The Central Bank of Sao Tome and Principe (BCSTP) has issued a warning against FAST BENEFÍCIO, LDA, a company operating in the country. According to the BCSTP, FAST BENEFÍCIO, LDA is not authorized to conduct financial activities, specifically collecting deposits from the public. The company, located on Avenida Geovani (Mercado Coco-Coco), has been offering deposit collection services with promises of high returns.
FAST BENEFÍCIO, LDA's activities involve collecting deposits ranging from Db.5,000 to Db.1,000,000, with a promised return of 20% on the deposited amount within two weeks. The company claims to invest the funds in Bitcoin operations. However, the BCSTP states that this activity constitutes illicit financial activity, as the company lacks the necessary authorization. The central bank is mandated to regulate and supervise the national financial system and protect consumers.
The BCSTP has alerted the public and economic agents to refrain from engaging in commercial relations with FAST BENEFÍCIO, LDA, particularly those involving deposit collection for alleged Bitcoin investments. The central bank also advises citizens who have made deposits with the company to visit its premises and request the return of their funds. This warning is part of the BCSTP's efforts to safeguard the interests of consumers and the general public.
To verify the legitimacy of financial service providers, the BCSTP recommends checking the list of authorized institutions, which is available on their website. The central bank is committed to maintaining the legality, integrity, and transparency of the national financial system. They continue to develop supervisory and inspection actions to prevent and combat illicit financial activities.
The BCSTP's warning against FAST BENEFÍCIO, LDA is part of its efforts to protect the public from unscrupulous financial activities. The company's alleged promise of high returns on deposits has raised suspicions, and the central bank is taking measures to prevent potential losses for citizens. By issuing this warning, the BCSTP aims to promote confidence in the financial system.
The central bank's actions are guided by the legislation in force in Sao Tome and Principe. The BCSTP's role in regulating and supervising the financial system includes preventing and combating illicit financial activities. By working to safeguard the interests of consumers and the general public, the BCSTP aims to maintain stability in the financial sector.
In conclusion, the BCSTP's warning against FAST BENEFÍCIO, LDA serves as a reminder to citizens to exercise caution when engaging with financial service providers. By verifying the legitimacy of these providers and being aware of potential scams, citizens can protect themselves from financial losses. The BCSTP remains committed to promoting a safe and transparent financial system in Sao Tome and Principe.
Key points
- FAST BENEFÍCIO, LDA is not authorized to conduct financial activities in Sao Tome and Principe.
