CySec hands diminutive fine to AFX Capital Markets for series of operational transgressions which came to the regulator's attention subsequent to a compliance inspection in February 2013.
Read moreTradeo does what is "best for business" by becoming full scale regulated EU broker under CySEC, this should allow the company to operate with more freedom as well as with higher margins moving forward...
Read moreCySec commenced consultation on the exposure to company directors and shareholders recently. Advocate Tal Ron extrapolates the caveats to be considered by FX firms including the splitting of capital between bank accounts On April 10 this year, CySec issued a consultation paper which relating to the exposures to directors and shareholders. In order to ensure…
Read moreCypriot division of Kiev-based institutional and retail brokerage firm found to have not maintained correct anti-money laundering procedure Cypriot regulatory authority CySec has today imposed a €12,000 total administrative fine on the Cyprus division of institutional and retail multi-asset brokerage firm Dragon Capital. The company, whose head office is in Kiev, Ukraine, has operations in…
Read moreParent of binary options brokers ZoneOptions and 24Options gets into the retail FX business Cypriot binary options holdings company Rodeler has today launched a new brokerage under the moniker 24FX, setting its sights on accruing a retail FX client base. The newly-established firm will provide its traders with a choice of two platforms, namely MetaTrader…
Read moreWhilst virtual currencies have polarized the opinions of governments worldwide, CySec takes a conservative view, today issuing a warning to potential bitcoin traders Less than one day subsequent to the Singaporean financial markets regulatory authority having made its intention to regulate virtual currency intermediaries public, the ubiquitous Cypriot regulator, which operates in an island with…
Read moreCyprus' regulator urges investor caution regarding SiliconValley Markets and FXTTCM Cypriot financial markets regulator CySec has today published a warning to potential investors regarding a company operating in the name of SiliconValley Markets Ltd, stating that it the company does not hold the relevant CIF license which is required for firms offering retail FX accounts…
Read moreThe first two brands use Tradologic’s platform while the latter is based on SpotOption’s solution The list of licensed binary options brokerages is expanding as the regulatory crackdown that CySEC has pledged after the start of the new year is driving more brands to obtain a CIF license. The latest batch includes two brands that…
Read moreCyprus regulators seem intent on making up ground on the perception that they let things slide before the banking crisis. Lately we have seen Cyprus' financial regulator CySEC make some interesting pronouncements on issues such as client bonuses, tax evasion and money laundering, in attempt (in our view) to 'lay down the law' and make…
Read moreRegulatory pressure on Cypriot companies firming up, this time its about tax dodging Cypriot financial regulatory authority CySEC has released a press release today detailing information regarding an upcoming proposal by the European Commission that is aimed to fight terrorist financing and money laundering activities. CIFs by no means are expected to determine whether their…
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