Search Results for: Fraud
Thomson Reuters Reports First-Quarter 2016 Results
April 27th, 2016
Thomson Reuters (TSX / NYSE: TRI) today reported results for the first quarter ended March 31, 2016. The company also re-affirmed its 2016 full-year outlook. Reported revenues declined 1%. Before currency, revenues grew 1% Excluding recoveries, revenues increased 2% ...
Artificial Intelligence seen as opportunity and threat by financial services sector
April 26th, 2016
New global survey reveals tensions between optimism and unease Majority believe AI and other fintech will make financial markets more competitive by 2018 But more than three-quarters say regulators are unable to keep pace with changing technology Sixty percent ...
City of London Police seized £30 million suspected to have been generated in FX markets and Ponzi schemes
April 26th, 2016
A South Wales man has been arrested by the City of London Police in possession of bankers’ drafts worth £30 million in what is believed to be the biggest ever money seizure made by UK law enforcement. The funds ...
SWIFT warns for a malware aims to reduce financial institutions’ abilities
April 26th, 2016
SWIFT is aware of a malware that aims to reduce financial institutions’ abilities to evidence fraudulent transactions on their local systems. Contrary to reports that suggest otherwise, this malware has no impact on SWIFT’s network or core messaging services. ...
ASIC permanently bans Sydney finance broker
April 22nd, 2016
ASIC has permanently banned Ms Giulia Penna, of Five Dock, New South Wales, from engaging in credit activities and also from providing financial services. Ms Penna was banned following an investigation by ASIC into her conduct as an agent ...
Now this car maker has admitted faking emissions test results
April 20th, 2016
Japanese car manufacturer Mitsubishi has admitted its employees falsified fuel economy tests data. The company confirmed that fuel efficiency tests broke Japanese rules in at least 600,000 of its vehicles, of which 157,000 part of its own-brand light vehicles and 468,000 ...
Israeli police collaborate with French regulator; 15 FX company directors under criminal investigation
April 20th, 2016
4XP, BForex, Sisma Capital, Tradaxa and Aston Invest involved in a massive scam operation that took an average of €210,000 from each victim The world of Forex and Binary Options scams in Israel is being dragged out by a ...
FCA UK reports about unauthorised firm
April 20th, 2016
We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised individual and how to protect yourself from scammers. Almost all ...
FSMA updated its list of unauthorised investment firms in Belgium
April 19th, 2016
The Financial Services and Markets Authority (FSMA) has issued an announcement to inform that the Authority has updated its list of providers of/intermediaries in binary options and forex products, “recovery rooms” and “boiler rooms”, all operating unlawfully in Belgium. ...
CFTC Announces Additional Names to Its List of Foreign Entities that Illegally Solicit U.S. Residents in Forex and Binary Options
April 19th, 2016
Registration Deficient (RED) List on CFTC Website Identifies Companies Operating Illegally without Being Registered As part of the U.S. Commodity Futures Trading Commission’s (CFTC) ongoing efforts to help protect Americans from fraud, today the agency announced the addition of ...
