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Tag: FCA

Compliance

March 7, 2020

Austrian Regulator FMA confirms ePayments Systems suspension for Austria

On 6 March 2020, the Austrian Financial Market Authority (FMA) confirmed the suspension of the activities of ePayments Systems Ltd as a licensed e-money institution..

September 7, 2019

Chair of the UK FCA – Financial Crime against individuals has reached epidemic proportions

Financial crime against individuals has reached epidemic proportions. One of the most damaging financial crimes is investment fraud, where people are scammed out of their..

August 1, 2019

Update on Gal Barak and other CyberScammers – it’s time to fight them

In the last few days, FinTelegram has reported on its fight against the Israeli #cyberscammer Gal Barak. He has defrauded tens of thousands of retail..

July 31, 2019

UK Financial Watchdog – Dysfunctional cryptocurrencies fall outside scope of regulation but security tokens don’t

The FCA has been looking into cryptoassets over the last couple of month and issued the Guidance on Cryptoassets, a policy statement to set out..

July 18, 2019

Investment Scams are still on the rise! Australian Scamwatch reported $5 losses for June 2019

The sharp increase in investment scams has prompted financial market supervisory and consumer protection authorities such as the UK Financial Conduct Authority (FCA) or the..

July 11, 2019

UK Financial Watchdog FCA issues Enforcement Performance Report indicating expanding cybercrime activities

On Monday, the UK financial watchdog issued its Enforcement Performance Report. In 2018/19, the Financial Conduct Authority (FCA) issued 265 Final Notices of which 243..

July 3, 2019

Good news: FCA considers a ban of crypto-CFDs for retail investors

In a recently published document, titled “Restricting contract for difference products sold to retail clients,” the FCA revealed that the regulator will soon publish a..

Compliance

June 20, 2019

UK FCA refuses to compensate scam victim despite register mistake

A fake Austrian investment firm The UK Financial Conduct Authority (FCA) has refused to reimburse a scam victim despite a mistake of the regulator in..

June 6, 2019

Forex broker scheme ‘World Binary Option’ and the million dollars trace on blockchain

Finance Magnates and other Forex review sites reported yesterday that the International Financial Services Commission (IFSC) of Belize including World Binary Option which was recently..

May 22, 2019

UK FCA ScamSmart Campaign to fight broker scams

The UK Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via online broker scams...

Binary Options

March 29, 2019

UK FCA Permanently Bans Binary Options

The Finacial Times reported today, that UK Financial Conduct Authority (FCA) will permanently ban trading the sale, marketing, and distribution of binary options. The regulator..

Cybercrime

February 14, 2019

UK Investment Scams 2018 – Over £197 Million Reported Losses

Data from UK Action Fraud reveals over £197 million of reported losses with scams in 2018. Victims were scammed out of over £29,000 on average..

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.

KTM’s Collapse: How Pierer and Blazicek Possibly Misled Investors and Profited Amid a €2.9 Billion Crisis!

The recent insolvency filing by KTM AG, Europe's largest motorcycle manufacturer, has unveiled significant managerial failures under CEO Stefan Pierer and Chairman of the Supervisory Board Josef Blasicek of Pierer Mobility AG. Despite clear indicators of financial distress, the company continued to distribute substantial dividends, misleading investors about its fiscal health. Here is an investor update on the KTM case.

Investor Briefing

Investor Briefing: Why Elon Musk’s SpaceX is valued at $350 Billion!

SpaceX, Elon Musk's private aerospace company, is reportedly in discussions to sell insider shares at a valuation of approximately $350 billion. This would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. Musk's closeness to Trump is apparently paying off.