The importance of purposeful anti-money laundering controls
Speaker: Mark Steward, Executive Director of Enforcement and Market Oversight, Financial Conduct Authority (FCA)
Event: AML & ABC Forum 2021
Delivered: 24 March 2021
Note: This is the speech as drafted and may differ from the delivered version
- Two of our biggest sanctions in the last 12 months ...
Australia's ASIC bans the sale of binary options to retail clients
The Australian Securities and Investments Commission (ASIC) in Australia has made a product intervention order banning the issue and distribution of binary options to retail clients.
The ban will take effect from Monday 3 May 2021 after ASIC found that binary options have resulted in and are likely to result ...
The rise and fall of Wirecard, a German tech champion
Payments firm Wirecard collapsed last year in Germany’s biggest post-war fraud scandal. A parliamentary inquiry is in progress, with German Chancellor Angela Merkel and Finance Minister Olaf Scholz due to testify in April 2021.
The German government examined the possibility of bailing out Wirecard just three days before it collapsed ...