Forex Brokerage Company on Vanuatu dealing without License

[Helga]

Hello, offshore profis

I'd like to ask what kind of penalty do Vanuatu regulators prepare in case a company (in fact conducting forex broker activity) on Vanuatu doesn't prolong a license but will still conduct forex activity? Do they exam the website of the companies at all?

Thank you in advance for you attention and replies

 

[Helga]

Does anyone have an idea about this issue?

 

[Tamarind]

Ruining a unlicensed company is not a joke.

 

[profitbbb]

I don't know for forex but I don't think offshore countries have such us strong regulation

 

[Hans Hoffmann]

You should be also concerning your banking, since quite alot of banks nowadays ask for a licence if you are forex company, some of them even restrict doing business with people outside licence country. Meaning that if you have Vanuatu forex licence you can accept cash only from Vanuatu citizens.

 

[JohnLocke]

Hello, offshore profis

I'd like to ask what kind of penalty do Vanuatu regulators prepare in case a company (in fact conducting forex broker activity) on Vanuatu doesn't prolong a license but will still conduct forex activity? Do they exam the website of the companies at all?

Thank you in advance for you attention and replies

You can find many warnings around on government websites about companies without license. For instant Belize, Seychelles and even Panama has such websites where they put up a warning if a company incorporated in their country is conducting illegal business activity. I have only seen this indeed for financial services companies which are unlicensed.

 

[Lejla]

Hello, offshore profis

I'd like to ask what kind of penalty do Vanuatu regulators prepare in case a company (in fact conducting forex broker activity) on Vanuatu doesn't prolong a license but will still conduct forex activity? Do they exam the website of the companies at all?

Thank you in advance for you attention and replies

Hello! Can you maybe suggest a bank which is friendly for Vanuatu FDL? Tnx

 

[GiGoGo]

Hello, offshore profis

I'd like to ask what kind of penalty do Vanuatu regulators prepare in case a company (in fact conducting forex broker activity) on Vanuatu doesn't prolong a license but will still conduct forex activity? Do they exam the website of the companies at all?

Thank you in advance for you attention and replies

If you do that from Vanuatu, subject to local laws.
If you do that from any decent country but using a Vanuatu offshore without license, it could be from heavy fines to jail