Central Bank issues warning on WeRe Bank

WeRe Bank (United Kingdom) is not authorised to provide financial services in Ireland

WeRe Bank (United Kingdom) is not authorised by the Central Bank to carry out banking business or to provide any other financial services. (Photograph: Matt Kavanagh/The Irish Times)

WeRe Bank (United Kingdom) is not authorised by the Central Bank to carry out banking business or to provide any other financial services. (Photograph: Matt Kavanagh/The Irish Times)

 

The Central Bank is warning consumers that WeRe Bank (United Kingdom) is not authorised by the Central Bank to carry out banking business or to provide any other financial services.

It is a criminal offence for an unauthorised firm/person to provide financial services in Ireland that would require an authorisation under the relevant legislation, and anyone who deals with such a firm, is not eligible for compensation from the Investor Compensation Scheme.

If you have information on this, or any other firm which may be unauthorised to operate in Ireland, you can contact the Central Bank on (01) 224 4000.

You can also check a list of unauthorised firms/persons on the Central Bank website. Since the start of the year, the regulator has issued warnings on eight investment firms.