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The AFM issues a warning against twelve unlicensed providers

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The Netherlands Authority for the Financial Markets (AFM) issues a warning against Ahmporn Thongpuu, Ampay Kanoknathkhun, Atjamae Por-orn, Credit Vergadain, KEB Credit, Loan Exchange, Patcharee Precharun, Patchari Pritchakun, Surin Waanaa, Surin Wana, T.Y.I.B. and Worrapong Chamtjaiwong. The AFM suspects that one and the same (legal) person/organisation is behind the abovementioned parties. The AFM also suspects that this (legal) person/organisation makes use of other names.

The AFM warns consumers against entering into loan offers made by the abovementioned providers. The AFM is of the opinion that these providers have provided or continue to provide credit in the Netherlands, without possessing a licence from the AFM to do so or without having been granted an exemption. Offering credit in the Netherlands without having a license or having been granted an exemption, constitutes a violation of Section 2:60 of the Act on Financial Supervision.

Aforementioned provider KEB Credit should not be confused with the Korea Exchange Bank (KEB), which does have a licence for providing credit in the Netherlands.

The abovementioned parties make use of the following contact details when offering credit:
Fax numbers: 087-7846771, 087-7848832 and 087-7848332.
E-mail addresses: acclaimedloans@gmail.com, aeneascash@aol.com, credit.oasis@gmail.com, credit_vegadain@lavabit.com, CVPLC@lavabit.com, keb.credit@gmail.com, KebService@aol.com, laverna@lavabit.com, loanandmoneyexchange@gmail.com, loanexchange@lavabit.com, moret.consultants@gmail.com, TongYangIB@aol.com en YongYangIB@aol.com.
Names: Ann Daraa, Astrid Chanson, David Chan, David Chuii, John Wallenberg, Mark Ovid and R. Hui.

The AFM advises consumers, who wish to do business with an institution or person, to check the relevant register on the AFM's website in advance to verify whether the relevant institution or person is registered and is authorized to offer credit in the Netherlands.

The AFM also urgently advises consumers to consult the warning list prior to concluding a loan agreement with a party. It is inadvisable to pay an insurance contribution before the consumer has received the offered loan. The AFM advises consumers to be extra vigilant with respect to institutions and persons who make use of email addresses that can be generated free of charge (such as Gmail, hotmail and lavabit) and institutions and persons that make use of free fax numbers. These often have numbers that start with '084' or '087'.

www.afm.nl/waarschuwingslijsten shows two AFM warning lists. (1) AFM warning list. This list shows institutions and person who do not have a licence while they should have one according to the law. It also lists institutions that do not provide a prospectus with their securities, while they are required to do so by law. (2) Foreign warning list. This list includes institutions against which foreign supervisors have issued a warning.

Investors with questions or comments can also contact the AFM's Financial Markets Information Line on: 0900 - 5400 540 (0,05 euro per minute) or from abroad +31 20 797 3715.

The AFM promotes fairness and transparency within financial markets. We are the independent supervisory authority for the savings, lending, investment and insurance markets. The AFM promotes the conscientious provision of financial services to consumers and supervises the honest and efficient operation of the capital markets. Our aim is to improve consumers’ and the business sector’s confidence in the financial markets, both in the Netherlands and abroad. In performing this task the AFM contributes to the prosperity and economic reputation of the Netherlands.

The AFM is committed to promoting fair and transparent financial markets.

As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.

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