USG United International UK FCA license cancellation, no license can "streaking" for how long?
  FX110 2022-12-30 09:56:00
Description:First, on July 8, 2020, USGFX Australia announced that it had entered voluntary trusteeship proceedings and was bankrupt (see: USGFX Australia Bankruptcy Process Real-time Update authoritative release). USG International issued a statement saying that it

Recently, the UK FCA license of USG Union Standard International Group Limited was cancelled, which means that USG Union International currently does not have any financial license.


Recently, the UK FCA license of USG Union Standard International Group Limited was cancelled, which means that USG Union International currently does not have any financial license.


According to the FCA's website, from December 16, 2022, USG International will no longer be regulated.


USG International Finance Group was established in 2006, the original Australian ASIC, Vanuatu VFSC and the UK FCA supervision, but these three regulations have been cancelled.


First, on July 8, 2020, USGFX Australia announced that it had entered voluntary trusteeship proceedings and was bankrupt (see: USGFX Australia Bankruptcy Process Real-time Update authoritative release). USG International issued a statement saying that it has decided to change its business entity, that is, to restructure the Australian company and move its corporate headquarters to Europe.


USG has warned its clients that they can transfer their accounts under ASIC in Australia to USG's FCA in the UK or Vanuatu VFSC in accordance with the account notice, but according to feedback from these clients at FX110, USG has not processed their "withdrawals" in recent years.


According to the FCA's website, from December 16, 2022, USG International will no longer be regulated.  USG International Finance Group was established in 2006, the original Australian ASIC, Vanuatu VFSC and the UK FCA supervision, but these three regulations have been cancelled.  First, on July 8, 2020, USGFX Australia announced that it had entered voluntary trusteeship proceedings and was bankrupt (see: USGFX Australia Bankruptcy Process Real-time Update authoritative release). USG International issued a statement saying that it has decided to change its business entity, that is, to restructure the Australian company and move its corporate headquarters to Europe.  USG has warned its clients that they can transfer their accounts under ASIC in Australia to USG's FCA in the UK or Vanuatu VFSC in accordance with the account notice, but according to feedback from these clients at FX110, USG has not processed their "withdrawals" in recent years.


After that the Vanuatu VFSC licence was cancelled.


Until recently, USG International even the only remaining British FCA license has also been cancelled.


Special note: USG International no longer has any financial regulatory license!!


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