Mark Sterpin’s Post

Linkedin popped us a question: What changes have we seen in financial regulation? Short answer for financial regulation development in our sight is caution at the moment. Whether it's the requirements of Knowing your customer or preventing money laundering policies (KYC & AML) or in the operations of businesses in various fields, especially in construction. One big transition what we have noticed relatively quickly is inspecting the backgrounds and the "basis" of company's operations. Company might be doing very well on paper and is profitable, but vast majority of it's revenue is relied on a sub-contracting agreement with a large construction company. This has a potential to fall like a house of cards, if the larger company fails, the sub-contractors are also in trouble if they don't find new work and fast. Realizing this has extended the KYC process of many financial institutions and banks. Other positive note on change of regulation is creativity when it comes to leasing services. Leasing doesn't mean only any more trucks, vans and laptops. It can be very widely operating tools from software solutions to conferencing furniture. This opens possibilities to companies to keep the balance sheets light, and to expand and develop controllably.

Dear Connections, We'd like to draw your attention to a concerning matter involving the impersonation of Fortex employees on social media platforms, particularly LinkedIn. About Fortex:   Fortex stands out as a prominent technology provider within the financial sector. Our primary focus involves delivering state-of-the-art solutions aimed at enhancing trading experiences and facilitating access to liquidity. It's essential to emphasize that we operate distinctly from brokerage firms, and our services do not encompass the provision of investment or trading advice. We do not function as a broker, nor do we assume the role of a trading principal (i.e., a counterparty to trades). Furthermore, we do not act as an agent representing clients, and we do not serve as a custodian for third-party assets (meaning, we do not hold any client funds or assets). Incident Report:  Regrettably, we've recently discovered instances of unauthorized individuals posing as Fortex employees, falsely asserting affiliations with our company while providing investment and trading advice. It is paramount to understand that Fortex employees are strictly prohibited from initiating discussions related to investments or trading advice on LinkedIn or any other platform. Protect Yourself and safeguard your interests:   - Bear in mind that Fortex employees do not partake in investment, trading, or financial advisory conversations on LinkedIn or any similar platform.  - Prior to considering any correspondence from a person claiming to be a Fortex representative, kindly verify their authenticity through our official channels.  - Should you come across suspicious messages or profiles, please report them directly to the concerned platform.  - Notify us so we can take appropriate measures. Your trust and security are of utmost importance. If you have any queries or concerns, do not hesitate to reach out to our official channels or refer to our authentic website for reliable information. Fortex is already taking the necessary steps to address this issue and maintain the integrity of our online presence. 

The account in question is a single entity with a singular purpose. It is not divided or shared between multiple individuals. This account holds a significant amount of information or resources, which may include financial assets, personal data, or access to various services. It is important to ensure the security and confidentiality of this account, as any breach or unauthorized access could have serious consequences. Proper authentication measures and strong passwords should be implemented to protect the integrity of this account. Regular monitoring and updates should also be conducted to detect any suspicious activity or potential vulnerabilities. 160 countries. 40 currencies. One card. Take on the world with Wise — the universal account for sending, spending, and receiving money like a local. https://bit.ly/wiseMarius

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How Mutual fund distributor are ignoring Data Security? Which is unthinkable but that is happening across the MF Industry. Is it to do with Computer illitracy among the large section of MFD or commercial competitiveness or some thing else. Read the article at www.webclass.in #financialadvisor #mutualfunds #computerscience #fintech #fintechsolutions https://lnkd.in/gWhbRByZ