Altimate Coin Financial Services Limited -
Warnung FSCA South Africa - 2020-Mar-10
Press Release 10 March 2020
FSCA warns the public against Altimate Coin Financial Services Limited
The Financial Sector Conduct Authority (FSCA) would like to warn members of the
public to act with caution when dealing with Altimate Coin Financial Services Limited
(Altimate). The FSCA received information that Altimate claims on their website to be
authorised in terms of the Financial Advisory and Intermediary Services Act, 2002
(FAIS Act), to render financial services since 2015.
The FSCA confirms that Altimate is not authorised to provide any financial advice
and intermediary services to customers. It is the FSCA’s view that this entity is
conducting unregistered business and providing advisory and intermediary services
without the necessary authorisation.
Members of the public should always check that an entity or individual is registered
with the FSCA to provide Financial Advisory & Intermediary Services and what
category of advice it is that the entity is registered to provide. There are instances
where persons are registered to provide basic advisory services for a low risk
product and then offer services of a far more complex and risky nature. The FSCA
again reminds consumers who wish to conduct financial services with an institution
or person to check beforehand with the FSCA on either the toll free number (0800
110 443) or on the website www.fsca.co.za as to whether or not such institution or
person is authorised to render financial services.
ENDS
Enquiries: Financial Sector Conduct Authority
Email address: fscacommunications@fsca.co.za
Telephone: 012 367 7883
+49 341 9826113 
