Central Bank of Ireland warns over unlicensed banks

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The Central Bank of Ireland revealed on August 16 it had received "a number" of complaints about two firms offering unauthorised and unlicensed banking services.

Concerns have been raised about the ‘Irish Nationwide Bank' and ‘Elite Bank Group', both of which were confirmed by the central bank to be bogus financial institutions. "Neither firm holds any authorisation or licence from the central bank nor are they appropriately licensed in another European Economic Area member state as a credit

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