Search Results for: US authorities
Tonnes of fake goods worth USD 25 million seized in worldwide operations
July 18th, 2018
Pharmaceuticals, food, vehicle parts, tobacco products, clothing, and agrochemicals are among tonnes of fake goods seized in INTERPOL-led operations across four continents. Coordinated by INTERPOL between March and May 2018 in 36 countries across Africa, Asia, the Middle East ...
Swiss lawyer jailed for telling tales about Russian business clients to British and US agencies
June 7th, 2018
Matthew Parish, a lawyer from Geneva, has been sentenced to two months in a Swiss jail for libel and breaking attorney-client privilege after two Russian oil traders accused him of blackmailing them. According to a criminal complaint filed against ...
Use of behavioural insights may help educate investors, say IOSCO/OECD
June 1st, 2018
Financial regulators, public authorities, and other organisations are increasingly using behavioural insights to educate investors to make more informed financial decisions, according to a report published today by the International Organization of Securities Commissions (IOSCO) and the Organisation for ...
Regulators launch operation to crack down suspicious cryptocurrency investment schemes
May 22nd, 2018
Securities regulators across the United States and Canada announced dozens of investigations Monday into potentially deceitful cryptocurrency investment products, the largest coordinated crackdown to date by state and provincial officials on bitcoin scams. As many as 70 investigations have ...
CFTC opens access to Indian Futures market for U.S. customers
May 18th, 2018
The Commodity Futures Trading Commission (CFTC) issued an order to the National Stock Exchange of India (NSE) as part of its longstanding program of regulatory deference to foreign regulatory frameworks. Through its Part 30 exemptive program the CFTC provides ...
Supervisory authorities around the world warn for unauthorised financial services firms
April 13th, 2018
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), Hong Kong (Securities and Futures Commission – SFC), Austria (Financial Market Authority – FMA), France (Autoritè des Marches Financiers ...
One of largest financial supervisory authorities in Europe released a letter about ICOs
April 2nd, 2018
BaFin, the Federal Financial Supervisory Authority in Germany and one of the largest financial supervisory authorities in Europe has published an advisory letter about Initial Coin Offerings and the classification of tokens as financial instruments. For some time now, ...
European Authorities warn consumers of risks in buying virtual currencies
February 13th, 2018
The European Supervisory Authorities (ESAs) for securities (ESMA), banking (EBA), and insurance and pensions (EIOPA) have issued a pan-EU warning to consumers regarding the risks of buying Virtual Currencies (VCs). The ESAs are concerned that an increasing number of ...
Swiss banks crack down on suspected Saudi money laundering
December 6th, 2017
Banks in Switzerland have started reporting suspicious account activities among some of their Saudi clients to the Swiss Money Laundering Reporting Office, reports the Financial Times. The regulator is reportedly reviewing data on potentially suspicious transactions linked to Saudi ...
China and Australia to cooperate on fintech
November 6th, 2017
The China Securities Regulatory Commission (‘CSRC’) and Australian Securities and Investments Commission (‘ASIC’) have entered into an agreement to promote innovation in financial services in their respective markets. The Information Sharing Co-operation Agreement further underlines the significance of the ...
