Warning Savings protection Warning The AMF and the ACPR warn the public against the activities of several entities offering investments in Forex and in crypto-assets derivatives in France without being authorized to do so

1.1 Fri 29/10/2021 - 12:00 Reference texts article 223-1 du règlement général de l’AMF Book 1 Recommendation Closing of the 2021 financial statements and financial statements examination work Closing of the 2021…

A survey of banks conducted by the Swiss Financial Market Supervisory Authority FINMA shows that there is a need for action in addressing digital fraud risks, particularly in the areas of operational risk management and preventing money laundering. FINMA published its findings today in a new guidance.

Welcome to Horizon, DLA Piper’s monthly bulletin reporting on late-breaking legislative and policy developments in sustainability. Our aim is to scan the litigation, enforcement, and regulatory horizon to help inform business decisions....By: DLA Piper

Central Bank of Ireland today published the annual Financial Conditions of Credit Unions Report, which provides an update on the financial performance and position of the sector for the financial year ended 30 September 2025.

On 21 November 2025, we imposed restrictions on Bazar Money Transfer Limited (BMTL), preventing it from providing regulated payment services. BMTL is registered with the FCA to provide money remittance services to retail and corporate customers.As BMTL was no longer meeting the conditions for registration as a small payment institution, we acted to impose restrictions to protect consumers, preventing BMTL from carrying out any regulated payment services.Following representations made by BMTL, on 6 March 2026, we issued a Second Supervisory Notice, keeping the restrictions in place.Anyone who needs to send or receive money should use an alternative authorised or registered payment services firm.Any BMTL customers who haven’t received expected funds should contact our Supervision Hub.BMTL is also not registered to carry on cryptoasset business and must not provide these services to customers.More informationYou can read the Second Supervisory Notice which outlines our concerns and the basis for imposing the restrictions.Find out more about the restrictions on the Financial Services Register.The FCA is the anti-money laundering and counter-terrorist financing supervisor of UK cryptoasset businesses under the Money Laundering Regulations (MLRs).Any cryptoasset exchange provider or custodian wallet provider which operates its business in the UK must be registered with the FCA – Cryptoassets: Who needs to register.

the jersey institute of directors (iod) introduced comprehensive ai adoption guidelines to assist directors and senior leaders in navigating the complexities of integrating artificial intelligence (ai) into their organisations. these guidelines aim to address hesitations around ai adoption and provide a structured framework for responsible and effective implementation. key highlights: strategic importance of ai: ai is no longer optional but a strategic priority for businesses, offering opportunities to enhance productivity, customer experiences, and competitive positioning. five-step framework for ai adoption: identify use cases aligned with business goals and return on investment (roi). address cultural and technical barriers to adoption. plan internal and external resources for implementation. establish governance structures for safe and ethical ai use. define metrics to measure success and impact. ai readiness assessment: a tool to evaluate organisational preparedness across data, talent, technology, culture and governance. ethical and responsible ai: emphasis on fairness, transparency, accountability, and compliance with data protection laws. governance and risk management: boards are encouraged to adopt robust oversight mechanisms, including ai governance policies, risk management frameworks and ethical principles. workforce transformation: ai adoption requires upskilling employees, fostering collaboration, and addressing concerns about job displacement. why ai matters: ai offers transformative potential by enabling data-driven decisions, automating routine tasks, and creating new business opportunities. however, its adoption must be guided by strategic alignment, ethical considerations and measurable outcomes. the iod jersey guidelines provide a roadmap for directors to confidently lead ai initiatives, ensuring alignment with organisational values and long-term goals. by fostering a culture of innovation and responsible use, businesses can harness ai as a tool for sustainable growth and competitive advantage. for more details, the press release can be found here and the guidelines here

On 2nd April 2026, the Financial Conduct Authority (FCA) and Bank of England (BoE) (the Regulators) invited expressions of interest from market participants to join a new taskforce in relation to transaction and post-trade reporting.SummaryThe Regulators explained that the purpose of this taskforce is to inform the design of their long-term approach to harmonising transaction and post-trade reporting requirements.The Regulators further explained that the taskforce would comprise of three working groups with the following individual objectives:   Policy group: Identifying and assessing opportunities for harmonising data collected under UK MiFIR, UK EMIR and UK SFTR and reviewing and sharing feedback on proposals to support the simplification of reporting of the data. Strategy group: Providing strategic insight from industry experience to help simplify transaction and post-trade reporting and exploring how harmonisation will benefit reporting firms’ overall wholesale market activity.   Architecture group: Identifying and assessing opportunities to leverage modern technologies, architecture and data to simplify and streamline transaction and post-trade reporting.  The Regulators set out that the working groups will each be co-chaired by the Regulators and that members will be appointed in a personal capacity. Next stepsThe Regulators also set out duration of the appointment will be for an initial period of 18 months, after which it will be reviewed, and that the working groups will meet on a regular basis, normally every 2 months, but they may meet more frequently, if necessary, to carry out their responsibilities.The deadline for applications is 23 April 2026.

