AFM: unauthorised websites offering investments in forex and crypto asset derivatives

The Autorité des Marchés Financiers and the Autorité de Contrôle Prudentiel et deRésolution warn the public against the activities of several websites and entitiesproposing forex investments or proposing online investment services in France forderivatives whose underlyings include crypto assetsPublished on December 20, 2019With the objective of protecting investors, the AMF and the ACPR regularly update their black lists of new websites and entities offeringinvestments in the unregulated foreign exchange (Forex) market in France and sites offering derivative products whose underlyingsinclude crypto assets without being authorised to do so.

New unauthorized websites recently identified on ForexHere is the list of new websites recently identified:

– www.capitalpilots.com / Capital Pilots

– www.part-sgps.com / Part-Sgps

– www.princedeheidendorf.com / Prince de Heidendorf Asset Management SIA

New unauthorized websites recently identified on derivative products whose underlyings include cryptoassets: Here is the list of new websites recently identified:

– www.moneyo.io

– www.stsroyal.com/fr

These lists of all unauthorized websites to offer investments on the unregulated foreign exchange (Forex) or derivative products whoseunderlyings include crypto assets are available in the AMF’s website (section: Espace épargnants > Protéger son épargne > Listesnoires) and the application AMF Protect Epargne, and the Assurance Banque Épargne Info Service – ABE IS’s website (section: Vosdémarches > Se protéger contre les arnaques > Les listes noires des sites internet et entités non autorisés).These websites may change very quickly and these lists are not intended to be exhaustive.

To ensure that the intermediary offering banking or financial products or services is authorised to operate in France, you can view theregister of financial agents (https://www.regafi.fr) or the list of authorised intermediaries in the financial investment advisor (FIA) orparticipating investment advisor (PIA) categories (https://www.orias.fr/search).If the intermediary in question is not on any of the last two lists, we strongly recommend that you should not make use of their services, asthey are in breach of the applicable legislation and are not required to comply with basic rules of investor protection, information disclosureand claims handling.

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