The regulator said: The Company did not apply adequate and appropriate policies, controls, and procedures, so as to mitigate and manage the risks of money laundering and terrorist financing effectively, in relation to the detailed examination of each transaction which by its nature may be considered to be particularly vulnerable to be associated with money…
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Binance recently withdrew its registration as a crypto service provider in Cyprus, saying it was focusing “on fewer regulated entities in the EU.” The exchange also announced exiting the Netherlands. Additionally, the company is facing legal trouble in the US with a lawsuit from the Securities and Exchange Commission for operation of an unregistered trading…
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TT CEO Keith Todd commented: TT FX will leverage the unparalleled global distribution capabilities of our platform, the award-winning functionality of our EMS and the widest possible choice of liquidity providers to deliver a truly best-in-class solution. We are delighted to have Tomo on board to lead this initiative for TT. He brings a wealth…
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Michael Milonas commented: We are delighted to announce the appointment of Sam Chaney as the new CCO for NAGA. With a wealth of experience in the industry, Sam Chaney will be a valuable addition to the team. Chaneys added: I am extremely excited to be joining NAGA and being part of such an innovative and…
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Binance is already facing legal troubles with US Securities and Exchange Commission (SEC). Last week the regulator announced filling 13 charges against Binance and its founder Changpeng “CZ” Zhao with various securities law violations, among which operating without registration and offering unregistered securities. In February 2022, following an investigation conducted by the specialized interregional jurisdiction…
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IC Markets noted: ICYT has already received recognition, with an industry award for 'Branded Business Show and Advertising' from Signal Awards and is among the top 25 most shared podcasts on Spotify, which has fuelled the company's determination to deliver even more exciting content. CEO and founder Andrew Budzinski stated: ICYT has been incredibly successful…
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In April of the previous year, the US regulator filed a lawsuit against Kay, and her companies AK Equity Group and Xapphire. The CFTC accused them of unlawfully enticing approximately 67 investors to contribute at least $15.7 million to partake in a commodity pool, ostensibly for forex trading. The US watchdog added that the defendants…
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White stated that the current conditions have presented significant challenges for broker-dealers, emerging hedge funds, and family offices in their efforts to access essential markets and services required to maintain competitiveness in an industry where performance is key. As a result, there is a growing interest in independent prime service providers who possess the necessary…
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LR: What motivated you to join 4XC as the Chief Strategic Officer? Eduardo: Choosing to join 4XC came from a deep personal connection with Joao Monteiro, the company's founder, and our shared vision. We both hail from the same region in Portugal, and that shared cultural background drew me to the company. I've kept an…
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Binance obtained its Crypto Asset Services Provider (CASP) license from CySEC in October last year, which allowed the exchange to offer crypto services such as pot, custodian, staking, and card services. The news comes a few days after the US Securities and Exchange Commission (SEC) announced filling 13 charges against Binance and its founder Changpeng…
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