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Complaints of contributions not being paid to pension funds

01 July 2019 | PFA - Pension Fund Adjudicator

The Pension Funds Adjudicator is receiving several complaints about contributions not being paid on behalf of members to pension funds.

FSCA warns the public against yes money loans

28 June 2019 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Sector Conduct Authority (“FSCA”) warns the public against doing any financial business with Yes Money Loans, who is not authorised, in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.

FSCA warns the public against Ekasi Bucks Insurers, a division of Ekasi Bucks Ecosystem (Pty) Ltd

28 June 2019 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Sector Conduct Authority (“FSCA”) warns the public against doing any financial business with Ekasi Bucks Insurers, a Division of Ekasi Bucks Ecosystem (Pty) Ltd, who is not authorised, in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.

Cypres SEC impersonated in a fraudulent scam

28 June 2019 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Sector Conduct Authority (FSCA) warns the financial services industry and public of a scam where individuals claiming to be officers or appointed representatives of the Cyprus Securities and Exchange Commission (CySEC) are soliciting investors for fees in exchange for settlement of fake compensation claims. These claims are related to the conduct of several firms under CySEC’s supervision.

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The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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