Search Results for: UK FCA
NatWest fined £264.8 million for anti-money laundering failures
December 14th, 2021
The Financial Conduct Authority (FCA), the conduct regulator in UK for around financial services firms and financial markets, has issued an announcement to inform that National Westminster Bank Plc (NatWest) was fined £264,772,619.95 following convictions for three offences of ...
ISX Demerger of profitable European businesses & associated assets
September 17th, 2021
iSignthis Limited (ASX: ISX), a leading payments and identity technology company, has issued an announcement to inform that: iSignthis Limited (ASX: ISX) is exploring a proposed demerger of subsidiary ISX Financial EU Ltd (ISXFEU), by way of a reduction ...
ThinkMarkets Enables 24/7 Crypto CFD Trading
January 20th, 2021
The award-winning globally regulated brokerage marks a new milestone for cryptocurrency traders worldwide Leading multi-asset brokerage company ThinkMarkets is expanding it’s product offering for cryptocurrency traders. The broker is extending trading hours for its cryptocurrency line of trading products. ...
Instagram users ripped off for £400k in a month in Forex scam
September 4th, 2020
Instagram users are being ripped off by investment con artists – with UK victims handing over nearly £400,000 in just one month. Britain’s national fraud reporting centre was bombared with 164 complaints in June alone, representing a total loss ...
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 ...
Beware of unauthorised companies offering investment and financial services
June 19th, 2019
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Hong Kong (Securities and Futures Commission – SFC), Spain (Comisión Nacional del Mercado de Valores – CNMV), Austria (Financial Market Autority – FMA), Malta (Malta Financial Services ...
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 ...
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 ...
Alert! Beware of companies offering financial services without the required license
December 14th, 2018
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), China (Financial Supervisory Commission Chinese Taipei – FSC), Holland (Netherlands Authority for the Financial Markets – AFM), Sweden (Finansinspektionen), ...
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 ...
