Posted: Wednesday, February 13, 2019. 10:00 am CST.
By BBN Staff: The International Financial Services Commission (IFSC) of Belize recently released a list of asset managers and binary options brokers that are no longer licensed to conduct business from Belize’s jurisdiction as of January 1, 2019.
The IFSC informed that it is a criminal offense for any unlicensed entity or firm to continue providing professional investment services to domestic or international clients without proper authorization. According to the IFSC, licenses are terminated for any number of reasons.
The IFSC has seen its share of unlicensed firms continuing to operate within the country and is making an effort to crack down on such entities. As the financial world continues to adapt to the growing demand for cryptocurrencies, many institutions are making the necessary adjustments. The IFSC is no exception, as the authority has already begun to monitor and assess crypto companies and their respective activity.
The regulatory body had previously reported that cryptocurrency promoter, OneLife Network, had been operating from the jurisdiction without authority to do so.
Below is a list of unlicensed firms, some of which have voluntarily relinquished their licenses and are not functional:
Agros Investments Limited
Allied Asset AG (Belize) Limited
Alpha Capital Management Limited
Always Rich Global Limited
Arosemena and Diaz Trust (Belize) Limited
ATC Services (Belize) Ltd.
Belize Offshore Formation Limited
Belize Offshore Incorporation Limited
Belize Offshore Solutions Limited
Bluemax Global Ltd.
Bondex Global Limited
BP Global Limited
Capital Market Solutions Inc.
Choice Trust Limited
CST Financial Services Ltd.
Delwyn Trading Limited
E-Pay Services Limited
Financials Worldwide Inc.
Finpro Holdings Inc.
FirstFX Global Limited
Fort Financial Services Ltd.
FX4WIN International Limited
FXGroup International Ltd.
G.E.B. Global Equity Brokers (Belize) Limited
Georgetown Administrative Services Limited
Green Investment House Corp.
IFA FX Ltd.
Keyforce Management Limited
Marigold Global Markets Corporation
Maxi Services (Belize) Ltd.
MB Trust Limited
OR Capital Ltd.
OWA Trust Ltd.
Pacific 2000 Securities Ltd.
PMA Agents Limited
Remit Now International Limited
Safe Gold International (Belize) Limited
Salma Markets Companies Corp.
Sandpiper Investments Limited
Servicios Bursátiles Internacionales Ltd
Stephen L. Thompson
Tyrsis Trust Limited
ZB Forex Ltd.
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