iSignthis delivers new automated AML/KYC payment solution to Forex broker XM LeapRate

April 25, 2017 BY admin

iSignthis delivers new automated AML/KYC payment solution to Forex broker XM

iSignthis Ltd (ASX: ISX) an Australian based leader in digital AML/CTF KYC identity proofing has launched Paydentity, a new automated identity, and payments system which will be used by Forex brokerage XM.com, the trading name of Trading Point Holdings Ltd. to reduce the time customers spend onboarding while keeping in line with all existing and upcoming regulations. The…

April 18, 2017 BY LeapRate Staff

FCA Mission Statement 2017: no update on CFD and Forex leverage

UK financial regulator The FCA issued today its 2017 Mission Statement and Business Plan, plus its Sector Views which highlight the issues and developments the FCA sees in the sectors it regulates. While there seems to be a lot new now at the FCA - including a quietly unveiled new-look website and logo (see at…

April 12, 2017 BY LeapRate Staff

CySEC requires more disclosure from Forex brokers on Customer Complaints

Cyprus financial regulator CySEC has announced new disclosure requirements targeted at CIF licensed Forex and Binary Options brokers regarding customer complaints. In its efforts to clean up the sector and beef up its image, dealing promptly and effectively with customer complaints seems to be one of the regulator's main focal points. While CySEC has already required…

April 07, 2017 BY LeapRate Staff

Promsvyazbank's PSB-Forex becomes eighth Bank of Russia FX license recipient

LeapRate Exclusive… LeapRate has learned from filings made in Russia that the Bank of Russia has issued an eighth license to operate a retail forex brokerage operation in the country, to PSB-Forex LLC. PSB-Forex is the newly-established retail forex brokerage subsidiary of second tier Russian commercial bank Promsvyazbank. Promsvyazbank ranks eleventh in assets among Russia's largest banks,…

April 05, 2017 BY LeapRate Staff

Navigating the ASIC FX Brokers’ Register and, what does it mean to "Make a Market" in Australia?

The following article was written by Natallia Hunik, Global Head of Sales at Advanced Markets. More than a few times over the past year, I have come across instances where companies have thought that they were paying for legitimate ASIC licenses when, in reality, that was not the case. There appears to be several “light fingered”…

April 04, 2017 BY Valentina Kirilova

FCA warns against GMO Investment Management / GMO Funds PLC clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm GMO Investment Management / GMO Funds PLC. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as…

April 03, 2017 BY LeapRate Staff

CySEC withdraws license suspensions of Leadtrade and TTCM

Cyprus financial regulator CySEC has announced that it has withdrawn the CIF license suspensions of Leadtrade Ltd, and TTCM Traders Trust Capital Markets Ltd. Both brokerage groups had their CIF licenses suspended by CySEC last week, with the regulator citing capital level concerns. CySEC had given each broker 10 days to take action in order to comply,…

April 03, 2017 BY LeapRate Staff

Malta MFSA finalizes new rules for Forex and CFD brokers: capital increase, but relaxed leverage

Continuing the recent string of rule proposals and consultations across the EU (and elsewhere) by leading financial regulators, Malta watchdog MFSA has issued a Feedback Statement on rules changes it proposed for Forex and CFD brokers back in October. The main thrust of the MFSA's rule proposed changes were two issues: increase in minimum capital…

April 03, 2017 BY LeapRate Staff

New Zealand to require Spot Forex, CFD and Binary Options brokers to obtain a Derivatives License

New Zealand financial regulator The Financial Markets Authority (FMA) has issued a statement today confirming that it plans to require all brokers offering spot forex, CFD and binary options trading to obtain a derivatives license in the country. Until now, all 'short-term' derivatives trading was exempt from FMA licensing. The move, marking a change in…

March 30, 2017 BY LeapRate Staff

Citigroup traders Stephen Gola and Jonathan Brims banned 6 months and fined for US Treasury spoofing

The U.S. Commodity Futures Trading Commission (CFTC) today issued two separate Orders filing and settling charges against Stephen Gola and Jonathan Brims for spoofing — bidding or offering with the intent to cancel the bid or offer before execution — in U.S. Treasury futures markets while trading for the Citigroup Global Markets Inc. unit of…

Category: Regulations