Monthly Archives: November 2018

FCA warns against Avant Finance/ Avant Credit (clone of authorised firm)

Reason: Unregulated, Fraudulent Comment: Avant Finance/ Avant Credit is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm.Date: 16/11/2018Link: https://www.fca.org.uk/news/warnings/avant-finance-avant-credit-clone-authorised-firm

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FCA warns against Assurance ET Capital Partners (clone of EEA authorised firm)

Reason: Unregulated, Fraudulent Comment: Assurance ET Capital Partners is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm.Date: 15/11/2018Link: https://www.fca.org.uk/news/warnings/assurance-et-capital-partners-clone-eea-authorised-firm

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FCA warns against Goose Investments

Reason: UnregulatedComment: Goose Investments has been providing financial services or products in the UK without being authorised by the FCA.Date: 15/11/2018Link: https://www.fca.org.uk/news/warnings/goose-investments

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FCA warns against GMT Crypto (clone of authorised firm)

Reason: Unregulated, Fraudulent Comment: GMT Crypto is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm.Date: 16/11/2018Link: https://www.fca.org.uk/news/warnings/gmt-crypto-clone-authorised-firm

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FMA Austria warns against Minax PTE LTD

Reason: UnregulatedContent of Penalty: Minax PTE LTD www.minax.io info@minax.io is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore not permitted to issuance and administer payment instruments on a commercial basis (Article 1 para. 1 no. 6 BWG). Date: 15/11/2018Link: https://www.fma.gv.at/en/minax-pte-ltd/

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 The Institute For the Future (IFF) at the University of Nicosia announces its partnership with PumaPay.

unic

 The Institute For the Future (IFF) at the University of Nicosia announces its partnership with PumaPay. PumaPay becomes a founding member of the Institute for the Future, a new interdisciplinary research center of the University of Nicosia that aims to expand the understanding of blockchain and AI as well as their effective integration, contributing to their effective application in industry, government, ...

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CySEC suspends Fenix Capital Markets Trading Ltd

Reason: Non CompliantContent of Penalty: The Cyprus Securities and Exchange Commission announces that the authorisation of the Cyprus Investment Firm Fenix Capital Markets Trading Ltd (‘the Company’), number 308/16, is suspended in whole, pursuant to section 71(6)(c) of Τhe Investment Services and Activities and Regulated Markets Law of 2017 (‘ the Law’) and section 10(1) of Directive DI87-05 for The ...

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Cryptocurrency: IMF Managing Director suggests central banks to issue digital currency

cryptocurrency

Managing Director, International Monetary Fund (IMF), Christine Lagarde has suggested central banks globally to consider issuing digital currency to make transactions more secure. In a speech given at the Singapore Fintech Festival, the IMF chief argues that a CBBD could satisfy public policy goals, such as financial inclusion, security and consumer protection and enable privacy in payments. According to her, ...

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FCA warns against Access Loan

Reason: UnregulatedComment: Access Loan has been providing financial services or products in the UK without being authorised by the FCA.Date: 14/11/2018Link: https://www.fca.org.uk/news/warnings/access-loan

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FCA warns against Harper Wealth Management

Reason: UnregulatedComment: Harper Wealth Management has been providing financial services or products in the UK without being authorised by the FCA.Date: 14/11/2018Link: https://www.fca.org.uk/news/warnings/harper-wealth-management

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