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BaFin Warns Equity Research Ventures Over Prospectus

Germany's BaFin has issued a warning regarding Equity Research Ventures PTE. LTD. for allegedly offering capital investments without a required prospectus. The company is accused of soliciting public investments in Germany for a product named 'Co-Investment AlleAktien Wealth x SpaceX' without BaFin's approval.

Federal Reserve Enforcement Actions Against Former Bank Employees

The Federal Reserve Board has issued consent prohibition orders against two former bank employees for embezzlement and misappropriation of customer funds. Cassandra Grayson, formerly of Equity Bank, and Sandra Adams, formerly of First State Bank of Dongola, are subject to these enforcement actions.

BaFin Warns TGI AG Over Missing Prospectus for Investment Services

Germany's BaFin has issued a warning to TGI AG for allegedly offering capital investments without a required prospectus. The company is suspected of offering 'discounted gold purchases' to the public in Germany, which contravenes the German Capital Investment Act. BaFin is seeking information from the public regarding TGI AG's operations.

BaFin Warns Mjolnex Offers Unauthorized Financial Services

Germany's Federal Financial Supervisory Authority (BaFin) has issued a warning against Mjolnex for allegedly offering financial, investment, and crypto asset services without the required authorization. The warning targets offers made on the website mjolnex-ltd(.)com.

BaFin Orders DFS Asset Management to Cease Unauthorized Business

Germany's BaFin has ordered DFS Asset Management GmbH to immediately cease and wind down its unauthorized deposit business. The company accepted funds through contracts for bearer partial debentures without the necessary authorization, violating banking laws. The order is immediately enforceable.

BaFin Warns novaprimemarks(.)ltd Over Unauthorized Crypto Services

Germany's financial regulator, BaFin, has issued a warning against novaprimemarks(.)ltd for offering unauthorized crypto services. The company is allegedly providing trading services for crypto assets, stocks, and commodities without the required BaFin license. Consumers are advised to exercise caution with online investments.

Director Fined $1 Million for Crypto Trading Platform Fraud

The BC Securities Commission (BCSC) announced that Michael Ongun Gokturk, director of three defunct crypto companies, has agreed to pay $1 million for fraud related to their trading platform. Gokturk is also permanently banned from participating in B.C.'s investment market.

BCSC Panel Finds Breach of Cease Trade Order

The BC Securities Commission (BCSC) panel found that Green Hygienics Holdings Inc. and its former CEO, Ronald Wayne Loudoun, breached a cease trade order by distributing millions of dollars worth of shares and promissory notes. Submissions on sanctions are now required.

FINMA Orders MBaer Merchant Bank AG Liquidation Due to Money Laundering Controls

Switzerland's FINMA has ordered the liquidation of MBaer Merchant Bank AG due to serious, systematic shortcomings in anti-money laundering controls and enabling clients to circumvent asset freezes. This follows FINMA's withdrawal of the bank's license, which is now effective after the bank withdrew its appeal.

Capital Asia Investments Investigated for Money Laundering and Compliance Failures

The Monetary Authority of Singapore (MAS) and the Police are investigating Capital Asia Investments Pte Ltd and its directors for suspected money laundering and compliance failures. Over S$160 million in assets were seized, and two directors were arrested as part of the ongoing investigation.