Central Bank of Ireland

Year 2011Regulated by Government

Prior to 2010, all Irish financial entities were regulated by the Irish Financial Services Regulatory Authority. However, in 2011, a new regulatory body was established known as the Central Bank of Ireland Commission. This Commission has the task of issuing licences to CBI-regulated brokers, but also has a number of other very important roles. It acts as a watchdog for the following service providers and their activities: Insurance providers, including general and life insurance as well as any consumer-related issues; Credit unions; Credit and mortgage providers and moneylenders, as well as overseeing customer charges and related consumer issues.

Disclose broker
Danger Unauthorized
Disclosure summary
  • Disclosure matching Website matching
  • Disclosure time 2022-10-25
  • Reason for punishment The entity has been claiming to be an investment firm / investment business firm in the State in the absence of appropriate authorisation.
Disclosure details

Central Bank of Ireland Issues Warning on Unauthorised Firm - Capital Way Group

25 October 2022 Warning Notice Warning It has come to the Central Bank of Ireland’s (‘Central Bank’) attention that a fraudulent entity, Capital Way Group – https://capitalway-group.com (currently not operational) has been claiming to be an investment firm / investment business firm in the State in the absence of an appropriate authorisation. A list of unauthorised firms published to date is available on the Central Bank website. It is a criminal offence for an unauthorised firm to provide financial services in Ireland that would require an authorisation, under the relevant legislation for which the Central Bank is the responsible body for enforcing. Consumers should be aware that, if they deal with a firm which is not authorised, they are not eligible for compensation from any available Compensation Scheme. Consumers are advised to check our register to verify a firm’s details and to call the firm back directly using its advertised phone number. Always access the register from our website, rather than through links in emails or on a firm’s / person’s website. There are some further steps that individuals should take before dealing with firms / persons which purport to offer financial services: Always double-check the URL and contact details of a firm / person in case it is a ‘clone firm / person’ pretending to be an authorised firm / person, such as your bank or a genuine investment firm. Check the list of unauthorised firms. If the firm / person is not on our list, do not assume it is legitimate – it may not have been reported to the Central Bank yet. Check that the product being offered to you is present on the website of the legitimate firm. If you are considering buying a financial product or dealing with a firm, through a website or social media, or if you receive an unsolicited phone call, email, text message or pop-up box out of the blue, take the SAFE test. For further information, please visit the Avoiding Scams and Unauthorised Activity section of the Central Bank’s website. Please remember: - the Central Bank will never contact you asking for money, your personal data or your PPS number; and - if you are offered something that seems too good to be true, it is most likely a scam. 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.
Annex
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