Bitzlat, a cryptocurrency exchange, laundered hundreds of millions of dollars to support Russia? Founder arrested in the United States

The US authorities have filed charges against the founder (Russian) of Bitzlato, a Hong Kong based cryptocurrency exchange, claiming that the exchange has been used to launder hundreds of millions of dollars from dark networks. Anatoly Legkodymov, the mai

Malaysia Securities Commission Investor Warning List Update

The Securities Commission of Malaysia (SC) has updated the investor warning list, which includes unauthorized websites, investment products, companies, and individuals. Please note that this list is not exhaustive and is only used as a reference for inves

FSCS in the UK expects a 5% increase in costs from 2023 to 2024 due to claims issues

The Financial Services Compensation Scheme (FSCS) in the UK recently announced a projected management fee of £ 89.2 million for 2022/23 and £ 99.8 million for 23/24. This forecast fee includes the daily operating costs of FSCS and related claim processing

German BaFin Investigates Unauthorized Platform UUEX

BaFin stated that investors can find information on whether a company has obtained BaFin authorization in their company database. In addition, BaFin, the German Federal Criminal Police and the German State Criminal Police suggest that investors should mai

StoneX Markets LLC received a $1 million penalty for violating multiple NFA compliance rules

The National Futures Association (NFA), a self-regulatory organization in the derivatives industry in the United States, has imposed a fine of $1 million on StoneX Markets LLC, a registered swap dealer and NFA member, for violating multiple compliance rul

FSCS Announces Management Expense Budget for 2023/24: Claims Complex, Costs May Rise

Caroline Rainbird, Chief Executive Officer of FSCS, stated: "Claims processing infrastructure and support are the largest portion of the proposed management expenses for 2023/24, reaching £ 75.9 million, accounting for 76% of the total budget. This e

BaFin Investigates Unauthorized Platform F.W International

The official announcement stated that F.W International proactively contacted German clients of Trading Global (Hoxton), a trading platform operated by LTD, hoxglobal.com, and claimed to conduct business for the company through its own platform, financewi

Regulatory Information This Week: BaFin Investigates Unauthorized Broker Teredo Group Ltd in Germany

This week, the German Federal Financial Supervisory Authority (BaFin) announced that Teredo Group Ltd, a broker located in Saint Vincent and the Grenadines, did not comply with the requirements of the German Banking Act by conducting banking business or p

Malaysia Securities Commission updates investor warning list, two cloning companies listed

The Securities Commission of Malaysia (SC) has updated the investor warning list, which includes unauthorized websites, investment products, companies, and individuals. Please note that this list is not exhaustive and is only used as a reference for inves

CME Group\'s international daily average trading volume reached a new high in 2022, with a year-on-year increase of 15%

The world\'s leading derivatives exchange, CME Group, announced today that its international daily average trading volume (ADV) in 2022 reached 6.3 million contracts, an increase of 15% from 2021 and a record high. This is mainly driven by the growth of s

Serious issues with anti money laundering control measures! GT Bank fined over $7.6 million by FCA

The Financial Conduct Authority (FCA) has imposed a fine of £ 7671800 on the bank Guaranty Trust Bank (UK) Limited (GT Bank) due to serious deficiencies in its anti money laundering (AML) system and controls between October 2014 and July 2019. Since 2018,

The overall decline in retail currency deposits among the top five brokers in the United States in November was 18.3%, with the highest number falling by 18.3%

According to data from the United States Commodity Futures Trading Commission (CFTC), the retail currency deposits of customers by currency brokers in the region decreased in November 2022 compared to the previous month. The data covers all CFTC registere

Attention! Oxford Exchange OXD Platform FCA Regulation Cancelled

After investigation, the female Xia made an astonishing discovery: the Oxford Exchange license has expired. The female Xia first inquired about the Oxford Exchange\'s own regulatory number 769915. According to the FCA official website, the platform is no

Swissquote violated temporary advertising regulations and was fined 75000 Swiss francs by the SIX sanctions committee

The sanctions committee of the Swiss Stock Exchange (SIX) has fined Swissquote Group Holding SA (Swissquote) 75000 Swiss francs for violating temporary advertising regulations. SIX Exchange Regulatory Corporation (SER) is responsible for overseeing and en

Cboe Global Markets released full year data for 2022, with multiple trading indicators reaching historic highs

Cboe Global Markets, Inc., a leading supplier of global market infrastructure and tradable products, released trading volume statistics for its global business lines for December 2022 and the entire year 2022. During global trading hours, the trading volu