The Central Bank of Ireland has today (18 December 2020) published warning notices against eight unauthorised firms that hold no authorisation from the Central Bank.
Please see names of unauthorised firms below and press releases attached:
Unauthorised Investment Firm/Investment Business Firm
- Sands Capital (CLONE)
- Elkwood Financial (CLONE)
- Custom Markets QIAIF PLC (CLONE)
- MAN Asset Management (CLONE)
- TD Global Finance (CLONE)
- Atlantic Capital Management (CLONE)
- SGZ BANK IRELAND (CLONE)
Unauthorised Retail Credit Firm
A list of unauthorised firms published to date is available on the Central Bank website.
It is a criminal offence for an unauthorised firm to provide financial services in Ireland that would require an authorisation under the relevant legislation for which the Central Bank is the responsible body for enforcing. Consumers should be aware, that if they deal with a firm that is not authorised, they are not eligible for compensation from the Investor Compensation Scheme.
Any person wishing to contact the Central Bank with information regarding such firms / persons may telephone (01) 224 4000. This line is also available to the public to check if a firm is authorised.