FMA (New Zealand) warns against WiseBanc

Reason:
Unregulated
Content of Penalty:

REASON FOR WARNING: 

  • WiseBanc is not registered on the Financial Service Providers Register, it is therefore not permitted to provide financial services to New Zealand residents.
  • WiseBanc are based overseas with no presence in New Zealand and do not appear to be subject to regulation by an overseas regulator.
  • The UK Financial Conduct Authority and the Central Bank of Ireland have each recently published a public warning about WiseBanc and Orion Service EOOD.

Date: 12/12/2018
Link: https://fma.govt.nz/news-and-resources/warnings-and-alerts/wisebanc/

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy