Central Bank warning over unauthorised firm

Monday 24 March 2014 12.33
Customers dealing with unauthorised firms are not entitled to compensation
Customers dealing with unauthorised firms are not entitled to compensation

The Central Bank has warned about an unauthorised company operating as an investment firm in Ireland.

Ashland Mergers & Acquisitions Management (Japan) is not authorised as an investment firm in the country, according to the financial authority.

The Central Bank said it is a criminal offence for unauthorised firms to provide financial services in Ireland and consumers dealing with such a firm would not be eligible for compensation in the event of a problem.

If a member of the public had information relating to the firm, or wished to check if a firm was authorised in the State, the Central Bank said they should contact them on 01 224 4000.