The Reserve Bank has warned the public about an overseas firm offering financial services to New Zealand clients.
First International Bancorp claims to be a "privately owned international financial institution, registered under the New Zealand Commonwealth Offshore Banking Act of 1993".
Its website says it offers customers "secure investment opportunities" and "the lowest risk and highest rates of return available in today's financial market".
It also claimed "important alliances" with ANZ and ASB. However, a Reserve Bank statement said First International Bancorp was not licensed or supervised by any New Zealand authority.
"It is not registered under the New Zealand Commonwealth Offshore Banking Act of 1993 as no such act exists in New Zealand," the statement said. "Use of the name First International Bancorp is not permitted by the Reserve Bank of New Zealand."
Toggle signature
First International Bancorp claims to be a "privately owned international financial institution, registered under the New Zealand Commonwealth Offshore Banking Act of 1993".
Its website says it offers customers "secure investment opportunities" and "the lowest risk and highest rates of return available in today's financial market".
It also claimed "important alliances" with ANZ and ASB. However, a Reserve Bank statement said First International Bancorp was not licensed or supervised by any New Zealand authority.
"It is not registered under the New Zealand Commonwealth Offshore Banking Act of 1993 as no such act exists in New Zealand," the statement said. "Use of the name First International Bancorp is not permitted by the Reserve Bank of New Zealand."
Toggle signature
Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community
Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
Support the Freedom of Speech of our Community
Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.