Financial Services Authority

Year 2012Regulated by Government

The Financial Services Authority was established on November 12, 2012 by an Act of Parliament, the Financial Services Authority Act, which established a single regulatory unit with the responsibility of regulating certain entities and businesses in the financial sector and provides for regulated matters. The Financial Services Authority was created by Parliament to institute a new system to manage, direct control and supervise the international financial services industry and domestic non-bank institutions in this country.

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Warning Exceeded
Disclosure summary
  • Disclosure matching Website matching
  • Disclosure time 2017-11-30
  • Reason for punishment The Financial Services Authority (FSA) wishes to advise that an entity called Tallinex Limited claiming to offer Forex trade Services as a registered St. Vincent and the Grenadines (SVG) International Business Company (IBC) is not and has however never been registered by the SVG FSA to conduct that line of business.
Disclosure details

ALERT 2 OF 2017 – TALLINEX LIMITED

The Financial Services Authority (FSA) wishes to advise that an entity called Tallinex Limited claiming to offer Forex trade Services as a registered St. Vincent and the Grenadines (SVG) International Business Company (IBC) is not and has however never been registered by the SVG FSA to conduct that line of business. The entity advertises its services through the website, www.tallinex.com and has as its address Jaycees Building, Stoney Grounds, Kingstown, SVG. Tallinex Limited responded the following to a question, “Is Tallinex Regulated?” on its “FAQ” which may be suggesting that it is so regulated by the FSA pursuant to the IBC Act which is administered by the FSA. “The Financial Services Authority (FSA) in St Vincent and the Grenadines is responsible for ensuring that Tallinex complies with its obligations under the IBC Act. The FSA enforces strict business practices equal to or exceeding requirements of financial services regulators in other countries.” However, please be advised that Tallinex has been engaging in forex trading business at its own risk or at the risk of the jurisdiction where it obtained authorization to conduct such business as it is not regulated by the FSA.
Annex