VFSC

  • category
    Finance
  • Views
    124
  • Reviews
    0

About VFSC



Nestled in the South Pacific Ocean, the island nation of the Republic of Vanuatu is home to slightly over 300,000 people. In December 1993, the Vanuatu Financial Services Commission (VFSC) was founded as an offshore regulatory body.

Vanuatu is a hub for broker and investment scams. A large number of them register as “regulated financial companies” with the VFSC. Nevertheless, neither the EU nor any other significant regulatory body recognizes the VFSC licence.

In the eyes of authorities in North America and Europe, the VFSC is not truly a regulator. Getting a licence to provide financial services is not too difficult. To attract offshore clients, some brokers and financial businesses pair their VFSC licences with EU (and frequently CySEC) permits.

 

More Information

  • Address Rue Bogainville, Port-Vila, Shefa, VU
  • Chairperson Moli Vanaos Goiset Thi Tam
  • Establishment Year 1993
  • Preceding Agency Ministry of Finance and Economic Management

VFSC

  • category
    Finance
  • Views
    124
  • Reviews
    0

4

trust score

4

brand audit

N/A

user’s score

0

user reviews

Low risk
Adverse MediaYES CommissionerGeorge Andrews JurisdictionVantau Entity typePublic
Online presenceLow Consumer feedbackNegative Allegations of corruption?No No. of EmployeesUnknown
ReliabilityLow Customer SupportAverage
An overview on VFSC
VFSC is the financial regulator of the island nation Vanuatu. It has received allegations of having very lax regulations and requirements for its licenses. Check out our list of Best Finance Companies. Don't miss out on our curated list of the best finance companies, meticulously selected to cater to diverse investment needs and goals. From cutting-edge fintech startups to established financial giants, our comprehensive guide provides valuable insights and detailed analysis, ensuring you make informed decisions in aligning with the right investment partner
User score
N/A
Trust
experience
service
ethics
Pros
  • A credible government agency
  • Highly reputed
Cons
  • Weaker regulations than others
1 RED FLAGS FOR VFSC

VFSC has a consumer rating of N/A stars from 0 consumer complaints and reviews indicating that most customers are NOT satisfied with their experience. Consumers unhappy with VFSC most frequently mention bad support and high costs.

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critical intel on VFSC

Why Avoid Brokers with a Vanuatu License

The article goes over the drawbacks of working with brokers licensed by VFSC. Apparently, the low capital requirements coupled with the weak regulatory laws make a VFSC-licensed broker unreliable.

Published in 2018 SERP<10 Risk factor0.33 Brand impact0.40
VisibilityLow Traffic sourceSearch engines EngagementLow Est. reliabilityMed

Top 3 negative keyword association :

  • Weak
  • Offshore license
  • Unregulated brokers

0 Comments

VFSC has a consumer rating of N/A stars from 0 consumer complaints.

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