CashFX Group has received a securities fraud warning from Sweden’s Finansinspektionen.

As per Finansinspektionen’s August 9th warning, CashFX Group

does not have a permit from FI to conduct securities business or other financial activities in Sweden.

FI warns investors and others to trade with companies that do not have a license to conduct financial activities.

This is the equivalent of a securities fraud warning in other jurisdictions.

Finansinspektionen, Sweden’s top financial regulator, identifies national promotion of CashFX Group taking place from the domain “cfxisverig.se”.

The domain has been disabled sometime over the past few days.

The scammer behind the domain corresponds to the CashFX Group affiliate account “cfxisverigeab”.

“AB” is the Swedish equivalent of LLC, so this likely corresponds to a shell company.

Another promoter of CashFX Group operates from “cfxsverige.se”.

Given the similar naming, this might be the same scammer.

BehindMLM 
reviewed CashFX Group
 in July 2019. Based on its business model we concluded it was a Ponzi scheme.

Sweden is the sixteenth jurisdiction to issue a securities fraud warning against CashFX Group.

Finansinspektionen’s warning follows similar regulatory action by
Ireland
,
South Africa
,
the Philippines
, 
Belgium
, 
New Zealand
, 
Jersey
, Canada (
New Brunswick
,
Manitoba
,
Saskatchewan
,
Quebec 
and 
British Columbia
), 
Panama
, 
the Bahamas
,
Norway
and
the UK
.

On information and belief owner Huascar Lopez operates CashFX Group from the Dominican Republic.

To date authorities in the Dominican Republic have failed to take action against Lopez or his co-conspirators.

🤖 Quick Answer

What regulatory action did Sweden's Finansinspektionen take against CashFX Group?
Finansinspektionen issued a securities fraud warning on August 9th, stating that CashFX Group lacks authorization to conduct securities business or financial activities in Sweden. The regulator identified promotional activities through the domain "cfxisverig.se" linked to affiliate account "cfxisverigeab" and warned investors against trading with unlicensed companies.

Why is CashFX Group's Swedish domain considered significant by regulators?
The domain "cfxisverig.se" was used for national promotion of CashFX Group's services within Sweden. Finansinspektionen identified the domain as connected to the affiliate account "cfxisverigeab," indicating coordinated unauthorized financial activity. The domain has subsequently been disabled by authorities.

**What does Finansinspektionen's

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