YEREVAN, December 29. /ARKA/. Armenia’s Central Bank has warned citizens against entrusting their funds to such companies as IOE AI, ChargeFast, CharlesSchwab, Asos Mall, Furious, Hewlett-Packard, which are available through their websites, applications and Telegram channels, saying that their promises of bonuses in exchange for their money, including deposits are risky and may be fraught with serious financial damage and loses.
“Based on the fact that these companies, in fact, attract money from the population, we would like to inform that the Central Bank of Armenia has not issued licenses to these companies to carry out any type of activity, therefore, they operate outside the control of the Central Bank,” the regulator said in a statement.
The regulator noted that due to the above, it cannot control the risks from the activities of such companies and ensure proper protection of consumers’ interests. This means that citizens entrusting their funds to such companies act solely at their own risk, which can lead to financial damage and severe social consequences.
“In order to avoid frauds and financial losses, we advise that citizens be vigilant and use only official sources of information,” the regulator said, explaining that its official website has the list of financial organizations licensed and controlled, which have the right to make public offerings and engage in activities permitted by law. -0-
