Keep hitting! CySEC added 2 fraudulent websites to its warning list

The Cyprus Securities and Exchange Commission (CySEC) has published a list of unauthorized companies, of which two fraudulent websites have been added to its warning list, and it is alleged that none of these entities are Cyprus Investment Company (CIF).

The SEC has accused Coinbase of operating an unregistered crypto asset trading platform

The U.S. Securities and Exchange Commission (U.S. SEC) on Tuesday charged cryptocurrency firm Coinbase, Inc. Operating crypto asset trading platforms belonging to unregistered national stock exchanges, brokers and clearing houses. It also accused Coinbase

Lantern RE Ltd\'s Australian financial services licence suspended

The Australian Securities and Investments Commission (ASIC) announced yesterday that it has suspended Lantern RE Ltd\'s (Lantern) Australian Financial Services (AFS) licence until 29 May 2024. Lantern is the responsible entity for the registered managed i

Belgium\'s FSMA has issued a warning on 38 new fraudulent trading platforms

Belgium\'s Financial Services and Markets Authority (FSMA) on Monday issued a warning against 38 new fraudulent trading platforms that have appeared on the Internet in recent weeks.

ED raids in India have uncovered a VIPS Group MLM scam involving INR 1.25 billion

The Enforcement Agency of India (ED) recently raided the premises of VIPS Group and Global Affiliate Business in Pune and Ahmednagar, seizing its assets worth Rs 185.4 crore under the Foreign Exchange Management Act (FEMA).

Cboe releases trading data for May: Average daily global currency pair turnover is close to $42 billion

Cboe Global Markets, Inc. (Cboe), a leading provider of global market infrastructure and tradable products, has released monthly trading statistics for May 2023 for its global business lines. Its average daily turnover of global currency pairs (ADTV) was

South Korea will abolish the registration requirement for foreign investors on December 14 this year

South Korea\'s Financial Services Commission (FSC) announced today that the government adopted the revised Implementation Order of the Financial Investment Services and Capital Markets Act (FSCMA) at a cabinet meeting held on June 5, abolishing the regist

An African Ghanaian singer has been extradited to the United States over a two million dollar Internet fraud

"The court documents allege that the scammers would get victims to transfer money to them under false pretenses - such as helping to move gold from overseas to the United States, resolving fake FBI investigations, and making payments to help imperson

Securities Commission Malaysia Investor Alert List updated: 25 companies named

The Securities Commission Malaysia (SC) has updated its Investor Alert list and according to its website data, 25 unauthorised websites, investment products, companies and individuals have been added to its alert list in May 2023.

Jpmorgan Chase will close 21 branches of First Bank

The closures represent about a quarter of the bank\'s 84 branches in eight states. It is the biggest bank failure since the 2008 financial crisis. In May, the bank was seized by regulators and later sold to jpmorgan.

Jx released trading data for May 2023: Derivatives trading volume rose sharply month-on-month

The Japan Exchange Group (JPX) today released its trading overview for May 2023. The exchange\'s derivatives trading volume surged 35.6 per cent month-on-month, the data showed. (20 trading days in May 2023)

Not registered! Seven foreign exchange traders have been warned by Switzerland\'s FINMA

The Swiss Financial Market Supervisory Authority (FINMA) is mandated by the Swiss government to supervise various financial institutions in its capacity as a supervisory authority. FINMA\'s forex dealers are required by law to be registered as banks, but

The U.S. Commodity Futures Trading Commission (CFTC) has warned about the risks of clearing digital assets

"We note an increase in registration activity for crypto commodity derivatives clearing and also note that some of the proposed models employ a non-intermediary market structure. Unless we introduce parallel regulatory rules, these crypto derivatives

Uae issues new anti-money Laundering and anti-terrorist financing guidelines

The Central Bank of the United Arab Emirates (UAE) has issued new anti-money laundering and anti-terrorist financing guidelines for financial institutions dealing with virtual assets, the central bank said on Wednesday.

Criminals impersonating Belgian FSMA employees to defraud consumers!

Specifically, these bad actors misused FSMA\'s name and logo and impersonated its employees to mislead consumers, Victims were contacted by email at no-replyfsma@outlook.com, ldavis@finglobalsolution.com and recovery@tfsma.com. They contact victims of inv