Unauthorised Tipperary Debt Management Firm Named

The Irish Central Bank, since August 1st 2013, has had the power to issue public warning notices in relation to any unauthorised firm they consider are carrying on activities that would require an authorisation from the Central Bank. This power came into being following the enactment of the Central Bank (Supervision and Enforcement) Act in August 2013.

To this end, the Central Bank of Ireland (CBI) today published the name of an unauthorised debt management firm based here in Co Tipperary; naming Smart Resolutions Mediation Limited (Ireland), latter situated at Canopy Street in Cashel, as operating illegally and not therefore authorised to trade.

The firm, understood to be operated by the partnership of Mr Thomas and Mrs Geraldine Quigley, currently act as mediators between banks and distressed mortgage holders, the latter wishing to resolve individual personal financial difficulties in which they currently find themselves.

The Central Bank point out that it is a criminal offence for any unauthorised person or firm to provide financial services in Ireland, latter which would require an authorisation under the relevant legislation for which the Central Bank is the responsible enforcement body.

Any person wishing to contact the Central Bank with information regarding such persons or firms may Telephone (01) 224 4000. This telephone number may also be contacted by any member of the public who wishes to check if a person or firm is fully authorised.