CySEC Alert: Beware of criminals impersonating CySEC officials!

The Cyprus Securities and Exchange Commission (CySEC) announced yesterday that it has uncovered new cases of fraud posing as CySEC officers and representatives.

Liquidation plan approved! Bankrupt crypto lender Voyager will return 35% of customers\' deposits

Bankrupt cryptocurrency lender Voyager Digital (Voyager) said on Wednesday that it is shutting down its operations and that customers will soon get back about 35 percent of their cryptocurrency deposits after a failed takeover attempt by cryptocurrency ex

Stone Edge Capital Ltd\'s Cyprus investment company licence revoked

The Cyprus Securities and Exchange Commission (CySEC) announced yesterday that it revoked the Cyprus Investment Company (CIF) licence of Stone Edge Capital Ltd, No. 311/16.

Affected by different jurisdictions, the claims of victims of black platform RoFx were rejected by the US court

According to the investors\' lawsuit, which seeks class certification for common law fraud and unjust enrichment claims, between 2018 and 2021, the operator, "RoFx," composed of Ukrainians, operated a fake forex trading service platform through

Crypto or the Age of Regulation? The European Union has approved the world\'s first set of comprehensive regulations for crypto assets

Following the collapse of cryptocurrency exchange FTX, regulating the cryptocurrency industry has become more urgent for regulators. Sweden\'s Finance Minister, Elisabeth Svantesson, said: "Recent events have confirmed the urgency of developing rules

May 35 brokers customer account profit and loss data released! 9 brokers saw a decrease in customer loss rates

This paper collected a total of 35 brokers\' profit and loss ratio data for customer accounts in May 2023, among which, because Blackwell Global\'s data has not been updated for a long time, and its customer account loss ratio is low, in order to avoid af

Money mules involved in more than 1400 cases! Singapore police arrested 363 suspected fraudsters

On May 12, police said they were helping investigate their alleged involvement in more than 1,400 scams, with victims reportedly losing more than $6 million. These include job scams, loan scams, e-commerce scams, online dating scams, impersonating governm

"High returns" are not credible! Indian businessman cheated of Rs 1.12 crore in Bitcoin investment scam

The victim, a 46-year-old resident of Vadgaon Sheri, Pune, lodged a report at the Cyber police station in Shivajinagar over the incident. Police have opened a case against Daniel Cooper, Alexander Hoodhead and two others responsible for the possession of

Manipulative and deceptive transactions, HSBC Bank USA, N.A. He was fined $45 million

The U.S. Commodity Futures Trading Commission (CFTC) recently issued an order against HSBC Bank USA, N.A. (HSBC), a temporary registered swap dealer, along with charges and a settlement with it. The order accuses HSBC of manipulative and deceptive trading

Philippine police rescued 1,090 people who were trafficked into the country due to cryptocurrency scams

Michelle Sabino, a spokesperson for the Philippine National Police\'s Anti-Cybercrime unit, explained how cryptocurrency fraud works. She alleged that employees were coached to convince outsiders to buy crypto assets or deposit funds into fraudulent bank

More than $1 billion fraud solved! Australian investigators arrested 80 people after a three-year chase

Ken Gamble, a New South Wales based cybercrime investigator and IFW\'s global chairman, launched a global investigation to crack down on the elaborate boiler room scam. The scam uses high-pressure sales tactics through call centers to convince investors t

CLSA Premium will suspend its margin trading business

CLSA Premium, a Hong Kong-based currency broker, disclosed at its annual general meeting on Friday that it had decided to suspend the operations of its margin trading business, which includes the group\'s margin trading and bullion trading operations.

Guidelines on Reporting International Balance of Payments Statistics through Banks (2023 Edition) issued by SAFE

Recently, the State Administration of Foreign Exchange on the issuance of the bank through the Balance of Payments statistics reporting business guidelines (2023 version) notice clearly, in order to further standardize the bank through the balance of paym

China Banking and Insurance Regulatory Commission issued the "Agricultural Insurance Actuarial Provisions (Trial)"

Specifically, the Provisions make it clear that the standard formula for agricultural insurance rates is: rate = base rate × rate adjustment factor. Where, the benchmark rate = benchmark net risk loss ratio/target loss ratio, target loss ratio =1- additio

The risk control line of financial institutions remains fragile, and external fraud poses a greater threat

Affected by the environment, geopolitics, market performance and other factors, the risk control situation of financial institutions is becoming increasingly severe. In this context, how can financial institutions cope with the increasing popularity of on