Enforcement Measures

All regulated entities are required to be licensed and it is an offence to carry on operations under the respective legislation without a licence.

The Commission has statutory powers of investigation and, where it has reasonable grounds to suspect that an individual or company is conducting relevant business without the appropriate licence, will take enforcement measures to prohibit the illegal act.

The Commission works closely with the Anti-Money Laundering Reporting Authority and law enforcement in the prevention of fraud, money laundering, and the financing of terrorism. If you have suspicion that you are dealing with an individual or company that appears to be carrying on financial services business without a licence, or facilitating money laundering or the financing of terrorism you should contact the Commission.