Tag: APAC

ASIC, AFS licence
November 27, 2020 BY Steffy Bogdanova

ASIC cancels AFS licences of Jels Financial Group and Selectinvest

The company also failed to lodge its audited accounts for the 2017-19 financial years. Companies holding an AFS licence must lodge their financial statements and auditor’s reports annually. ASIC decided to cancel Selectinvest’s licence because the company failed to maintain its external dispute resolution membership with the Australian Financial Complaints Authority (AFCA) and had failed…

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FMA warning
November 25, 2020 BY Steffy Bogdanova

Winn Group Ltd, bslcorporationltd.co and others added to FMA warning list

YuanPay Group Associates names: YuanPay Group International SA, Yuan Payments Group International SA Website: https://yuanpaygroup.com and https://yuanpaymentsys.com The FMA stated YuanPay Group has been advertising their trading services in Chinese digital Yuan with fake news articles featuring a New Zealand celebrity. In addition, the digital yuan product is not available for trading.None of YuanPay Group…

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Australia
November 24, 2020 BY Steffy Bogdanova

National Stock Exchange of Australia trade acceptance services go live

The exchange plans to to promote DESS as a standalone alternative to CHESS and is now looking for regulatory and government cooperation to allow post-trade participants the choice between using DESS or CHESS as interoperable sub-register systems, via our proposal for a regulated “structural separation” of CHESS and ASX Clear functions. The DESS system will…

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HKEX
November 24, 2020 BY Steffy Bogdanova

HKEX introduces new settlement acceleration platform Synapse

Mike Bodson, President & CEO at DTCC added: We are pleased to be a part of this important effort to bring increased levels of post-trade automation and reduced risk to cross-border trade flows into China, leveraging global best practices. Our ITP services are utilized by thousands of clients around the world, and we look forward…

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FMA warning
November 18, 2020 BY Steffy Bogdanova

Business Choice Partners Group Limited, Bitcoin Future and others added to FMA warning list

The regulator provided details of the bank account used by Business Choice Partners Group Limited: Account Name: Xiong Yin Qiong Account Number: BKCHHKHH 012-593-009-223-5 Bank Name: Bank of China (Hong Kong) Account Name: Cq Yeyou Trading Co Ltd Bank Name: The Currency Cloud Limited Account Name: ePaylinks Technology CO Limited Bank Name: Bank of China…

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ASIC
November 17, 2020 BY Steffy Bogdanova

ASIC brings charges to former BitConnect promoter John Bigatton

ASIC alleges that Bigatton served as a Australian National Representative of an online cryptocurrency platform BitConnect and cryptocurrency investment scheme BitConnect Lending Platform between 14 August 2017 and 18 January 2018. ASIC claims Bigatton operated an unregistered managed investment scheme known as the BitConnect Lending Platform in Australia and that he provided unlicensed financial advice…

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