Warnings & sanctions

On this page you can find the warnings published against the companies or persons active within Belgium without holding the specific authorization required to offer credit or investment products/services in or from within Belgium.

These warnings are published by the FSMA or by other supervisory authorities with a view to warning the public against companies or persons who are operating illegally or even fraudulently. If a warning has been published against the person or company contacting you, do not make any payment!

Warnings by




Please note: the absence of a warning about a company does not guarantee that the company in question holds a valid authorization.

The FSMA seeks to ensure that it publishes warnings in a timely manner. It can happen, however, that the FSMA has not yet been informed of a company that is engaging in unauthorized activities on the Belgian market. That is the case, for example, with companies that regularly change names. It is therefore possible that the FSMA has not yet published warnings about certain companies that are operating illegally within Belgium.

In any event, it is advisable to check, using the search function, whether:

  • The company contacting you holds an authorization to make you this offer.
  • A warning has been published against the company contacting you.

Don't be duped! Consult the FSMA website for more information regarding the most frequent forms of investment fraud.