Fenergo

Mizuho Americas Taps Fenergo for KYC AML Process…

Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, announced today that Mizuho Americas has deployed Fenergo’s software to improve the customer onboarding experience and drive efficiencies, so that…

Danske Bank

Danske Bank Using Quantexa Following Change in AML…

Fortune 500 institution Danske Bank, with 3.3 million personal and business customers and over 2000 corporate and institutional customers, is announcing sweeping changes to its Anti-Money Laundering strategy, turning to London-headquartered analytics firm Quantexa to…

Finra

FINRA Fines Janney Montgomery Scott For Inaccurate Reports

Between October 1, 2014, and April 4, 2018, the firm submitted approximately 6.6 million inaccurate or incomplete Reportable Order Events (ROEs) to OATS. Broker-dealer Janney Montgomery Scott LLC has agreed to pay a $90,000 fine…

BAFIN DE

German Regulator Acts Against Trading Platform TradInvestor

BaFin prohibits unauthorised deposit operations and orders winding-up of this business. Germany's Federal Financial Supervisory Authority today confirmed that it has taken action against Ez Education which operates the trading platform “TradInvestor”. This follows the…

ASIC

ASIC Ensures Licensees Meet their AFCA Membership Obligations

After commencing operations on 1 November 2018, the Australian Financial Complaints Authority (AFCA) advised ASIC that 58 financial services licensees and 217 credit licensees, who previously held external dispute membership with one of the previous schemes,…

Investor Alert: Is Your Broker Selling You Investments…

The SEC’s Office of Investor Education and Advocacy (OIEA) and Retail Strategy Task Force are warning investors about red flags that a broker may be running a side business offering investments that are not approved…

ASIC applies to appoint liquidator to Superfunded

ASIC has applied to the Federal Court of Australia for the appointment of a liquidator to Superfunded Pty Ltd, a WA-based company that encouraged customers to set up self-managed super funds. (Superfunded) In particular, ASIC…