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CSSF warns of unknown investment company
Regulator

CSSF warns of unknown investment company

by HP 16.08.2019 From our online archive
Second warning from the financial regulator in just two days
Webnet Ltd claims it is based in Luxembourg City Photo: Anouk Antony
Webnet Ltd claims it is based in Luxembourg City Photo: Anouk Antony

Luxembourg's financial regulator has warned it has not given authorisation to a company to provide investment or other financial services despite the firm claiming it is based in the country.

Webnet Ltd, whose website address is www.2dots.com, says it is established on rue Heinrich Heine, off the avenue de la Liberté main thoroughfare in Luxembourg City.

The Commission de Surveillance du Secteur Financier (CSSF) said on Friday it does not know Webnet Ltd, and that the entity has "not been granted any authorisation to provide investment services or other financial services in or from Luxembourg".

The warning comes just two days after the watchdog said it has not given authorisation to a cryptocurrency firm named  Cryptominingoptionsignal which claims to be licenced in Luxembourg.


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