The Financial Markets Authority (AMF)
and the Prudential Control and Resolution Authority (ACPR) in France are taking
proactive steps to protect investors. The French regulator remains vigilant,
adding 22 fraudulent websites to blacklist in Q3.
They are periodically updating lists of
unauthorized websites that offer Forex investments and crypto-linked derivative
products without proper authorization. This action aims to ensure investor
safety and prevent engagement with unregulated financial platforms.
During the third quarter of this year, the AMF and ACPR
identified the following unauthorized actor sites operating in the Forex
market:
- acapitalgroup.co
- acy.com
- algo-management.co
- amoslimited.co
- edgefinance.ltd
- elvivainvest.com/en
- fr.greendax.org
- fusiontrade.co
- greendax.com
- introtrade.pro
- ipgate.trade
- logiccryptofx.net
- microngroup.ltd/en
- omersfinance.ltd
- www. cityinv260.com
- www.cryptotradetech.net
- www.erzinex.com
- www.expochains.com
- www.fortuna-invest.com
- www.fxalta.com
- www.rn-investing.com
Derivatives on Crypto-assets
In the same period, a new unauthorized site offering
derivatives on crypto-assets was also identified: www.futurbtc.com
Since the beginning of 2023, the AMF and the ACPR have added
a total of 43 unauthorized sites in the Forex category and one site in the
crypto-asset derivatives category to their watchlists.
Accessing Unauthorized
Website Lists for Public Awareness
These lists of unauthorized sites are made available to the
public on the Assurance Banque Épargne Info Service (ABE IS) website, under the “Your procedures – Protect yourself against scams – Blacklists of
unauthorized websites and entities” section.
They can also be accessed on the AMF website, specifically
in the “Savers area – Protect your savings – Blacklists and warnings”
section, and through the AMF Protect Epargne application. It is important to
note that these lists are regularly updated but may not encompass all
unauthorized actors, as new ones emerge continually.
To ensure that any financial intermediary offering products
or services is authorized to operate in France, concerned individuals are
encouraged to consult the list of authorized investment service providers
available at www.regafi.fr or the list
of intermediaries authorized as financial investment advisors or
participatory investment advisors at www.orias.fr/search.
Investors are strongly advised not to engage with
individuals or entities not appearing on these authorized lists, as they may be
in violation of applicable regulations, potentially compromising investor
protection, transparency, and the resolution of complaints.
The Financial Markets Authority (AMF)
and the Prudential Control and Resolution Authority (ACPR) in France are taking
proactive steps to protect investors. The French regulator remains vigilant,
adding 22 fraudulent websites to blacklist in Q3.
They are periodically updating lists of
unauthorized websites that offer Forex investments and crypto-linked derivative
products without proper authorization. This action aims to ensure investor
safety and prevent engagement with unregulated financial platforms.
During the third quarter of this year, the AMF and ACPR
identified the following unauthorized actor sites operating in the Forex
market:
- acapitalgroup.co
- acy.com
- algo-management.co
- amoslimited.co
- edgefinance.ltd
- elvivainvest.com/en
- fr.greendax.org
- fusiontrade.co
- greendax.com
- introtrade.pro
- ipgate.trade
- logiccryptofx.net
- microngroup.ltd/en
- omersfinance.ltd
- www. cityinv260.com
- www.cryptotradetech.net
- www.erzinex.com
- www.expochains.com
- www.fortuna-invest.com
- www.fxalta.com
- www.rn-investing.com
Derivatives on Crypto-assets
In the same period, a new unauthorized site offering
derivatives on crypto-assets was also identified: www.futurbtc.com
Since the beginning of 2023, the AMF and the ACPR have added
a total of 43 unauthorized sites in the Forex category and one site in the
crypto-asset derivatives category to their watchlists.
Accessing Unauthorized
Website Lists for Public Awareness
These lists of unauthorized sites are made available to the
public on the Assurance Banque Épargne Info Service (ABE IS) website, under the “Your procedures – Protect yourself against scams – Blacklists of
unauthorized websites and entities” section.
They can also be accessed on the AMF website, specifically
in the “Savers area – Protect your savings – Blacklists and warnings”
section, and through the AMF Protect Epargne application. It is important to
note that these lists are regularly updated but may not encompass all
unauthorized actors, as new ones emerge continually.
To ensure that any financial intermediary offering products
or services is authorized to operate in France, concerned individuals are
encouraged to consult the list of authorized investment service providers
available at www.regafi.fr or the list
of intermediaries authorized as financial investment advisors or
participatory investment advisors at www.orias.fr/search.
Investors are strongly advised not to engage with
individuals or entities not appearing on these authorized lists, as they may be
in violation of applicable regulations, potentially compromising investor
protection, transparency, and the resolution of complaints.
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- Source: https://www.financemagnates.com//forex/french-regulator-updates-fx-blacklist-adds-22-websites/
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