Mayzus Investment Company Fined €12K by CySEC

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Mayzus Investment Company Fined €12K by CySEC

Postby » Wed Mar 30, 2016 7:18 pm

The Cyprus Securities and Exchange Commission (CySEC) today announced that on February 29th of this year it decided to impose a financial penalty on Mayzus Investment Company Ltd (Mayzus) in connection with legal and regulatory violations.

Mayzus is a foreign exchange market brokerage offering its services to European customers, registered and headquartered in Cyprus. According to the information provided on the company’s website, it is passporting its CySEC regulatory license across the European Union.

The total value of the fine amounted to €12,000 and consisted of an €8,000 fine for non-compliance with anti-money laundering and terrorist financing regulations and €4,000 related to another ... (read more)

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