Central Bank of Ireland

Year 2011Regulated by Government

Prior to 2010, all Irish financial entities were regulated by the Irish Financial Services Regulatory Authority. However, in 2011, a new regulatory body was established known as the Central Bank of Ireland Commission. This Commission has the task of issuing licences to CBI-regulated brokers, but also has a number of other very important roles. It acts as a watchdog for the following service providers and their activities: Insurance providers, including general and life insurance as well as any consumer-related issues; Credit unions; Credit and mortgage providers and moneylenders, as well as overseeing customer charges and related consumer issues.

Disclose broker

Danger Unauthorized

Afex EU

Disclosure summary

Disclosure matching Website matching
Disclosure time 2023-05-17
Reason for punishment It has come to the Central Bank of Ireland’s (‘Central Bank’) attention that a firm calling itself AFEX EU – https://afexeu.com/ has been operating as an investment firm / investment business firm in the State in the absence of an appropriate authorisation.

Disclosure details

Central Bank of Ireland Issues Warning on Unauthorised Firm – AFEX EU

Central Bank of Ireland Issues Warning on Unauthorised Firm – AFEX EU 17 May 2023 Warning Notice Warning It has come to the Central Bank of Ireland’s (‘Central Bank’) attention that a firm calling itself AFEX EU – https://afexeu.com/ has been operating as an investment firm / investment business firm in the State in the absence of an appropriate authorisation. In this instance, the entity cloned some of the details of a legitimate Central Bank authorised firm in order to deceive consumers. It should be noted that there is no connection whatsoever between the Central Bank authorised firm and the unauthorised AFEX EU, operating the website https://afexeu.com/. A list of unauthorised firms published to date is available on the Central Bank website. It is a criminal offence for an unauthorised firm / person to provide financial services in Ireland that 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 / person who is not authorised, they are not eligible for compensation from any available compensation schemes.

Annex

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More regulatory disclosure

Danger

2021-02-17

Public Statement 5 of 2021 - VENDOR INVESTMENT GROUP