In early January 2023, news broke that several depositors at the investment firm Stocks and Securities Ltd., (SSL) had been fleeced of billions of dollars.
The Financial Services Commission (FSC) will be taking steps to assist FSC-regulated institutions to strengthen their mechanisms to detect and prevent fraud.
The Opposition People's National Party is expressing concern about the apparent failure of the Financial Services Commission (FSC) to provide adequate regulatory oversight of companies operating in the non-deposit taking financial services industry.