Company Information

Get to know Alliance Financial Services Limited (Jamaica)

Alliance Financial Services Limited (AFSL) was a prominent Jamaican non-bank financial institution that specialized in providing foreign exchange (Cambio) and money remittance services. It operated as a primary agent for international money transfer companies like MoneyGram, Ria, and Remitly, facilitating inbound remittances for Jamaican residents. The company's mission was to offer convenient and accessible money services through a network of locations across the island. However, in December 2021, the Bank of Jamaica revoked AFSL's operating licenses, effectively halting its core business operations due to regulatory breaches.

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Financial PaymentPRIMARY
Financial Other Service

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Alliance Financial Services Limited (Jamaica)

Jamaica

Founded in

2004 (22 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.