02/12/2021 | Press release | Distributed by Public on 02/12/2021 05:18
The Central Bank of Ireland ('Central Bank') today, 12 February 2021, published the name of an unauthorised firm, Finco Group/ Finco Kredit (CLONE) (Unknown) -http://www.finco-kredit.com/ (no longer operational) in order to warn the public that it is not authorised by the Central Bank to provide financial services.
Finco Group/ Finco Kredit (CLONE) (Unknown) is advertising loans on its website but it holds no authorisation from the Central Bank as a retail credit firm.
The unauthorised Finco Group/ Finco Kredit (CLONE) has also cloned details (Name) of a legitimate firm based in Malta. It should be noted that there is no connection whatsoever between the unauthorised entity Finco Group/ Finco Kredit (CLONE) and the firm whose details have been cloned.
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 would require an authorisation under the relevant legislation, which the Central Bank is the responsible body for enforcing. Consumers should check the Central Bank registers online to find out if a firm / person they are dealing with is authorised. Consumers should be wary of advertisements offering loans from unauthorised firms or persons.
There are some general steps that individuals should take before dealing with firms / persons which purport to offer financial services:
Any person wishing to contact the Central Bank with information regarding such firms / persons may telephone (01) 224 4000. This line is also available to the public to check if a firm is authorised.
The name of the above firm is published under the Central Bank (Supervision and Enforcement) Act 2013.