Category: Regulation

February 21, 2017 BY Valentina Kirilova

ESAs warn on money laundering and terrorist financing risks affecting the EU financial sector

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published a Joint Opinion addressed to the European Commission on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union's financial sector. This Opinion will contribute to the European Commission's risk assessment work as well as that of the ESAs…

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fma warning
February 21, 2017 BY Valentina Kirilova

New Zealand's Financial Markets Authority published its first Conduct Outcomes Report

New Zealand's Financial Markets Authority (FMA) published its first Conduct Outcomes Report 2016. It highlights the key issues and actions from the FMA’s enforcement, supervision and preventative activities for the financial year July 2015 to June 2016. Previously published as the Investigations and Enforcement Report, this report shows how the FMA has made use of…

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sfc warning
February 20, 2017 BY Valentina Kirilova

Hong Kong SFC adds Rubin Dunn to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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sfc warning
February 20, 2017 BY Valentina Kirilova

Hong Kong SFC adds Paragon Advisors to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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sfc warning
February 20, 2017 BY Valentina Kirilova

Hong Kong SFC adds DA Corporation Partners to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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BCSC warning
February 20, 2017 BY Valentina Kirilova

Canadian regulator BCSC warns against Cap Growth FX website

Canadian regulator BCSC warned that recently has become aware of the website of Cap Growth FX, an entity that provides services in opening and managing trading accounts. Cap Growth FX is not registered to trade in, or advise on, securities or exchange contracts in British Columbia (BC). BCSC urges BC residents to exercise caution when…

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February 20, 2017 BY Valentina Kirilova

ASIC permanently bans former Easy Capital director

Mr Yingjie Wang (also known as Jay Wang), a lawyer and accountant from Sydney, NSW, has been permanently banned from providing financial services. Since June 2011, Mr Wang has been involved in the management of at least 14 companies who hold, or held, an Australian Financial Services (AFS) licence. These companies include: LSG Group Pty…

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February 17, 2017 BY Valentina Kirilova

FCA warns on Questra World firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Questra World. Questra World is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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