Central Bank of Ireland

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.