Search Results for: British Virgin Islands
British Virgin Islands Regulatory Authority warns for unauthorised investment services firms
January 5th, 2016
The Regulatory Authority of British Virgin Islands, Financial Services Commission (FSC), has issued a warning to inform public and investors for firms claim to be incorporated, licensed and regulated in the British Virgin Islands. Specific, FSC, warns that the ...
NFA bars two British Virgin Islands firms from membership
August 31st, 2015
National Futures Association (NFA) has permanently barred Primary Assets Management Corporation (Primary Assets), an NFA Member commodity trading advisor and commodity pool operator, and Accredited Investment Management Corp. (Accredited Investment), a former NFA Member introducing broker, from membership. Peter ...
EU puts Cayman Islands on tax haven blacklist
February 19th, 2020
The European Union has added the Cayman Islands, a UK overseas territory, to its tax havens blacklist. It joins Oman, Fiji and Vanuatu, which have also been accused of failing to crack down on tax abuse. Oxfam, which lobbies ...
A resident of Denmark charged in $1.5 million Forex fraud scheme
May 25th, 2020
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform about the filing of an enforcement action in the U.S. District Court for the Southern District of New York, charging defendant Casper Mikkelsen, a/k/a “Carsten Nielsen,” a/k/a ...
Principal of Binary Options trading firm to a pay $200,000 penalty
August 5th, 2019
The U.S. Commodity Futures Trading Commission issued an order filing and settling charges against Curtis Dalton of Middleton, Massachusetts, requiring him to pay $200,000 for offering illegal off-exchange retail commodity transactions to U.S. and overseas customers while failing to ...
BVI hires second attorney to stay off EU’s blacklist
November 8th, 2018
The Government of the British Virgin Islands (BVI) has hired another attorney from the UK to draft legislation intended to keep the territory off the European Union’s blacklist of tax haven jurisdictions. The government will not be incurring any ...
Is money-laundering scandal at Danske Bank the largest in history?
September 27th, 2018
The Russian-speaking caller refused to give a name but the threat was explicit: “Do you really feel you can walk home safely at night?” It was 2013 and officers at the Estonian branch of Danske Bank were beginning to ...
Warning Signs About Another Giant Bitcoin Exchange
November 22nd, 2017
As the price of Bitcoin has soared, the virtual currency has edged toward the mainstream. Square, the fast-growing payments company run by the Twitter co-founder Jack Dorsey, has begun selling Bitcoins to ordinary consumers, and the Chicago Mercantile Exchange ...
Isle of Man: We’re no tax haven study concludes
August 2nd, 2017
The Isle of Man might be branded a tax haven by its critics. But that’s not the conclusion of research by academics at the University of Amsterdam. Their study ranks 24 ’sink’ and five ’conduit’ offshore finance centres – ...
Gallant Capital Markets has filed for bankruptcy
April 19th, 2017
Gallant Capital Markets Ltd which operates the retail forex broker GCMFX has upload an announcement on its website informing that effective 5pm E.T. on 14 April 2017, Gallant Capital Markets Ltd has filed for a voluntary petition under chapter ...
