1. RegTech Open Project Joins the London Stock Exchange Main Market
The RegTech Open Project (RTOP) has successfully joined the London Stock Exchange Main Market through a direct listing, supporting the global launch of its Orbit open platform and SaaS solutions. This move aims to help customers maintain a competitive edge and compliance in uncertain markets. Additionally, LSEG has collaborated with Microsoft among others to develop AI models, while appointing Irfan Hussain as the new Chief Information Officer.
2. ASIC Suspends the Financial Services License of Navigate Global Payments
The Australian Securities and Investments Commission (ASIC) announced the suspension of Navigate Global Payments Pty Ltd's financial services license until October 18, 2023, due to its voluntary entry into liquidation. Nick Combis was appointed as the liquidator for Navigate, and ASIC encourages clients to stay updated. This follows the cancellation of FTX Australia Pty Ltd's license last month and a warning issued against www.payback-recovery.com for claiming to assist victims of online fraud in reclaiming their funds.
3. The State Bank of Vietnam Joins the ASEAN Regional Payment System
The State Bank of Vietnam has officially joined the ASEAN Regional Payment Connectivity (RPC) project, aimed at achieving faster, more economical, transparent, and inclusive cross-border payments. This initiative is led by the central banks of Indonesia, Malaysia, the Philippines, Singapore, and Thailand, and strives to facilitate seamless payment transactions within the ASEAN region.
4. The Swiss FINMA Grants 950 Licenses to Portfolio Managers and Trustees
The Swiss Financial Market Supervisory Authority (FINMA) recently disclosed that as of June 30, 2023, out of 1749 applications for portfolio manager and trustee licenses, 950 have been granted. By the end of the transition period in 2022, 931 institutions had received licenses, including 8 that were granted both portfolio manager and trustee licenses. Additionally, since the beginning of 2023, 10 institutions have received licenses, with one receiving a dual license.
5. Unauthorized Operations! BaFin Investigates the Operator of the Website vitalinvest.org
The German Financial Regulatory Authority, BaFin, warns that the illegal website vitalinvest.org is suspected of providing financial and investment services without authorization. The site claims to operate and be registered in the UK, yet fails to provide relevant regulatory proof, with the operators forging payment confirmation letters.
6. UK FCA Adds 39 Unauthorized Companies to the Blacklist
Last week, the UK Financial Conduct Authority (FCA) issued warnings against 39 new companies operating within the UK jurisdiction without the necessary permits or impersonating authorized platforms. The regulatory body highlights the inclusion of companies such as GOLDTREASUREFX, MYBANKRATE.ONLINE, FIRST OPTION FX LTD, Insolvency practitioners, Angel Finance / Angel Finances among the 39 unauthorized institutions.
7. Swedish Financial Supervisory Authority: Investment Fraud Warnings Reach Record High
The Swedish Financial Supervisory Authority alerts to a rise in investment fraud risks, with warnings issued in the first half of the year reaching a record level. With blockchain payments and remote access becoming new trends in fraud, the public is urged to be wary of high-risk trades.
8. FTX Hires Galaxy to Assist in Digital Asset Management and Bankruptcy Plans
FTX has recruited digital asset company Galaxy as a consultant to help hedge, sell, and pledge digital assets. Galaxy will assist FTX in reducing price risk before selling blockchain and will manage the pledging of blockchain to earn interest. FTX filed for bankruptcy in 2022, planning to complete the bankruptcy process by the second quarter of 2024.
9. Glow Token Founder Defrauded of $250,000, Sues Crypto.com
Bryan Lawrence, the founder of Glow Token, is taking Crypto.com to court, claiming the exchange violated the contract, leading to his being defrauded and losing over $250,000. Lawrence claims he conducted due diligence but fell victim to a fraud impersonating employees and is now seeking legal assistance.
10. The Rise of "GTC-X" Black Platform: Behind the MTFE Ponzi Scheme Collapse
The MTFE Ponzi scheme exposure: Nurunnabi revealed as the mastermind behind, suspected of online fraud, now has created a new black platform "GTC-X". Investors face heavy losses, with the Das team's transactions exceeding one hundred million and many businessmen suffering significant damage. Authorities are now investigating.
11. France's AMF Updates Unlicensed CFD Brokers Warning List
The French Financial Markets Authority (AMF) has updated the warning list of unlicensed CFD brokers, including 10 websites, warning investors to be vigilant of financial fraud risks. The list comprises: www.rn-investing.com, logiccryptofx.net, www.cityinv260.com, www.fortuna-invest.com, elvivainvest.com/fr
, amoslimited.co, acapitalgroup.co, www.erzinex.com, fusiontrade.co, introtrade.pro
