Financial Services Authority

The Financial Services Authority (FSA) wishes to advise that an entity called Tallinex Limited claiming to offer Forex trade Services as a registered St. Vincent and the Grenadines (SVG) International Business Company (IBC) is not and has however never been registered by the SVG FSA to conduct that line of business. The entity advertises its services through the website, www.tallinex.com and has as its address Jaycees Building, Stoney Grounds, Kingstown, SVG. Tallinex Limited responded the following to a question, “Is Tallinex Regulated?” on its “FAQ” which may be suggesting that it is so regulated by the FSA pursuant to the IBC Act which is administered by the FSA. “The Financial Services Authority (FSA) in St Vincent and the Grenadines is responsible for ensuring that Tallinex complies with its obligations under the IBC Act. The FSA enforces strict business practices equal to or exceeding requirements of financial services regulators in other countries.” However, please be advised that Tallinex has been engaging in forex trading business at its own risk or at the risk of the jurisdiction where it obtained authorization to conduct such business as it is not regulated by the FSA.