The Financial Services Regulatory Commission of Antigua and Barbuda has issued a public alert confirming that unlicensed entity STEADYLEND is operating in violation of domestic financial law. According to the commission’s official notice, the firm has not obtained the mandatory license required to conduct any money services business within Antigua and Barbuda’s jurisdiction. This unapproved operation directly contravenes Section 4 (1) and Section 13 of the amended 2011 Money Services Business Act, the territory’s core legislation governing financial services in this sector. Commission investigators have verified that STEADYLEND is actively marketing its loan offerings to the public and carrying out regulated money service activities without authorization. The regulator is urging local consumers to exercise heightened caution when engaging with any unvetted financial service provider to avoid potential risks associated with unregulated lending. Members of the public seeking additional information or clarification regarding this alert are directed to contact the International Banking and Non-banks Unit of the Financial Services Regulatory Commission. The unit is located at Royal Palm Place on Friars Hill Road, St. John’s, Antigua, and can be reached via post at PO Box 2674.
Financial Services Regulatory Commission Warns Public Against Unlicensed Loan Provider SteadyLend
