Warning Notice from Info Finance – SqueezeCash is an unauthorized app

Warning Notice from Info Finance – SqueezeCash is an unauthorized app. This information is provided by FSA (The St. Vincent and the Grenadines Financial Services Authority) 

Who is Squeeze Cash?

 Squeeze Cash is introduced as the safest and easiest way to send & receive cash from friends and family. In fact, it is a financial app. It helps Pay shops and send money to friends across borders. There will not be much to say if it only supports normal transactions like any other digital wallet. But SqueezeCash now has FX transactions via brokers without permission from the government.

Warning Notice from Info Finance – SqueezeCash is an unauthorized app 

The St. Vincent and the Grenadines Financial Services Authority (the Authority) advises that SQUEEZECASH has not been issued a license under the Money Services Business Act No. 27 of 2005 (the MSB Act) as amended by Act No. 25 of 2022 and is therefore NOT authorized to conduct Mobile Payment Services Business in St. Vincent and the Grenadines. To conduct Mobile Payment Services Business in St. Vincent and the Grenadines, a service provider MUST be licensed pursuant to Section 5 of the MSB Act. Further, Section 4 of the MSB Act prohibits a person from conducting money services business without the requisite
licence.

As such, persons who are engaging in business with this unlicensed entity will be doing so at their own risk.

Furthermore, the FSA Seychelles urges investors and members of the public to exercise adequate research and evaluation on an entity, service providers, and representatives before conducting business and performing any transactions involving money exchanges or exchanges of personal details. The FSA also reminds the public that the Authority shall not be held liable should persons continue to maintain client relationship, or uses services provided with or by the suspected fraudulent service providers.

Read the original article at https://svgfsa.com/warning-notice-squeezecash/ 

Thank you for reading the news with Info Finance. Don't forget to follow our fan page facebook.com/infofinance.official to update the latest news. Or if you need support during trading with the exchange, please visit infofinance.com to contact Info Finance via the portal

- Support: [email protected]

- Hotline: +84 7691 336 39