“Teach Real FX Ltd.” has never been licensed for financial activities – AMCM

The Monetary Authority of Macau (AMCM) issued a statement today (Friday) alerting that “Teach Real FX Ltd.” and “TR Foreign Exchanges” have never been granted a license to engage in any financial activities in the SAR.

AMCM appeals to the public to conduct financial activities through licensed financial institutions to avoid fraud and unnecessary losses.

According to Article 2 Paragraph 1 of the “Macau Financial System Act”, only licensed financial institutions can engage in financial activities in Macau. Any person or entity that engages in financial activities without permission would constitute “particularly serious violation of the law” referred in Article 122, paragraph 2, subparagraph b of the “Macau Financial System Act” and can be fined up to MOP 5 million.