Schroders receives nod for majority-owned wealth JV in China with BOCOM
British fund manager Schroders has reportedly secured the clearance to launch a majority-owned wealth management JV with a unit of…
Purpose Investments secures regulatory nod to introduce Bitcoin ETF
Toronto-based Purpose Investments has received the green light from Canadian securities regulators to launch a direct custody Bitcoin ETF. Dubbed Purpose Bitcoin ETF, the new offering is said to be the…
15 Feb 2021
German watchdog warns Goldman Sachs to abide by AML rules
BaFin, the financial watchdog of the Germany, has ordered the European arm of the investment banking giant Goldman Sachs to comply with rules to prevent money laundering and terrorist financing.…
05 Feb 2021
US SEC obtains asset freeze order against Virgil Capital
The US Securities and Exchange Commission (SEC) has obtained an order to freeze assets and other emergency relief against crypto fund manager Virgil Capital over alleged securities fraud. The steps,…
30 Dec 2020
Charles Schwab UK hit with £8.96m fine for failing to safeguard client assets
The UK’s Financial Conduct Authority has fined stockbroking firm Charles Schwab UK (CSUK) £8.96m for its failure to safeguard the assets of clients. The lapses are said to have taken place between August…
22 Dec 2020
FCA repeatedly failed to spot LCF red flags, investigation finds
The Financial Conduct Authority (FCA) consistently failed to adequately regulate and supervise London Capital and Finance (LCF), an independent investigation has found. The investigation, led by Dame Elizabeth Gloster, assessed…
18 Dec 2020
Credit Suisse indicted for money laundering linked to Bulgarian drug case
Credit Suisse along with a former manager of the bank have been indicted by the Office of the Attorney General of Switzerland (OAG) for money laundering linked to a Bulgarian…
18 Dec 2020