2 April 2026 ICMA, jointly with with AFME and ISDA, published an updated briefing paper on the changes of the Systematic Internaliser (SI) regime on bonds and derivatives. The original briefing paper provides information about the practical implications of the changes to the SI regime and the introduction of DPE/DR regimes, with some guidance that the de-registration of bond/derivative SIs is to be expected, with no adverse effect on post-trade reporting or the provision of liquidity. The updated briefing paper now also includes information about the de-registration in the UK, following the FCA Policy Statement in November 2025, as well as some further information around the EU de-registration. 

François-Louis Michaud will take up his position as Chair of the European Banking Authority (EBA) as from the 16 April 2026, following today’s formal appointment by the Council of the European Union.

 The FSMA is receiving increasing numbers of reports of dubious WhatsApp groups, in which fraudsters share so-called exclusive investment tips or promote fraudulent trading apps.  How does the fraud work?Consumers find advertisements on social media (often Facebook or Instagram) for WhatsApp groups where, it is claimed, exclusive analyses of financial markets and profitable investment tips are shared. These advertisements are often published via pages that fraudulently use the name and logo of well-known banks and news services. These are cases of identity theft.Consumers who click on the advertisement are added to WhatsApp groups. These groups are managed by people who pose as prominent economists or CEOs of investment firms. These are also cases of identity theft.In these WhatsApp groups, consumers are encouraged to participate in lotteries. This is most likely a way to obtain consumers’ personal data. In addition, consumers are urged to purchase specific American listed shares. The aim appears to be to manipulate those share prices. This is also known as a 'pump and dump' operation. Lastly, these WhatsApp groups also promote fake applications for trading in cryptocurrencies. Which entities are involved in this scam?The FSMA notes that the fraudsters who manage the WhatsApp groups often pretend to be economists, people from the academic or business world, and well-known figures. For example, the FSMA has received reports of identity theft involving the following people:Colmant BrunoDe Bondt JanDe Bondt WernerGuenter ThomasHendelman SeanLynch PeterMckay RandyNoels GeertPraet PeterRutsaert Nicolas In addition, the fraudsters also claim that they work for authorized (often foreign) financial service providers, in particular: Bolero (KBC Bank NV)Loomis Sayles (Netherlands) B.V.SFM UK Management LLPUniversa Investments LPWilliams Jones Wealth Management LLCWatch out! These are cases of identity theft. The WhatsApp groups have, in fact, no connection whatsoever with authorized institutions. Consumers also reported that they were referred to a company called Nanolite Foundation, which uses the website nanolite-foundationnlf.com.The managers of the WhatsApp groups also try to persuade consumers to download fake applications, such as:BLRKXGS FLUXLSCINVNLF INTSFM VALORSXMKTUNIVLPThe FSMA has added these companies to the list of companies that are operating unlawfully in Belgium. Please note, the list is not exhaustive. In order to determine whether or not a company is authorized to offer financial products and services, please visit the ‘Check your provider’ page. If you have any doubts, feel free to contact the FSMA. I’ve fallen victim. What should I do?If you are a member of such a WhatsApp group, the FSMA advises you to leave it as soon as possible. Also block the telephone number of the WhatsApp group administrator and break off all contact. Do not follow the investment tips and do not download any applications promoted in these WhatsApp groups. Not only are the investments made through these applications completely false, but malware may also be installed through them.Do not transfer any (more) money and contact your bank. Inform your bank immediately if you have transferred money.Report the fraud to the competent authorities. Contact the FSMA and file a complaint with the police.Document all exchanges of information and transactions. Gather all evidence of your exchanges of information with the platform, including emails, messages, account statements and screen shots of the transactions. These items will, of course, be very valuable when you report the fraud.Beware of so-called ‘recovery rooms’: fraudsters contact victims of a scam in the past and offer to help them, for a fee, to recover their lost money. Often these constitute yet another attempt at fraud. For more recommendations on how to avoid investment fraud, please consult the ‘How to recognize and avoid fraud’ page on the FSMA website. Please watch the awareness-raising videos as well (available in French and Dutch only).

March 9, Chicago – NFA has ordered Commodity Asset Management LLC (Commodity Asset Management), a former NFA Member commodity pool operator and commodity trading advisor located in New York, N.Y., not to reapply for NFA membership or act as a principal of an NFA Member at any time in the future. NFA also ordered Jonathan Mark Tulkoff, a prior associated person and principal of Commodity Asset Management and former NFA Associate, not to reapply for NFA membership or act as a principal of an NFA Member for nine months and further order him to pay a $100,000 fine and comply with an undertaking if he reapplies for NFA membership or principal status in the future.