Central Bank issues warning about two unauthorised firms

Thursday 13 February 2014 12.18
The Central Bank issues regular warnings about unauthorised firms operating in the State
The Central Bank issues regular warnings about unauthorised firms operating in the State

The Central Bank has issued a warning about two firms, which it says have been operating in the country without authorisation.

The authority said the companies – Asia Loan Financial Service (India) and Golden Star Financial Service (USA) - are not authorised retail credit firms.

The Central Bank notes that it is a criminal offence to provide financial services in the State without its approval and that customers of such firms would not be eligible for compensation funds in the event of a problem.

The Central Bank issues regular warnings about unauthorised firms and maintains a list of such companies on its website.

People with information relating to potentially unauthorised firms are also asked to contact them.