NBS warning regarding unauthorized activities of All Property Ltd.
Národná banka Slovenska (NBS) warns the customers, depositors and investors of All Property Ltd. (All Property Limited) about the business activity of this company. According to the available information, All Property Ltd., having its registered office in Dubai, offers investments to Slovak customers via its websites. It claims to offer instruments with a 100% guarantee of the deposit and investment and a 36% annual return.
Národná banka Slovenska, as the competent authority for issuing authorisations under laws regulating the Slovak financial market, points out that it has not issued All Property Ltd. any authorisation that would authorize the company to conduct business activities in Slovakia regulated by Act No 483/2001 Coll. on banks (and amending certain laws), as amended; Act No 566/2001 Coll. on securities and investment services (and amending certain laws), as amended; and Act No 594/2003 Coll. on collective investment (and amending certain laws), as amended.
In view of these facts, Národná banka Slovenska further points out that business activities of All Property Ltd. conducted in the area of the financial market in the Slovak Republic without authorisation from NBS are in breach of the aforementioned laws. The investment activities of All Property Ltd. are not subject to supervision by NBS and funds invested in the company’s activities are not subject to protection under the laws of the Slovak Republic.
National Bank of Slovakia
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2142, +421-2-5865 2142, +421-2-5787 2169, +421-2-5865 2169
Reproduction is permitted provided that the source is acknowledged.