ThinkMarkets further highlighted that the new entity is regulated by the New Zealand Financial Markets Authority (FMA). The company’s clients in the region can trader more than 4,000 financial instruments on the ThinkTrader platform, which is available on mobile, web and desktop. Nauman Anees, CEO and co-founder of ThinkMarkets, commented: We are delighted to expand…
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Margot Gatland, FMA Head of Enforcement, said: The anti-money laundering and counter financing of terrorism regime is an important pillar to maintaining the integrity of New Zealand’s financial markets, so we take non-compliance seriously. Our case alleges Tiger Brokers failed to appropriately vet customers, respond to activities that should have raised concerns, and maintain records…
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However, the regulator clarified that it is not sufficient for derivatives issuers to prove they can meet the provisions of their license, they should maintain the NTA requirements. Greig added: Western Union’s contraventions left open the possibility of client harm and loss, and its continued entry into transactions that gave rise to further liabilities increased…
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Sberbank Europe issued a statement on the current situation: In the light of the latest geopolitical developments, several banks of Sberbank Europe Group registered significant outflow of client deposits within a very short time. In some subsidiary banks, this resulted in long waiting times in branches and partially in restricting the amount of daily cash…
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The regulator noted that the company has taken steps to address and remedy these breaches. The official announcement stated: AxiCorp has since demonstrated to the FMA that it has taken adequate steps to address the material breaches and that it has adequate systems, processes and resources in place to ensure compliance with the FMC Act…
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According to the FMA, the breaches occurred between September 2015 and July 2020. Jarden, formerly NZ Capital Securities, acquired OMF in 2019. The company self-reported to regulator in September 2020. During the period of the violations, the FMA found that OMF transferred its own money into the trust account meant to hold derivative investor money…
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Liam Mason, FMA General Counsel, said: Advertising can significantly influence people’s investment decision making, so it’s critical that firms’ marketing materials don’t mislead or confuse consumers. The FMA noted in its announcement that the format of some ads is limited like banners on social media platforms and webpages. The regulator expects firms to ensure ‘click…
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Chief Marketing Officer, Angelo D’Alessio, commented: This is a key milestone for TMGM. Expanding our global reach has been an important focus for us. Since the success of the Australian Open sponsorship, widening our reach was a natural step for us in this journey. Securing the FMA license further solidifies our commitment to expanding our…
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www.cjcmarketsglobal.biz/ Website: www.cjcmarketsglobal.biz/ Phone: + 91 97642 16796 The FMA warned that the website www.cjcmarketsglobal.biz/ is contacting individuals via private messages and are falsely claiming to be authorised and licensed by the FMA. The website is in fact not associated with or authorised by the NZ incorporated company, Carrick Just Capital Markets Limited Trading As CJC…
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winngroups.com Websites: https://www.winngroups.com/ Emails: [email protected] The FMA warned that the website winngroups.com is not associated to or authorised by the UK registered company Winn Group Ltd and is falsely purporting to be so. winngroups.com has been taking unauthorized payments from investors’ accounts. Wendav Limited (Wendav) Websites: https://www.wendavlimited.com/ Emails: [email protected] The FMA was advised that investments with…
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