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Central Bank warns on unauthorised firm

Friday, August 15 11:52:58

The Central Bank of Ireland today published the name of an unauthorised debt management firm, Smart Resolutions Mediation Limited (Ireland).

It said that this firm is not authorised as a debt management firm by the Central Bank.

The financial sector watchdog warned that it is a criminal offence for an unauthorised person or firm to provide financial services in Ireland that would require an authorisation under the relevant legislation for which the Central Bank is the responsible body for enforcing.

Since obtaining the necessary legal powers in August 1998, the names of 246 unauthorised persons or firms have been published by the Central Bank.

For more visit: www.businessworld.ie