The AFM warns against KB Panamá
The Netherlands Authority for the Financial Markets (AFM) is warning investors not to accept any offers for investment
services made by KB Panamá. The AFM believes that KB Panamá is offering and has provided investment services in the
Netherlands without a licence or exemption. In addition, the AFM has received a complaint from a consumer who has been
approached by phone by KB Panamá. Offering and providing investment services in the Netherlands without a licence or
an exemption constitutes a violation of Article 2:96 of the Act on Financial Supervision [Wet op het financieel toezicht].
KB Panamá uses the following address for its investment services operations: 1st Floor - World Trade Center, P.O. Box
0832-0588 WTC, C/53 Marbella, Panamá, Republic of Panamá.
The AFM advises investors wanting to do business with an institution or person to first check the relevant register on
the AFM website to see whether the institution or person in question is registered and authorised to offer or provide
investment services in the Netherlands. The AFM also urges investors to consult the warning lists in advance. The three
AFM warning lists are available online at www.afm.nl/waarschuwingslijsten : (1)
institutions and individuals without the licence required by law, (2) institutions which do not issue a prospectus along
with their securities as required by law, and (3) institutions against which foreign supervisory authorities have issued
warnings. Investors who have any queries or complaints should contact the Financial Markets Information Line on +31 20 797 3715.