Central Bank warns of unauthorised investment firm

Tuesday 22 July 2014 11.12
Thüngen Financial (Luxembourg) is not authorised as an investment firm by the Central Bank
Thüngen Financial (Luxembourg) is not authorised as an investment firm by the Central Bank

The Central Bank has issued a warning about investment firm Thüngen Financial (Luxembourg), which the authority said was offering investment services in the country without authorisation.

The bank said it is a crime for an investment firm to operate in Ireland without its authorisation and its customers would not be eligible for compensation if any issues arose.

The Central Bank maintains a list of warnings around unauthorised firms on its website.

It has also encouraged members of the public to contact them if they have any information regarding such companies.