Exclusive: USGFX Vanuatu having client withdrawals blocked by regulator
USGFX now expects to have returned 100% of client fund withdrawal requests by the end of March 2021, at the latest.
USGFX now expects to have returned 100% of client fund withdrawal requests by the end of March 2021, at the latest.
The move comes as USGFX / Union Standard is in process of relocating its global headquarters and the nexus of its operations to the UK.
BRI Ferrier are already embarking on a due diligence phase with potential buyers for bankrupt USGFX’s business and assets – mainly, its client list.
USGFX’s CySEC license application is reported to be in “final stages”, although apparently it has been delayed due to Covid-19 related administrative issues in Cyprus.