Paxos to pay a penalty of $ 26.5 million in NY mode for inadequate Binance’s due diligence, aml failures
New York Ministry Inspector, Adrienne A. Harris, announced today that Paxos Trust Company will pay a penalty of $ 26.5 million in the New York State for failing to carry out a sufficient custody of its former partner, Paxos. In addition to the sentence, Paxos agreed to invest an additional $ 22 million to improve […]
Ripple acquires Stablecoin Payments Co Rail for $ 200 million
Enterprise Blockchain and Crypto Solutions Company Ripple have announced that it has agreed to acquire Toronto Rail, a Stablecoin platform powered for global payments, for US $ 200 million. With this deal, Ripple and Rail said they would deliver the most comprehensive Stablecoin payment solution available on the market. This acquisition will enhance Ripple’s attitude […]
Capital.com hires Trive / IG alum Travis Robson as CEO South Africa
FNG has learned that the leading worldwide FX and CFDS brokerage capital.com is expanding its footprint in South Africa, hiring an experienced executive of the Travis Robson industry as CEO in South Africa. Based in Johannesburg, Travis Robson was Managing Director of Africa & Middle East for the TRIVE electronic broker (formerly GKFX) before leaving […]
Etoro to start AI Companion Tori, AI tool suite
The online broker Etoro Group Ltd. (Nasdaq: ETOR) announced today how the company utilizes artificial intelligence (AI) to redefine social investment. Yoni Assia, co -founder and chief executive of Etoro, commented: “There has been a lot of debate about how to reshape AI invests. It’s not just speculation – this is already happening in ETORO, […]
Finra Fines Odeon Capital Group for failure to supervise adequately for predetermined transactions
Odeon Capital Group LLC agreed to pay a fine of $ 75,000 as part of a settlement with the Financial Industry Regulatory Authority (Finra). Since July 2019, Odeon has not had a supervisory system, including written supervisory procedures (WSPS), logically designed to accelerate for potentially manipulating preliminary transactions. The company was based on its registered […]
OTP Bank becomes a CLSSETTLEMENT settlement member
CLS has announced that OTP Bank PLC has joined the CLSSettlement as a member of the settlement. The Hungarian Credit Institution is the second new member of the settlement this year, bringing the total number of settlement members to 75. OTP Bank is one of the largest commercial banks in Hungary. It is part of […]
Onezero hires LSEG FX Exec Adam Collin
Technology and expert on the connectivity of the Onezero trade has announced the appointment of Adam Collins as head of institutional sales – America and EMEA. In this new role, Adam will lead the strategy and execution of OWERO’s institutional sales to two of the most critical areas of development. Adam Collins brings to Onezero […]
FCA describes changes in payment assurance rules
Consumers of the United Kingdom will be better protected when using payment companies, with the introduction of new rules to protect their money from May 2026. The changes, described today by the Financial Behavior Authority (FCA), will improve preservation practices between payment companies. Ensure means that customer money must be kept separate from the business […]
Ant International receives the Negara Malaysia Class A Money Services Business License
Ant International has received approval from Negara Malaysia Bank for business activities under Class A. The license will enhance Ant International’s Worldfirst, a Digital Cross -Border Payment and Treasury Account Service for World Businesses to operate in Malaysia. The license will allow Worldfirst to expand its product offers and develop new services in Malaysia, facilitating […]
IFX payments announce the removal of the recommended acquisition of Argetex
IFX (UK) Ltd, (“Payments IFX”) today issued a statement about the recommended Argetex Group PLC cash. IFX’s payments have confirmed that, according to its previous announcement, it has cited the insolvency situation. This happens a few weeks after the administrators are appointed to the Argetex Group PLC and Argetex Technologies Limited. The IFX payments have, […]