Cyprus forex needs clean sweep

The Cyprus forex industry is going through another round of soul-searching in response to recent investigations by Israeli authorities and the FBI into fraudulent trading methods. Already, the financial regulator and watchdog

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Cyprus forex shaken by trading fraud

Cyprus’ forex industry has been rattled by €15 mln trading fraud, forcing two Limassol-based firms out of business, while more than 2,000 people employed have lost their jobs in recent weeks. Industry

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Hefty fine for Cyprus forex firm welcomed

The Cyprus Securities and Exchange Commission’s (CySEC) hefty fine of a forex firm for not complying with financial regulations has been welcomed by the industry as showing the regulator has teeth. The