A settlement has been reached with the CIF Magnum FX (Cyprus) Ltd (“the Company”) for possible violations of the Investment Services and Activities and Regulated Markets Law of 2017 (“the Law”)and the Directive DI144-2014-14 of the Cyprus Securities and Exchange Commission for the prudential supervision of investment firms (“the Directive”). More specifically, the investigation for which the settlement was reached, following information collected from an onsite inspection in the Company in January 2020 and onwards, concerning, the period between January 2019 until July 2020,
with regard to the Company’s compliance with:
The settlement reached with the Company, for the possible violations, is for the amount of one
The Company has already paid.
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