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Tag: AnzoFX

June 11, 2022

Attention! The offshore activities of CySEC-regulated Eightcap!

Until Aug 2021, the CySEC-regulated investment firm (CIF) Eightcap EU Ltd was called R Capital Solutions Ltd and was the owner and the operator of MXTrade until 2015. Then the broker was transferred to the infamous Lau Scheme in Belize. However! Now Eightcap operates the CySEC-approved domain www.eightcap.eu. Besides, as usual with many CySEC CIFs, offshore broker activities are conducted through www.eightcap.com and Eightcap Global Limited in the Bahamas.

June 11, 2022

New Alert! Offshore broker Anzo Capital attacks European consumers!

AnzoFX a/k/a Anzo Capital is an offshore broker regulated in Belize by the International Financial Services Commission (IFSC). The broker offers trading in Forex, precious metals, and CFDs with leverage of up to 1:1000 to clients in Europe and worldwide (excluding Japan and the U.S.). AnzoFX is a part of the Australian Focus Markets Pty Ltd, which ASIC regulates. The broker is professionally managed with proper KYC procedures. Nevertheless, its offer is illegal in Europe and violates ESMA regulatory rules. Be very careful!

May 18, 2022

Spanish Watchdog Warns Against Focus Markets and Place-a-Trade Broker

The Spanish regulator CNMV has issued a warning against the offshore broker Focus Markets LLC, St. Vincent & The Grenadine, d/b/a Place-a-Trade. While the website names this offshore entity as its owner and operator, the Client Agreement presents the ASIC-regulated Australian Focus Markets Pty Ltd as the contracting partner. In this Client Agreement, Eightcap is also named. The Focus Markets Group also operates the offshore broker schemes AnzoFX and AnzoCapital. Here is a research update.

January 6, 2022

Alert! Offshore broker Anzo Capital attacks European consumers!

AnzoFX a/k/a Anzo Capital is an offshore broker regulated in Belize by the International Financial Services Commission (IFSC). The broker offers trading in Forex, precious metals, and CFDs with leverage of up to 1:1000 to clients in Europe and worldwide. AnzoFX is a part of the Australian Focus Markets Pty Ltd, which ASIC regulates. The broker is professionally managed with proper KYC procedures. Nevertheless, its offer is illegal in Europe and violates ESMA regulatory rules. Be very careful!

January 1, 2022

The offshore activities of CySEC-regulated Eightcap!

Until Aug 2021, the CySEC-regulated investment firm (CIF) Eightcap EU Ltd was called R Capital Solutions Ltd and was the owner and the operator of MXTrade until 2015. Then the broker was transferred to the infamous Lau Scheme in Belize. However! Now Eightcap operates the CySEC approved domain www.eightcap.eu. Besides, as usual with many CySEC CIFs, offshore broker activities are conducted through www.eightcap.com and Eightcap Global Limited in the Bahamas.

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.