by Jyotsna Bucktowar | Feb 18, 2025
The HKMA reminds the public that banks will not send SMS or emails with links directing customers to websites for transactions. Banks will also never request sensitive information like login passwords or One-Time Passwords via phone, email, or SMS. Anyone who has...
by Jyotsna Bucktowar | Feb 18, 2025
Mako executed £92.2bn in circular equity trades on behalf of Solo Group clients, enabling withholding tax reclaims in Denmark and Belgium, earning £1.45m in commission. The FCA’s investigation, its eighth and final into cum-ex trading, resulted in over £30m in fines,...
by Jyotsna Bucktowar | Feb 6, 2025
Cash shop was fined for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations…
by Jyotsna Bucktowar | Jan 24, 2025
The case concerns ‘wash trades’ conducted through Al Ramz’s online trading platform, where there was no change in the ultimate beneficial ownership. These trades are viewed as potential market abuse, as they can distort the supply, demand, or price of an...
by Jyotsna Bucktowar | Jan 22, 2025
DNB’s examination of de Volksbank reveals that de Volksbank does not adequately monitor its customers for money laundering and therefore fails to detect risks or does not detect risks in time. This means it is in non-compliance with the Anti-Money Laundering and...
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