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Review of firms’ treatment of customers in vulnerable circumstances

Under the Consumer Duty, firms should act to deliver good outcomes for all customers, including those with characteristics of vulnerability. We will conduct a review into how firms are acting to understand and respond to the needs of customers in vulnerable circumstances, and share our findings by the end of 2024. This is in line...

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Convicted money launderer meets confiscation order after imprisonment for failure to pay

Money launderer and ex-solicitor, Dale Robert Walker (64), has fully satisfied his confiscation order after being sentenced to 62 days’ imprisonment for previously failing to pay his order. We prosecuted Mr Walker in April 2015 and he was convicted of: aiding and abetting the carrying on of an unauthorised regulated activity in the UK without...

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ASIC cancels AFS licence of Suetonius Wealth Management Pty Limited

On 11 March 2024, ASIC cancelled the Australian Financial Services (AFS) licence of Sydney based financial services provider, Suetonius Wealth Management Pty Limited (Suetonius). ASIC had suspended Suetonius’ AFS licence from 17 November 2023 to 28 February 2024, to give the provider the opportunity to lodge its financial statements and audit reports for the years...

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Silverbird Global Limited (SGL) enters special administration

SGL provides foreign exchange and payment services to corporate clients and is also an Electronic Money Directive (EMD) Agent for The Currency Cloud Limited (TCCL) which can distribute or redeem electronic money (e-money) and provide certain payment services on behalf of an e-money institution. SGL is authorised by the FCA to provide payment services under the...

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YNAMIC DIGITAL LOGIC

Name: DYNAMIC DIGITAL LOGIC Address: 56-61 High Street, Eltham, SE9 1TD Telephone: 16592206975 Email: [email protected] Website: WWW.dynamicdigitallogic.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the...

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WAVE PRO TRADE

Name: WAVE PRO TRADE Address: 55-61 HIGH ST, ELTHAM, SE9 1TD Telephone: 07342540066 Email: [email protected] Website: https://waveprotrade.com/ Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the...

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BLUEBITS CAPITAL

Name: BLUEBITS CAPITAL Address: 25 Bank St, London, UNITED KINGDOM, E14 5JP 200 S Biscayne Blvd, Miami, FL, UNITED STATES OF AMERICA Email: [email protected] Website: www.bluebitscapital.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details...

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HENDRIXXOPTIONS

Name: HENDRIXXOPTIONS Email: [email protected] Website: www.hendrixxoptions.live Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.

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Federal Court finds Finder Earn product was not a financial product

The Federal Court has found that Finder Wallet Pty Ltd did not provide unlicensed financial services in relation to crypto-asset related product Finder Earn. ASIC alleged that the Finder Earn product was a debenture. This is because customers deposited money with Finder Wallet on the understanding that their money would be repaid, together with a...