Search Results for: UK Financial Conduct Authorit
FCA secures orders for victims of unauthorised share scheme; Nearly £3.62m in restitution
May 7th, 2020
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued today a press release to inform that the High Court today ordered four individuals and one company to pay ...
iSignthis and NSX Limited enter into ClearPay Joint Venture
February 20th, 2020
ClearPay JV will develop a Delivery versus Payment (“DvP”) platform, which is planned to supersede the current (T+ various days delayed for the clearing and settlement) process offered by current incumbent domestic and global stock exchanges. The development will ...
Coronavirus and credit – a perfect storm
February 19th, 2020
This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results. At the time of writing, analysts are still trying to get to grips with the virus’s ...
Gold’s outlook for 2020
January 3rd, 2020
This article is an overview of the economic conditions that will drive the gold price in 2020 and beyond. The turn of the credit cycle, the effect on government deficits and how they are to be financed are addressed. ...
Teenage trader lost £500,000 as he
led luxury lifestyle with supercars
October 3rd, 2019
A teenager who drove luxury cars while claiming to be a millionaire trader lost £500,000 of investors’ cash and has been reported to authorities. Morgan Reeve, from Hunstanton, set up Morgan FX Limited in July last year and bragged ...
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 ...
FCA warns public of investment scams as over £197 million reported losses in 2018
February 7th, 2019
The Financial Conduct Authority (FCA) is warning investors to be vigilant to the threat posed by investment scammers, as data from Action Fraud reveals over £197 million1 of reported losses in 2018. Victims were scammed out of over £29,000 ...
Cross-border testing pilot for innovative firms open to applications
February 1st, 2019
The Global Financial Innovation Network (GFIN) – a group of 29 international organisations including the Financial Conduct Authority – is inviting applications from firms wishing to test innovative financial products, services or business models across more than one country ...
Individual sentenced to 5 years’ imprisonment for defrauding investors
December 3rd, 2018
The Financial Conduct Authority (FCA) has issued a press release to inform that an individual sentenced to 5 years’ imprisonment in FCA prosecution of £3m investment fraud. In accordance the FCA’s press release, Mark Barry Starling, aged 57 of ...
Beware of unauthorised companies and websites offering investment services
November 29th, 2018
Financial Regulators around the world issued warnings for companies and websites that are offering investment, financial and insurance services without the required authorisation. In accordance the warnings issued, the supervisory authorities of the United Kingdom (Financial Conduct Authority – ...
