Readers like you keep news free for everyone.
More than 5,000 readers have already pitched in to keep free access to The Journal.
For the price of one cup of coffee each week you can help keep paywalls away.
The Central Bank on Dame Street in Dublin
Image: Sasko Lazarov/Photocall Ireland
The Central Bank on Dame Street in Dublin
Image: Sasko Lazarov/Photocall Ireland
THE CENTRAL BANK has issued a warning about two investment firms and said that they are not authorised to offer services in Ireland.
Global World Mergers & Acquisitions (registered in Hong Kong) and Monarch Wealth Consultants (registered in Japan) have been offering investment services in the State – despite being not authorised to do so.
It is a criminal offence for an investment firm to operate in Ireland unless it has authorisation from the Central Bank. Clients of firms acting without authorisation are not eligible for compensation under the Investor Compensation Scheme.
Anyone with information on unauthorised firms has been asked to contact the Central Bank.
The Central Bank has issued a total of 92 warning notices naming 170 firms since obtaining the necessary legal powers in August 1998.
Regulator fines Aviva €490,000 >
€85k spent on hiring internal candidate to succeed Cardiff is ‘best practice’ >
Making a difference A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.
COMMENTS (7)