ACE International Limited is not a registered bank under the Banking (Prudential Supervision) Act 1989, nor is it prudentially supervised by the Reserve Bank of New Zealand or any other New Zealand authority.
Use of restricted words such as 'bank' and ‘banking’ in advertisements by entities like ACE International Limited is prohibited unless the advertisement contains a statement confirming that an entity is not a registered bank. The required statement is not on ACE International Limited’s website as at the date of this notice.
The Financial Markets Authority has published a public notice about ACE International Limited being an unregistered financial services provider. Caution is recommended when dealing with ACE International Limited or its website.