The Liechtenstein Financial Market Authority has ordered TGI AG to immediately cease the distribution and public offering of the products "Customer Basic 2%", "Sales Premium" and "Instant Discount" after finding that the firm was conducting deposit business without the required authorization. The order also requires TGI AG to refrain from further holding third party funds accepted as deposits in connection with those products within four months of notification of the injunction. The injunction is dated May 26, 2026 and is immediately enforceable, although it is not yet legally binding. The FMA said TGI AG has no supervisory licence or registration and is not authorized to provide services in Liechtenstein that require a licence or registration. It also referred to its warning concerning TGI AG issued on April 22, 2026.
Liechtenstein Financial Market Authority2026-05-28
Liechtenstein Financial Market Authority orders TGI AG to halt unauthorized deposit products and stop holding third party funds within four months
The Liechtenstein Financial Market Authority has ordered TGI AG to immediately stop distributing and publicly offering its “Customer Basic 2%”, “Sales Premium” and “Instant Discount” products, after determining the firm was conducting unauthorized deposit business. TGI AG must also cease holding third-party funds accepted as deposits for these products within four months, with the injunction dated May 26, 2026 immediately enforceable but not yet legally binding.