...petition and Consumer Commission (ACCC), recently released a report stating that **investment scams in Australia are becoming ever more frequent**. In the mid of June, from 18/06/2018 to 24/06/2018, the **top scams that targeted Australians were investment schemes**. In the course of these fraudulent schemes, Australians reported losses of $1.18 million. Some of the most widespread fraudulent ...

...g directors will have 15 months to apply for the DIN as of the date the amendments come in force. Directors of all Australian companies are set to be subject to the new DIN conditions. This includes directors of companies that are liable for managed investment schemes and registered charities. The DIN will oblige all of the directors to verify their personality and there will be a special ident...

...their financial advisory activities. It is mandatory for digital advisers that wish to be exempted from applicable requirements to: * warrant that the activity is carried out only for portfolios comprising solely listed and unlisted collective investment schemes; * receive a one-time prior written permission from the client to rebalance the portfolio units; * provide a written disclosu...

...sed business activity, a business plan including the financial projection (budget) for the next three financial years with “optimistic, realistic and pessimistic scenarios”. Earlier this year, FINMA issued a license under the Swiss Collective investment schemes Act related to Crypto Fund AG, a crypto asset management subsidiary of Zug-based Crypto Finance AG, founded by former UBS banker Ja...

...will be no STO in Mauritius without prior approval. It is worth to note that there are several exceptions for when a token issuer needs authorization. If the issue is targeting “sophisticated” or “expert” investors and funds, or professional investment schemes, prior approval is not necessary. Carrying out financial services without a license is a criminal offense. The FSC warns investo...

...tnership or L.P. Restricted Words: Bank, Trustee Company, Assurance, Building Society, Trust Company, Royal etc. Names Requiring Consent or a Licence: Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision N.B. Restricted connections for company name: name of state, national or local governmen...