Trading in Investment Banking Without a Licence
- Details
- Category: Public Notice
- Created: 17 November 2023
The National Reserve Bank of Tonga (NRBT) has officially identified and taken action against the entity operating under the name "Famili Tonga USA Trading" for engaging without a licence in investment activities confirmed as a banking business. This entity has been found to operate without a requisite banking license, a contravention of section 7 of the Banking Act 2020.
| Also read in Tongan: Fefakatau’aki ‘i he Fakatupupa’anga Fakapangikē te’eki ke laiseni |
NRBT has therefore directed this business to cease its investment activity immediately and all the funds collected must be paid back to the investors. Investors who have not received their invested funds from Famili Tonga USA Trading as of 10 November 2023 are encouraged to file a claim with the Reserve Bank. Claims should be accompanied by necessary evidence and submitted using the provided "Declaration" form, available for pickup at the Reserve Bank’s reception desk or downloaded from this link:
The Reserve Bank reiterates its warning to the public, urging caution against participating in unauthorized financial activities or investments. The Reserve Bank is committed to safeguarding the financial interests of the public and maintaining the integrity of the financial system.
For assistance or inquiries related to this matter, please refer to the contact details provided below:
Financial Institutions Department
National Reserve Bank of Tonga
Fasi mo e Afi
NUKU'ALOFA
Telephone: (676) 24057
Fax: (676) 24201
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
