There is good news for customers of the Federal Bank of the Middle East; since we can see progress for pending DGS claims FBME customers. In December 2016 Legal Floris LLC announced to having found solutions for pending or rejected DGS claims for customers of Cyprus based FBME Bank. Today, the 20th of February 2017, the central bank of Cyprus send out e-mail messages to FBME Bank customers who filed their claim for compensation under the deposit guarantee scheme but have not yet received their funds.
Finally there is light at the end of the horizon. However, receiving this message does not irreversible mean that payments will be made. The central bank needs to verify specific information to be assured that payment is only made for those who qualify for insured payment.
Did you receive a message from the Central Bank of Cyprus today?
Then read on… because we are going to help you to get your money. If we can’t succeed via the deposit guarantee scheme we will use other legal routes to get you compensated.
There can be various reasons why payment is delayed or cannot be paid out at all. Some claims were made by firms who are exempted from the payment of compensation. Other reasons for rejection can be exclusion based on ESA 2010 statistical classifications or because of impersonation or failure to follow the procedures.
The central bank currently needs an answer to the following four questions. However, there are much more question that can come up in the future. That is why Legal Floris LLC crafted a complete Q&A that provides the central bank with every piece of information they might be looking for. The central bank currently asks for:
- The most recent audited financial accounts of the company.
- Detailed description of the activities of the company.
- Whether the company maintains a license by any competent authority to provide financial services and/or to engage in investment activities. If your answer is yes, please provide us with the contact details of that authority.
- If the company has a website on the internet, please send us the relevant link.
Those in need of assistance to file their claim, get their case reinspected or who need assistance with the recovery of their funds that exceed the insured amount or have an account in Tanzania, can complete the contact form below.
Let us know by completing the form below how we can help you with the recovery of your funds from FBME Bank. Join over 1.300 customers who already appointed us. A substantial number of these customers have already received their payment via either the bank check recovery scheme that was active until December 2015 and the DGS.