Warning on Unauthorised Retail Credit Firm

08 June 2018 Press Release

Warning

The Central Bank of Ireland (‘Central Bank’) today (8 June 2018) published the name of an unauthorised firm, Vesus Loan Services (www.vesusloanservices.com) (France). Vesus Loan Services (France) is not authorised as a retail credit firm by the Central Bank and has advertised the availability of credit online.

A list of unauthorised firms published to date is available on the Central Bank website.

It is a criminal offence for an unauthorised firm/person to provide financial services in Ireland that would require an authorisation under the relevant legislation which the Central Bank is the responsible body for enforcing. Consumers should be aware, that if they deal with a firm/person who is not authorised, they are not eligible for compensation from the Investor Compensation Scheme.

Any person wishing to contact the Central Bank with information regarding such firms/persons may telephone (01) 224 4000. This line is also available to the public to check if a firm is authorised. Since obtaining the necessary legal powers in August 1998, the names of 315 unauthorised firms have been published by the Central Bank.