Search Results for: warning
CBA warns for possible account fraud when sharing banking passwords with fintech start-ups
August 22nd, 2016
Commonwealth Bank of Australia has sent alarming emails to thousands of its customers who are engaging with fintech start-ups, warning that sharing internet banking passwords could invalidate the protection CBA provides from losses on accounts relating to fraud. But Acorns, which is competing with the banks’ retail wealth divisions, says CBA’s communication is ...
EuroFX: How British Firms Built a Pyramid Scheme in China That Lost Millions
August 19th, 2016
The foreign exchange fraudsters hid in the cracks between international jurisdictions. As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. Byrne, 52, is a British ...
Dollar edges up, but on track for weekly loss
August 19th, 2016
The dollar wallowed close to eight-week lows against the euro on Friday, and was poised for weekly losses against its major counterparts, after minutes of the U.S. Federal Reserve’s July meeting revealed central bank policymakers were in no hurry ...
Bitcoin Exchange OKCoin Fined in Money Laundering Case
August 16th, 2016
Chinese Bitcoin exchange OKCoin was recently fined for unknowingly aiding money laundering operations on its platform. The Beijing-based company, which records the maximum daily Bitcoin volume, has been ordered by the Heilongjiang Provincial Court to cough up 627,569 Yuan ...
Certain financial derivatives such as binary options, CFDs with leverage will be restricted by FSMA
August 16th, 2016
The Financial Services and Markets Authority (FSMA) of Belgium has issued an announcement to inform that the authority establishes a framework for the distribution of OTC Derivatives (Binary options, CFDs, etc.). According to FSMA’s announcement, the distribution of certain ...
Accounting software firm Sage has been hit by a data breach affecting a number of its customers
August 16th, 2016
Accounting software outfit Sage Group has been hit by a data breach affecting between 200 and 300 of its customers. The company told Reuters the breach was a misuse of an employee login. This post by Richard De Vere at “The AntiSocial Engineer” ...
FINRA Fines Deutsche Bank Securities Inc. $12.5 Million for Inadequate Supervision of Internal Communications
August 9th, 2016
The Financial Industry Regulatory Authority (FINRA) today announced it has fined Deutsche Bank Securities Inc. $12.5 million for significant supervisory failures related to research and trading-related information it disseminated to its employees, called ‘hoots’ or ‘squawks,’ over internal speakers ...
Bitfinex looks for fresh funding; spreads losses across all user acounts
August 8th, 2016
Hacked Hong Kong bitcoin exchange Bitfinex is looking to raise fresh funding to compensate user who lost out as a result of a $71 million currency theft last week. In the interim, the exchange is sharing the losses across ...
ASIC warns investors about Titantrade.com
August 4th, 2016
ASIC is warning the public not to click on any advertising being marketed under the brand ‘Titantrade’, a website by which trading in binary options is being offered. A binary option is a financial product, in particular a derivative, ...
Dollar steady, sterling waits for BoE rate cut decision
August 4th, 2016
The dollar held steady above a recent six-week low on Thursday, while sterling stayed in a tight range with expectations running high that the Bank of England will cut interest rates for the first time since 2009 in a ...
