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Carribean island regulator disowns VIP Portal forex licence

Mr Francis Nyenze who led the task force. PHOTO | FILE | NATION MEDIA GROUP

A Caribbean financial markets regulator has denied having authorised a Limuru-based firm to trade in foreign exchange, deepening the mystery surrounding the company which is also under investigation by Kenya’s anti banking fraud police.

The Financial Services Authority (FSA) of St Vincent and the Grenadines, the Caribbean island where VIP Portal Inc. claims to be registered, has said that it has not authorised the firm to do foreign exchange trading.

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