Search Results for: fCA
European markets opened higher Monday; Stocks in Asia traded higher Monday
June 10th, 2019
European markets opened higher Monday after U.S. President Donald Trump announced that proposed tariffs on Mexican imports would be suspended indefinitely. The pan-European Stoxx 600 climbed 0.4% in early trade, basic resources leading gains with a 1.3% rise. Trump ...
UK watchdog warns about Forex and Crypto scams; Victims lost on average over £14,600 last year
May 29th, 2019
The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms. This warning comes as cryptoassests (crypto) and forex investment scams reports more than tripled last ...
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 ...
UK financial regulator releases updated guidance on EU departure preparations
February 28th, 2019
The Financial Conduct Authority (FCA) has published updated information to help support regulated firms in finalising their preparations for as smooth a transition as possible when the UK leaves the EU. It is urging firms to ensure they are ...
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 ...
UK Regulator consults on cryptoassets guidance
January 30th, 2019
The FCA, the conduct regulator for financial services firms and financial markets in the UK has issued an announcements to inform that is consulting on guidance, which, once finalised, will set out the cryptoasset activities it regulates. The guidance ...
Bitcoin could be overseen by UK’s financial regulator
December 21st, 2018
The UK government has said it stands ready to empower Britain’s financial regulator to oversee all cryptocurrency assets, after a warning from MPs that bitcoin and other cryptocurrencies were “wild west” assets that exposed consumers to a host of ...
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 ...
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 – ...
