France's Fiscal Watchdog (Amf) Tells Banc De Binary Clients To Nigh Downwardly All Accounts

France's fiscal regulator, the AMF, issued a intelligence bulletin yesterday regarding CySEC-regulated binary options brokerage Banc De Binary, urging all existing clients to closed their accounts every bit shortly every bit possible.

The AMF’s alert comes 2 weeks afterwards Banc De Binary decided to renounce its license amongst fiscal government inwards Cyprus, who issued their ain tilt on Jan 11, 2017, maxim the theatre is no longer allowed to comport draw concern inwards Cyprus.

The CySEC statement reads:

“As stated inwards the renouncement missive of the alphabet of the Company, which provided investment services via the domain eu.bancdebinary.com, its authorisation amongst Νumber 188/13 lapses every bit from 15th of Jan 2017.“

French Republic late passed a novel ready of rules that prohibit the advertising of risky fiscal instruments (CFDs in addition to FX binary options) to the French public. And the AMF has taken a Pb purpose inwards the enforcement of the novel regulations, inwards improver to collaborating amongst fiscal government inwards other countries - especially the CySEC - to position fiscal outfits inwards violations of the novel statutes.

The AMF’s bulletin on Band De Binary states:

“The Autorité des Marchés Financiers is actively engaged inwards combating the dangers for private investors of speculative trading on the Internet. It plant regularly amongst the Cypriot regulator to prepare controls in addition to sanctions for companies operating nether authorisations granted inwards that country.”

Along amongst renouncing its CIF license inwards Cyprus, Banc De Binary has likewise stopped serving customers based inwards the United States.

Image credit: By Banc De Binary [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons