The Cyprus Securities and Exchange Commission (CySEC) has withdrawn the Cyprus investment firm (CIF) authorisation of Fintailor Investments Ltd.
The decision, which was made by the regulator at a meeting held on 15th April 2024, was announced today. The regulatory move is in accordance with section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 and section 4(7) of Directive DI87-05.
CySEC notes that the withdrawal reflects Fintailor Investments’ decision to expressly renounce its CIF license.
None of the approved domains through which the firm operates was accessible at the moment of the writing of this article.
Earlier in 2024, CySEC announced a settlement agreement with Fintailor Investments Ltd.
The settlement covers possible violations of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007 (‘the Law’) and the Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing issued by CySEC (‘the Directive’). The investigation for which the settlement was reached, involved assessing the Company’s compliance, for the period 2016-2019.
