Archives
Towards a new regime for crypto-assets in France; Optional visa regime for ICOs
April 25th, 2019
The PACTE draft Bill (Action Plan for Business Growth and Transformation) was adopted at its final reading in the French National Assembly on 11 April 2019. Once enacted, the law will establish a framework for fundraising via the issuance ...
Standard Chartered Bank fined for poor AML controls
April 25th, 2019
The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed ...
Forex trading scheme charged in $75 Million fraud
April 25th, 2019
The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in federal court in Florida against Sarasota area defendants Oasis International Group, Limited (OIG), Oasis Management, LLC (OM), Satellite Holdings Company (Satellite), Michael J. DaCorta (DaCorta), Joseph S. ...
Wrong handling of user data may cost up to $5B for Facebook
April 25th, 2019
Facebook said Wednesday it expects to shell out between $3 billion and $5 billion to settle the FTC’s ongoing investigation into its handling of user data, foreshadowing a potentially massive penalty from the nation’s top consumer protection agency. The ...
Dutch Beneficial Ownership Register effective 2020
April 25th, 2019
The Dutch Government has confirmed that a registry of ultimate beneficial owners of companies will enter into force in the Netherlands from January 2020. Legislation to implement the UBO register was submitted to the lower house of parliament on ...
Clothes billions in worth imported in EU in 2018; Form where do they come?
April 25th, 2019
The EU Member States imported clothes worth €166 billion in 2018, just over half of which came from non-EU Member States (51%, or €84 billion). Compared to 2013, import of clothing to the EU Member States increased in value ...
U.S. dollar traded close to a near two-year peak; Gold prices were little changed on Thursday
April 25th, 2019
Gold prices were little changed on Thursday as a firm dollar nullified support from faltering equities and a slew of weak economic data from far and wide that raised flags about the pace of global economic growth. Spot gold ...
Spotware Opens FX Industry for Startups
April 18th, 2019
Spotware, an award-winning trading solutions provider, has announced that cTrader is a go-to solution for startup brokers who would like to enter the FX industry with a premium technology, full support, and global recognition in minimum time and costs. ...
ISXPay Australian Card Processing Facilities
April 10th, 2019
Highlights ISXPay™ now processing Australian merchants in $AUD, $USD, $GBP, $EUR, $SGD, $HKD Includes best of class multicurrency options to complement CFD, FX & Equity brokers Incorporates full Paydentity® platform, with electronic verification, DVS and our patented payment instrument ...
CySEC announced settlement of 200.000 euro with a Cyprus Investment Firm
March 27th, 2019
The Cyprus Securities and Exchange Commission (CySEC) has issued today an announcement to inform that reached a settlement with a Cyprus Investment Firm for possible violations of The Investment Services and Activities and Regulated Markets Law of 2017 – ...
