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Central Bank warns of unauthorised financial firm

The bank said it is a criminal offence for companies such as this to provide financial services that require authorisation from the bank.

THE CENTRAL BANK of Ireland has issued a warning on a company which it said today is not authorised to provide any financial services here.

The firm in question is CMBS Portfolio, LLC and the Central Bank stressed today that it is a criminal offence for an unauthorised firm to provide financial services in Ireland that would require authorisation under the legislation the bank enforces.

“Consumers should be aware that, if they deal with a firm which is not authorised, they are not eligible for compensation from the Investor Compensation Scheme,” the bank said in a statement.

A full list of unauthorised companies is published on the Central Bank Website and anyone wishing to report such firms can call 01 224 4000. This line is also available to check if a firm is authorised.

Details of some 210 of these companies have been published by the bank since it obtained the legal powers in 1998.

Related: Central Bank warns of unauthorised firm using ‘cloned’ registration details>

Read: Central Bank to apply to have PTSB take over Newbridge Credit Union – reports>

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    Mute David
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    Feb 18th 2015, 8:03 PM

    Fantastic to see – long may the support continue !

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    Mute Barbara Newbury
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    Feb 19th 2015, 1:21 PM

    We don’t need a gas monitor to know that cancer from radon is killing people….

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    Mute John Reese
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    Feb 19th 2015, 8:59 AM

    These are the sort of people that are getting Ireland moving again not moaner and good for nothing keyboard warriors.

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    Mute Barbara Newbury
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    Feb 19th 2015, 2:30 PM

    It doesn’t take a lot to start a business, the trick is to stay there…

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    Mute mrgillhouley
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    Feb 19th 2015, 8:43 AM

    fastest growing economy in europe :)

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    Mute Sheik Yahbouti
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    Feb 18th 2015, 8:46 PM

    Is this the second cheerleading article about 1500 jobs between 183 separate enterprises, over the next three years, or am I dreaming?

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    Mute danielplainview
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    Feb 18th 2015, 10:05 PM

    Im beginning to get sick of this conspiracy rubbish. Its good news. Be happy.

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    Mute Sheik Yahbouti
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    Feb 18th 2015, 10:39 PM

    What conspiracy would that be?

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    Mute Diarmuid
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    Feb 19th 2015, 9:04 AM

    Great news… cheer away

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    Mute Vannin
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    Feb 19th 2015, 9:52 AM

    It’s the same one, just with some details, still, only another three years of the same announcments to go.

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    Mute conor hickey
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    Feb 18th 2015, 11:56 PM

    Isn’t that the little girl who was accused of money laundering for HSBC?

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    Mute Ed Westwick
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    Feb 19th 2015, 12:10 PM

    A small hotel or venue in the middle of nowhere that only caters for traveller weddings? get in a load of bouncers €10000 a pop and have what? 300 weddings a year.

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