The Dominica Financial Services Unit issued a public notice revoking the Money Services Business licence of Financial Services Inc.-Fast Cash, an MSB Class E (Pay day Advance), with effect from 3 January 2025. The revocation means the firm is no longer authorised to operate as a money services business or to carry out related financial transactions, including micro financing. The notice cites Section 33 of Dominica’s Money Services Business Act (2017 Revised Laws) as the basis for the action and notes that the revocation was also publicised in the Gazette dated 20 March 2025.
Dominica Financial Services Unit 2025-04-15
Dominica Financial Services Unit revokes Financial Services Inc.-Fast Cash money services business licence effective 3 January 2025
The Dominica Financial Services Unit has revoked the Money Services Business licence of Financial Services Inc.-Fast Cash, an MSB Class E (Pay day Advance), effective 3 January 2025 under Section 33 of Dominica’s Money Services Business Act (2017 Revised Laws). The firm is no longer authorised to operate as a money services business or conduct related financial transactions, including micro financing, with the revocation also published in the Gazette dated 20 March 2025.