Belize financial regulator IFSC (International Financial Services Commission) has announced that BDB Services (Belize) Limited, the Belize subsidiary of binary options broker Banc de Binary, is no longer licensed by the IFSC due to non-compliance to some conditions, without giving further details.
The IFSC put out the following warning notice on the matter, which can also be accessed on the IFSC’s website.
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Office of the International Financial Services Commission,
Sir Edney Cain Building,
Belmopan,
Belize, C.A.
17 October 2016
WARNING NOTICE
BDB Services (Belize) Limited
It is hereby notified for general information that BDB Services (Belize) Limited of domain name, Banc De Binary with its registered office at No. 5 Cork Street, Belize City, Belize, C.A., is no longer licensed by the International Financial Services Commission of Belize (IFSC) due to non-compliance to some conditions of the annex attached to the licence granted for ‘Trading in financial and commodity-based derivative instruments and other securities’.
All investors and other persons concerned are advised to take note and exercise caution.
NERI J. MATUS (MRS)
DIRECTOR GENERAL
International Financial Services Commission of Belize