Category: Regulations

The Financial Conduct Authority (FCA) has fined Citigroup Global Markets Limited (Citigroup Global Markets) £12,553,800 for failing to properly implement the Market Abuse Regulation (MAR) trade surveillance requirements relating to the detection of market abuse. By failing to properly implement the MAR trade surveillance requirements, Citigroup Global Markets could not effectively monitor its trading activities […]

The Financial Conduct Authority (FCA) has called on victims of Richard Faithfull to come forward by 12 September 2022 in order to ensure they be part of any claim for compensation. On Thursday 9 September 2021 Richard Faithfull was found guilty of money laundering, contrary to s.327 Proceeds of Crime Act 2002 as part of […]

It has actually involved the focus of the Central Bank of Ireland (‘ Central Bank’) that a fraud entity by the name Northstate ( Commonwealth of Dominica), previously running the internet site www. northstate.io, has actually been asserting to be an investment company/ financial investment firm in the State in the lack of suitable authorisations. […]

It has actually concerned the focus of the Central Bank of Ireland (‘ Central Bank’) that Allconi Bank Administration Limited( Ireland)– https://www.allconi-bank.eu.com(no more in procedure) – has actually been holding itself out as a lender in the State in the lack of an ideal authorisation. A checklist of unsanctioned companies released to day is readily […]

It has actually involved the focus of the Central Bank of Ireland (‘ Central Bank’) that an illegal entity has actually been running as an insurance policy/ reinsurance company in the State in the lack of proper authorisations. In this circumstances, the illegal entity duplicated and also posed a legit Central Bank authorized company in […]

The Central Bank of Ireland has actually involved with monetary solutions companies to strengthen its customer security assumptions of all controlled companies that additionally run as Direct Debit producers (DDOs). This complies with an evaluation of strategies sent from the monetary solutions companies that are among the top 20 DDOs in Ireland, which laid out […]

The Central Bank of Ireland invites today’s magazine of the Central Bank (Individual Accountability Framework) Bill 2022 The Central Bank will certainly remain to collaborate with the Department of Finance throughout succeeding phases as the regulation proceeds via the Oireachtas to implementation. As soon as the Bill has actually been established the Central Bank plans […]

Central Bank Economic Letter discovers that, while home down payments enhanced throughout all euro-area nations throughout the pandemic, Irish down payment development was amongst the greatest, went beyond just by Baltic nations. Unlike Ireland, these nations had extremely high pre-pandemic down payment development, noting the Irish experience as outstanding. While the infection as well as […]

The FCA has warned firms that offer Buy Now Pay Later (BNPL) products that although some agreements are unregulated the financial promotions of all BNPL products must comply with the financial promotion rules. Unauthorised firms might be committing a criminal offence if they don’t have an FCA-authorised firm approve their financial promotions.   Authorised firms selling […]

It has actually pertained to the interest of the Central Bank of Ireland (‘ Central Bank’) that a fraud entity by the name Northstate ( Commonwealth of Dominica), previously running the internet site www. northstate.io, has actually been declaring to be an investment company/ financial investment firm in the State in the lack of proper […]