Saxo Bank Fined $50M Over AML Failures
Saxo Bank was fined nearly $50M by Denmark’s FSA for anti-money laundering control failures, marking its largest penalty in years.
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية

Saxo Bank was fined nearly $50M by Denmark’s FSA for anti-money laundering control failures, marking its largest penalty in years.

Hong Kong’s Securities and Futures Commission (SFC) has suspended the licence of Mr. Wong Chi Fai, a former licensed representative of Fulbright Securities Limited and Fulbright Futures Limited, for 27 months over serious misconduct involving undisclosed personal trading and false declarations. The suspension took effect immediately and will run until 22 April 2028, the SFC said.

USD1, a U.S. dollar–pegged stablecoin reportedly backed by interests aligned with former U.S. President Donald Trump, has overtaken PayPal’s PYUSD in market capitalization, marking a notable shift in the rapidly evolving stablecoin landscape.

Trade Nation has announced that it is bringing its well-known TD365 trading platform fully under the Trade Nation brand, marking a significant step in the company’s long-term strategy to simplify its brand structure and strengthen global recognition.

TenTrade operates under offshore Seychelles FSA regulation, but significant parts of its regulatory status remain unverified according to WikiFX records. Recent data highlights critical risks, with multiple investor reports citing blocked withdrawals and denied **TenTrade login** access along with severe slippage.

A single online advertisement was all it took for a Malaysian businessman to lose RM1.25 million!

WZG, a Hong Kong-based broker established in 2022, holds a license from the Chinese Gold and Silver Exchange Society (HKGX) and offers MT4/MT5 platforms. However, its reputation is currently challenged by a high volume of recent user complaints citing withdrawal delays and platform instability.

Japanese Government Bond yields have surged, signaling pressure on the Yen, while emerging market ETFs record their 14th consecutive week of inflows, led largely by Chinese assets.

Oil markets face a dichotomy of short-term geopolitical supply shocks in the Middle East versus long-term bearish demand forecasts from the IEA, creating a volatile environment for crude benchmarks.

INZO holds a low WikiFX score of 2.32, operating under offshore Seychelles regulation which offers limited investor protection. While it provides MT5 and high leverage, a pattern of user complaints regarding withdrawal denials and sudden trading condition changes suggests significant risk.

President Trump has threatened to hike tariffs on South Korean goods to 25%, citing a failure to ratify a 2025 trade deal, sparking renewed trade war fears and potential volatility for the Korean Won (KRW).

ECInvestingInsights Topic Launch: Explore the Forex Market with WikiFX Elite Club Members

A severe winter storm has crippled US energy infrastructure, driving Natural Gas prices to a 24-year high, while Gold surges past $5,000 on safe-haven demand.

A potential US government shutdown threatens to halt the release of critical Non-Farm Payrolls and CPI data, leaving the Federal Reserve and investors blind to key economic indicators.

The HERO broker has triggered a critical alert with over 167 complaints alleging a total blockade on withdrawals and sudden platform blackouts. Our investigation confirms this unregulated entity holds a dangerous 1.60 WikiFX score, leaving traders with blocked HERO login access and no legal recourse for their frozen funds.

The US Dollar is broadly weaker as risk sentiment improves, propelling the Euro and New Zealand Dollar to four-month highs while traders eye the upcoming Federal Reserve decision.

Commodity markets are fracturing, with Silver hitting record highs above $110 and Natural Gas soaring 20% due to a US freeze, while crude oil faces bearish oversupply forecasts for 2026.

The Japanese Yen is staging a structural recovery as market focus shifts from nominal yield differentials to real interest rates, with major banks targeting a 145 valuation amid heightened intervention risks.

The victim, who works at a hospital in Pahang, received phone calls from several individuals on December 31.

Italy’s financial regulator blocks multiple unauthorised investment websites, warning investors against illegal online trading and crypto schemes.