FMA (New Zealand) warns against WiseBanc
New Zealand
- 12/12/2018
- Warning
- Financial Markets Authority New Zealand
Detail
REASON FOR WARNING:
- WiseBanc is not registered on the Financial Service Providers Register, it is therefore not permitted to provide financial services to New Zealand residents.
- WiseBanc are based overseas with no presence in New Zealand and do not appear to be subject to regulation by an overseas regulator.
- The UK Financial Conduct Authority and the Central Bank of Ireland have each recently published a public warning about WiseBanc and Orion Service EOOD.
Source Link
https://fma.govt.nz/news-and-resources/warnings-and-alerts/wisebanc/