Belize’s IFSC Publishes List of ‘No-Longer’ Licensed Brokers

Belize’s financial watchdog (IFSC) ‎today issued a list of asset managers, FX, and ‎binary options brokers that effective January 1, 2019, are no longer licensed by the International Financial Services Commission.

Should these firms continue providing professional ‎investment services to domestic clients without proper authorization, the practice will be considered a criminal offense. According to the regulatory manifest, however, there is no one-size-fits-all reasoning that the IFSC gives for lapsing these licenses.

IFSC warnings on those domains come hot on the heels of Alpari’s move to close down its subsidiary in Belize, as Finance Magnates Russia reported exclusively.

The Belizean regulator has experienced its share of unlicensed firms operating within its jurisdiction. As the financial world continues to adapt to the growing demand for Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, many institutions are making the necessary adjustments. The IFSC is no exception, as the authority has already begun to monitor and assess crypto companies and their respective activity.

Finance Magnates previously reported that the IFSC had issued a warning regarding unauthorized cryptocurrency promoter and brokerage OneLife Network.

The list of providers that were published includes the following domain names:

1. Agros Investments Limited
2. Allied Asset AG (Belize) Limited
3. Alpha Capital Management Limited
4. Always Rich Global Limited
5. Arosemena and Diaz Trust (Belize) Limited
6. ATC Services (Belize) Ltd.
7. Belize Offshore Formation Limited
8. Belize Offshore Incorporation Limited
9. Belize Offshore Solutions Limited
10. Bluemax Global Ltd.
11. Bondex Global Limited
12. BP Global Limited
13. Capital Market Solutions Inc.
14. Choice Trust Limited
15. CST Financial Services Ltd.
16. Delwyn Trading Limited
17. E-Pay Services Limited
18. Financials Worldwide Inc.
19. Finpro Holdings Inc.
20. FirstFX Global Limited
21. Fort Financial Services Ltd.
22. FX4WIN International Limited
23. FXGroup International Ltd.
24. G.E.B. Global Equity Brokers (Belize) Limited
25. Georgetown Administrative Services Limited
26. Green Investment House Corp.
27. IFA FX Ltd.
28. IIG Ltd.
29. IPCTRADE INC.
30. Keyforce Management Limited
31. Marigold Global Markets Corporation
32. Marilyn Williams
33. Maxi Services (Belize) Ltd.
34. MB Trust Limited
35. Mercury Limited
36. NPBFX Limited
37. OR Capital Ltd.
38. OWA Trust Ltd.
39. Pacific 2000 Securities Ltd.
40. PMA Agents Limited
41. Remit Now International Limited
42. Safe Gold International (Belize) Limited
43. Salma Markets Companies Corp.
44. Sandpiper Investments Limited
45. Servicios Bursátiles Internacionales Ltd
46. Stephen L. Thompson
47. Tyrsis Trust Limited
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