The Cyprus regulator fined the operator of the retail broker FXVC 100 thousand euro over shortcomings in its regulatory obligations, and the firm then gave up its Cyprus licence. The FXVC CySEC fine, imposed in May 2022, sat alongside the broker's decision to renounce the authorisation it had traded under.
The Cyprus Securities and Exchange Commission fined Finteractive Ltd, which operated as FXVC, 100 thousand euro over shortcomings in the company's regulatory obligations. The violations related to the general principles of conduct that govern how a firm must behave, and to the requirements of the law on the prevention of money laundering and terrorist financing. Separately, the firm chose to renounce its Cyprus investment firm licence.
Conduct and Money Laundering Together
The pairing of failings in this case is worth noting. The general principles of conduct are the broad duties that require a firm to act honestly, fairly and in its clients' interests. The money laundering rules are the controls that verify who clients are and keep the firm from being used to move illicit funds. A fine touching both is a regulator finding weakness in how the firm behaved toward clients and in how it guarded against financial crime at the same time. Neither is a minor category.
CySEC was careful to note that FXVC's surrender of its licence was a voluntary decision by the company and did not itself arise from regulatory action. That distinction is fair and belongs in the record. But the 100 thousand euro fine did arise from the regulator's findings, and it is the substance of the case. A voluntary exit does not erase a penalty imposed for real shortcomings. It simply follows it.
What a Renounced Licence Leaves Behind
When FXVC handed back its Cyprus authorisation, the European protections that came with it went too. For any client who had dealt with the broker on the strength of its Cyprus licence, the framework they were relying on — the conduct rules, the oversight, the compensation arrangements — no longer applies to the exited entity. A firm that has been fined and has then left the regulated regime is not a firm a new client should be approaching on the basis of a licence it no longer holds.
The FXVC case follows a pattern that recurs across Cyprus: a fine for conduct and money laundering shortcomings, and then a departure from the regime. The firm is entitled to leave voluntarily, and the regulator was right to say so. But for a prospective client, the useful facts are simple. FXVC was fined 100 thousand euro over how it behaved and how it guarded against financial crime, and it no longer holds the licence it once traded under. Both belong on the record, and both point the same way.
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A Fine for Conduct and Financial Crime Controls, Then a Voluntary Exit
FXVC was fined 100 thousand euro by CySEC over two things that matter: the general principles of honest conduct toward clients and the controls that guard against money laundering. It then renounced its Cyprus licence.
The regulator fairly noted that the exit was voluntary and not itself an enforcement outcome, and that belongs in the record. But the fine was an enforcement outcome, imposed for real shortcomings, and a voluntary departure afterward does not undo it.
For a trader the takeaway is plain. This is a broker that was penalised over conduct and financial crime controls and then left the regulated system, and neither half of that is a reason to trust it with money.
About the Company
About FXVC
Regulator
CySEC (Cyprus)
CIF Licence
238/14 (renounced)
Action Type
Fine Then Voluntary Licence Renunciation
Penalty
EUR 100,000
Finteractive Ltd, which operated as FXVC, was a Cyprus investment firm offering retail forex and CFD trading, supervised by the Cyprus Securities and Exchange Commission under licence 238/14. In May 2022 CySEC fined the firm 100 thousand euro over shortcomings in its regulatory obligations, related to the general principles of conduct and the law on preventing money laundering and terrorist financing.
The company subsequently renounced its Cyprus licence, which CySEC noted was a voluntary decision.
Editor's note & source: Factual points are drawn from the CySEC public decisions register. This article is not legal advice. Last updated: 15 August 2026.