FMA (NZ) warns against OneLife Network Limited and OneCoin Limited
United Kingdom
- 12/12/2018
- Warning
- FCA
Detail
REASON FOR WARNING:
FMA Regulator (New Zealand) recommends extreme caution before investing with OneLife or OneCoin as we are concerned they bear the characteristics of a scam, including withholding client funds and promising unrealistic returns. They have received information indicating that OneLife and OneCoin are holding promotional events and seminars in New Zealand offering investment services in breach of New Zealand law. If you have invested with OneLife or OneCoin we would like to hear from you.
FMA also notes the following warnings from overseas regulators:
- Austrian Financial Markets Authority
- Belgian Financial Services and Markets Authority
- Bulgarian Financial Supervision Commission
- Croatian National Bank
- Finnish Police
- German Federal Financial Supervisory Authority
- Hungarian Central Bank
- Latvian Financial And Capital Market Commission
- Luxembourg Commission de Surveillance du Secteur Financier
- Malta Financial Services Authority
- Mauritius Financial Services Commission
- Bank of Portugal
- Samoan Central Bank has published a number of media statements about OneCoin and blocked all transactions related to OneCoin
- Bank of Uganda
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