Assurance Cover Australia Pty Ltd Australian financial services licence revoked

The Australian Securities and Investments Commission (ASIC) today announced that it has cancelled the Australian Financial Services (AFS) licence of Assurance Cover Australia Pty Ltd (ACA), with the revocation order effective from 5 April 2023.

A BBC report reveals the vast global fraud network behind EverFX

In December 2022, FX110 network reported in the "Head of Cyprus broker EverFX Arrested, suspected of defrauding billions of Euros!" The article reports that Spanish police have arrested the head of the defunct broker EverFX in Barcelona. Accordi

Daniel O \'Brien: Overthrow the dollar - Will the BRICS replace it?

Since then, Russia\'s economic ambitions have moved from words to deeds. China\'s yuan replaced the US dollar as Russia\'s most commonly used currency on April 4, the latest in a series of moves by BRICS members to de-dollarize in the wake of Russia\'s in

"Bad regulatory environment"? Binance.US cancels $1.3 billion Voyager asset acquisition deal

A spokesperson for Binance.US said ina statement: "The regulatory environment in the United States is hostile and uncertain, creating an unpredictable environment for doing business that has impacted the entire American business community. We are foc

Russia will introduce a new payment system with "no restrictions"

Russian banks have been exploring ways to create digital rubles as a way to move away from the US dollar. According to a July 2021 report by the U.S. Congressional Research Service, the Russian government accelerated its de-dollarization in 2014, noting t

Hong Kong\'s Securities and Futures Commission ordered 10 brokers to freeze client accounts linked to the social media trading scam

The ten brokers involved are as follows: China Industrial Securities International Brokerage Limited, Quam Securities Limited, Futo Securities International (Hong Kong) Limited, Imperium International Securities Limited, Lego Securities Limited, Phillip S

Americans will lose $1.3 billion in 2022 due to love

Be wary of the now-popular 2023 Romance scam, where fraudsters pretend to be rich in cryptocurrency and convince their love targets to invest as well by sending them a link to download an app. The fake app even displays the data as if it were showing your

Canada\'s financial regulator has issued rule changes to strengthen disclosure requirements for investment funds and segregated fund costs

The Canadian Securities Regulatory Commission (CSA) and the Insurance Regulatory Commission of Canada (CCIR) have issued rule changes aimed at strengthening Total Cost reporting (TCR) disclosures for investment Funds and individual Segregated fund contrac

Institutional currency trading volumes rose for the third straight month, with Cboe Posting the largest month-on-month increase

The trading volume of the major institutional platforms in the world for March 2023 has been announced, showing an overall upward trend. The report covers the average daily volume (ADV) of institutional currency trading volumes across six major venues, na

Blacklist update! CySEC has issued a warning against eight illegal investment websites

The Cyprus Securities and Exchange Commission (CySEC) has updated its blacklist of unregulated entities by adding eight new websites belonging to entities that are not authorized to provide investment services and/or carry out investment activities.

Fraud Alert! Dugausbe Bank warns against cloning its new website

Dukascopy Bank, a Swiss financial transaction services provider SA) of the brand to the new one using the web site, https://www.jdh023.top/index/login/login/token/0c1e7103c3e0e56edb5f978f03103f9f. The site is unregulated and does not belong to Dugosbe Ban

P27 Nordic Payments has again withdrawn its application for a clearing licence

In the statement, Paula da Silva, CEO of P27, said: "The company\'s vision is to provide better payment infrastructure to the 27 million people living in Northern Europe and has set out an optimistic timeline. Recently, it became clear that our visio

Falsely claiming to be registered with the CFTC! Fourteen entities have been charged

The U.S. Commodity Futures Trading Commission (CFTC) announced on Friday that it has charged 14 entities for falsely claiming to be registered with the CFTC as Futures commission merchants (FCM) and retail currency pair dealers (RFED), as well as members

Credit Suisse bondholders are suing Swiss regulators over the cancellation of $17bn in bonds

Bondholders of Credit Suisse Group AG have reportedly filed a lawsuit against Switzerland\'s banking regulator. The value of the additional Tier 1 bonds they hold accounts for $4.5 billion of the $17 billion in bonds the company has liquidated.

April 36 brokers customer account profit and loss data released! The average loss rate was 73.34%

Among them, Blackwell Global ranks first with a profit share of 56.67% of customer accounts. Darwinex is close behind, with a 42% share of account earnings. Other brokers in the top 5 for account earnings are FXOpen (40%), Swissquote (38%), City Credit Ca