Tag: watchdog

  • HK watchdog fines Lion Futures Restricted $2.8M for regulatory breaches

    Hong Kong’s Securities and Futures Fee (SFC) has reprimanded and fined Lion Futures Restricted (LFL) $2.8 million for failures in complying with anti-money laundering and counter-terrorist financing (AML/CFT) and different regulatory necessities between Might 2017 and July 2019. The SFC’s investigation discovered that LFL didn’t conduct any due diligence on the shopper provided programs (CSSs)…

  • NZ watchdog points interim cease order in opposition to David McEwen and entities linked to him

    The Monetary Markets Authority (FMA) of New Zealand has made an interim cease order in opposition to David Elgar McEwen and entities related to him from making gives of economic merchandise and from accepting any additional or new deposits or investments in respect of these monetary merchandise. The interim cease order additionally prevents Mr McEwen,…

  • UK competitors watchdog will increase informant reward as much as £250K to crack down on cartels

    The UK Competitors and Markets Authority (CMA) is strengthening its enforcement work in opposition to unlawful cartels and providing a reward of as much as £250,000, elevated from £100,000, to individuals who inform the CMA about illegal cartel exercise they’ve witnessed. Unlawful cartels – companies which cheat their prospects by agreeing to not compete as…

  • NZ watchdog censures Aurora Monetary for deceptive purchasers

    New Zealand’s Monetary Markets Authority (FMA) has censured Aurora Monetary Group Restricted for deceptive current and potential purchasers about KiwiSaver returns. Following a overview, the FMA discovered that Aurora Monetary materially contravened two market companies licensee obligations, sections 19 and 22 of the Monetary Markets Conduct Act 2013. Aurora Monetary – a monetary recommendation supplier…