Tag: IC Markets

IC Markets has problems with Consob and Inter MilanI
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November 7, 2020

IC Markets blocked by CONSOB and thrown out by Inter Milan

In June 2020 IC Markets signed a sponsorship deal with Inter Milan. Under the agreement, approximately €14 million was payable to Seria A club over a 3-year period. This was reported by the FX News Group. In October 2020 Inter Milan terminated the agreement. IC Markets is said to have failed to make the promised payments on time and, moreover, the blocking of IC Markets for the Italian market by CONSOB allegedly also played a role in the termination.
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Law and Tax Enforcement should address payment processorsL
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November 6, 2020

Law and Tax Enforcement Actions – Start with Payment Processors to chase cybercriminals

FinTelegram is frequently contacted by law enforcement agencies in various jurisdictions with requests for information. It has become known in the international law enforcement scene that FinTelegram has indeed valuable information and contacts. In our respective discussions, we recommend starting enforcement actions against facilitating payment processors. They are the backbone and payment data hubs of the ever-expanding cybercrime universe and its scams.
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IC Markets broker schemeP
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November 5, 2020

Praxis Cashier announced acquisition of IC Markets scheme as forex client

The unregulated Cyprus-registered Praxis Cashier System Ltd (Praxis Cashier) of Amit Klachko announced the acquisition of IC Markets (www.icmarkets.com) as a new Forex and CFD client. IC Markets is a globally operating regulated broker scheme established by Andrew Budzinski in Australia in 2007. Its different entities are regulated by Australian ASIC, Cyprus CySEC, and FSA Seychelles.
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