The FCA has fined Cypriot contract for differences (CFD) firm Forex TB Limited (FXTB) £276,100 for not treating customers fairly and providing investment advice without authorisation.

The FCA has taken action to stop four Cypriot investment firms that used unauthorised celebrity endorsements from continuing to offer high risk contracts for difference (CFDs) to UK investors after a number of customers lost more than £100,000 to the schemes.

Cyprus based finance professionals are being offered the chance to study for the CISI’s Chartered Wealth Manager qualification.

The Financial Conduct Authority has today fined Deutsche Bank AG £163,076,224 for failing to maintain an “adequate anti-money laundering (AML) control framework” on movements of billions of dollars of money and investments from Russia.