 2022

Way too late! German BaFin warns against vanished broker scam

In early Jan 2022, the Netherlands Authority for the Financial Markets (AFM) issued a warning against the TradingBloom broker scam. The fake company Bloomb Trading Facility B.V. is stated on the website as the operator, acting as a clone of the AFM-licensed Bloomberg Trading Facility B.V. Other regulators such as the Italian Consob or the Belgian FSMA re-published the warning. Recently, the Spanish CNMV has issued a warning. A few hours ago, the German BaFin finally issued a warning. Too late!

July 30, 2020

Gooood Morning BaFin – it’s time to start protecting, supervising, and cybercrime fighting!

It's stunning. Before the eyes of the world public, the scandal of the DAX listed Wirecard unfolded over years while the BaFin did nothing but file complaints against investigative journalists and traders. BaFin has the legal mandate to protect the capital market and investors. Despite numerous warnings and circumstantial evidence, it has not fulfilled this mandate. BaFin must be accused of gross negligence and embezzlement.

TikTok Takedown: America’s Digital Iron Curtain or Silicon Valley’s Secret Weapon?

The recent ruling by the U.S. Court of Appeals for the District of Columbia Circuit has sent shockwaves through the social media industry, upholding a law that could effectively ban TikTok in the U.S. The ruling cited national security concerns. This decision marks a significant escalation in the ongoing tension between the U.S. government and Chinese-owned tech companies.

Truong My Lan: A Tycoon’s Fall from Grace and Vietnam’s $44 Billion Financial Scandal!

The dramatic downfall of Truong My Lan, one of Vietnam’s most prominent property magnates, has sent shockwaves through the country's financial and political systems. The 68-year-old former billionaire is at the center of one of the largest financial frauds in history, a scandal that has not only exposed vulnerabilities in Vietnam’s economy but has also highlighted the intricate relationship between business and politics in the country.

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.