Published April 5, 2021, 7:00 AM
All financing and lending companies are now required by the Securities and Exchange Commission (SEC) to register with the Anti-Money Laundering Council (AMLC).
These firms are also directed to report suspicious transactions and comply with other rules and standards aimed at combating money laundering and terrorism financing in the country.
The Commission has issued a Memorandum Circular to amend the SEC Guidelines on Anti-Money Laundering and Combating the Financing of Terrorism for SEC Covered Institutions and the 2020 Guidelines on the Submission and Monitoring of the Money Laundering and Terrorist Prevention Program (MTTP).
The amendment adds all financing and lending companies among the SEC-supervised covered persons, or those required to comply with the requirements and standards provided under the Anti-Money Laundering Act (AMLA) and the Terrorism Financing Prevention and Suppression Act (TFPSA).
The Securities and Exchange Commission (SEC) announced the revocation of the corporate registration of Pigdeals International Holdings Inc. for unauthorized investment taking activities resembling a Ponzi scheme.
The SEC Enforcement and Investor Protection Department (EIPD) issued the order afte
Last Updated: 17 March 2021
The Texas State Securities Board (TSSB) has issued a cease-and-desist order against an allegedly fraudulent scheme posing as the cryptocurrency company Binance. The fraudulent business whose initial name was Delta Crypt Limited has allegedly used the Binance brand to lure investors.
Delta Crypt Limited
In a press release, the Texas Regulator announced that the Securities Commissioner, Travis J. Iles, had entered an emergency order aimed at Delta Crypt Limited.
Before now, Delta Crypt, which is listed with U.K business registrar Companies House, was previously accused by the Philippines securities watchdog of illegally offering securities in April last year.
March 18, 2021 | 12:08 am Font Size
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THE Securities and Exchange Commission (SEC) has revoked the registration of Pigdeals International Holdings, Inc. for deceiving the public with an unauthorized investment scheme.
âParticularly vile is the deceitful representation of Pigdeals to the public that it has secured a secondary license from this commission under the name of Pigdeals International Holdings, Inc. and that its primary license is procured from the Department of Trade and Industry (DTI) under the name of Pigdeals Agriventures Hog Farming Trading,â the commission said.
The SEC Enforcement and Investor Protection Department (SEC EIPD) said it received several inquiries regarding Pigdealsâ business operations.