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FCA

Capital Markets

CFD Providers Implement New FCA Guidelines

Andrew Samu 28/07/2023 No Comments

FCA

FCA Review finds weaknesses in challenger banks’ financial crime controls

22/04/2022

Consumer Finance

humm receives green light from FCA to launch regulated consumer finance products in the UK market

22/02/2022

FCA

GCEX Expands Global Footprint with New Office in Kuala Lumpur

22/02/2022

Capital Markets Hot News News Regulator

CFD Providers Implement New FCA Guidelines

July 28, 2023

The regulation of CFDs varies by jurisdiction. Many CFD providers have a presence in jurisdictions like Cyprus, as well as in off-shore locations.

Press Release

FCA Review finds weaknesses in challenger banks’ financial crime controls

April 22, 2022

A recent review conducted by the Financial Conduct Authority (FCA) has found that some challenger banks have significant weaknesses within their financial crime controls, and need to improve how they assess financial crime risk.

Press Release

humm receives green light from FCA to launch regulated consumer finance products in the UK market

February 22, 2022

Humm Group Limited (humm) has been approved as an authorised provider of consumer credit by the Financial Conduct Authority.

Press Release

GCEX Expands Global Footprint with New Office in Kuala Lumpur

February 22, 2022

GCEX, an FCA regulated digital brokerage that enables brokers, funds and professional traders to access deep liquidity in digital assets and FX has opened an office in Kuala Lumpur.

Blockchain Digital Assets News

How I Bluffed My Way to a Six-Figure Job Offer From Binance’s Regulatory Team (Part Three)

January 27, 2022

To my mind remarkably, Binance seemed to find my minimal regulatory knowledge sufficient to believe I was indeed an expert of ten years’ experience, and duly offered me the role of Senior Regulatory Advisor.

Blockchain Digital Assets News

How I Bluffed My Way to a Six-Figure Job Offer From Binance’s Regulatory Team (Part Two)

January 20, 2022

Is Binance serious about becoming “even more compliant?” Or are they simply seeking to hire a couple of people who appear to be experts, just so they can say to the regulators that they have? The company might make grand announcements about doubling its number of compliance staff, but that does not mean much if this is how they are going about their recruitment.

Banking Regulator

What do we know about the new CEO of Barclays?

January 4, 2022

How much of the Ghislaine Maxwell trial affected the exit of previous CEO, Jes Staley, is hard to say. But today is all about the new CEO of Barclays. Coimbatore-Sundararajan “C. S.” Venkatakrishnan, or 'Ventak'.

Press Release

Bank of England increasingly nervous that a crypto time-bomb is ticking

October 13, 2021

With unregulated crypto assets growing 200% this year alone from just under $800 billion to $2.3 trillion, and banks and hedge funds now becoming involved, the Bank of England is worried about contagion if the value of coins and tokens held deflates rapidly.

Digital Assets

Why are investors turning to Coinpass?

September 15, 2021

Press Release

Fusion Risk Management Anticipates and Exceeds Needs of Financial Institutions Ahead of New Operational Resilience Regulations

April 28, 2021

Fusion continues to grow rapidly and now counts five global systemically important banks (GSIBs), 50% of the top 10 largest US domestic banks, and more than 120 leading financial institutions globally as customers.

AML / KYC Banking Regulator

NatWest’s Unwelcome Surprise for the City of London

March 16, 2021

The FCA alleges that increasingly large cash deposits were made into the customer’s accounts. It is alleged that around £365 million was paid into the customer’s accounts, of which around £264 million was in cash.

Press Release

Quva – the fintech firm digitally transforming the investment sector

March 8, 2021

Quva is a powerful software product built by investment professionals for investment professionals.

Fintech Regulator

Smoooth Dogg’s Klarna on the radar for the FCA

February 2, 2021

‘The use of BNPL products nearly quadrupled in 2020 and is now £2.7 billion, with 5 million people using these products since the beginning of the coronavirus pandemic.’

Digital Assets

Is the SEC fallout the end of the road for XRP?

January 14, 2021

We wrote about the dire warnings released by the FCA just this week as well. Following on from which it is also widely reported that banks in the UK are preventing their customers from depositing gains from their cryptocurrency assets.

Digital Assets Regulator

Bitcoin Never Sleeps, can the Regulators and Investors afford to?

January 12, 2021

This time the peak came on the 8th of January, and perhaps the FCA might have released a statement a few days before the peak, rather than on the Monday morning following the peak.

AML / KYC

Banks on the hitlist for UK’s anti-money laundering crusade

November 10, 2020

It is easy to see why, in the context of the UK, such a law may be needed. Of the more than 460,000 Suspicious Activity Reports sent by UK banks to the UK Financial Intelligence Unit in recent years for suspicious transactions, the government’s Law Commission concluded that many were of “low-quality” and that many banks had a poor understanding of their reporting obligations, reporting less to assist the authorities than to avoid a law suit.