IFSC Warning on TradingBanks

The International Financial Services Commission of Belize (IFSC) has been active lately, especially in the area of fishing out dubious firms. The latest of such firms to be discovered by the regulator is "TradingBanks".The Belizean regulator discovered that TradingBanks falsely claimed affiliation to a subsidiary of an IFSC licensed firm, prompting the IFSC warning on TradingBanks. After this discovery, the regulator has firmly noted that TradinBanks is neither regulated to carryout its operations in the region, nor affiliated to any IFSC licensed entity.