Waterford moneylender classified as 'fraudulent' by Central Bank

Operating without the necessary permission, The Central Bank said the scam is an example of "advance fee fraud."

The bank has issued several warnings concerning scammers who are increasingly using legitimate firm's details to add validity to their own operations

The Central Bank of Ireland has issued a warning notice for a Waterford retail credit firm, which it says has been operating "in the absence of  appropriate authorisation."

It warned that Walsh Money, with contact information including an address in Waterford, holds no authorisation as a moneylender despite offering loans in exchange for advanced fees.