Mauritius FSC Flags Conventus Group over Forged License The Financial Services Commission in Mauritius, the island nation’s financial watchdog, today warned investors that Conventus Group is falsely claiming to hold a local registration while not actually licensed by the commission ‎or any other competent authority.To get more news about fsc regulated forex brokers, you can visit wikifx.com official website. According to the FSC, ‎‎all persons concerned should exercise extreme caution and take note, as the ‎‎aforementioned entity is also fraudulently claiming to hold a trading licence in financial and commodity-based derivative instruments and other securities. Specifically, the FSC warned that Conventus is posting on its website a certificate of incorporation carrying its name and purporting to be incorporated in Mauritius, yet this certificate is a complete forgery, the watchdog says. Not only did the broker approach clients without having been authorized by the Mauritius ‎regulator, but it further falsely claims that it holds a CIF license from the Cypriot regulator Traders are strongly advised against signing up with, funding an investing account at, or ‎receiving any financial services or advice from this brokerage. The FSC advises that clients ‎exercise extreme caution when they encounter this company.‎ Typically, alleged scam entities in scenarios like this may deny the accusations and make ‎up excuses, perhaps that it was an administrative error, but in this case the company ‎plus listing on its website the regulatory status. It also ‎provides a link to a copy of its alleged FSC license. ‎ The Mauritian regulator has experienced its share of unlicensed firms operating within its jurisdiction. As the financial world continues to adapt to the growing demand for Cryptocurrencies, many institutions are making the necessary adjustments. The FSC is no exception, as the authority has already begun to monitor and assess crypto companies and their respective activity. Finance Magnates reported on Belize’s financial services regulator last month when it signed a Memorandum of Understanding (MOU) ) with local AML/CFT supervisors to combat money laundering and the financing of terrorism. The regulator also reminded its regulated entities that they are required to report any suspicious or potentially ‎suspicious activity of the individuals or entities named in the Sanctions List set up by UNSC. ‎