Last Updated on Friday, 9 August, 2024 at 1:36 pm by Andre Camilleri
Moneybase.bond – Clone
The Malta Financial Services Authority (MFSA) has become aware of an entity by the name of Moneybase.bond which has an internet presence at https://moneybase.bond/. This entity is using the details of an MFSA licensed company Moneybase Limited. Fraudsters are using the details of this genuine company in an effort to deceive the public.
MFSA would like to inform the public that Moneybase.bond is not a Maltese registered company nor is it authorised to provide any financial services in or from Malta. Additionally, Moneybase.bond has no association with Moneybase Limited.
Moneybase.bond therefore appears to be a clone of the legitimate entity and the public should therefore refrain from entering into any transactions or otherwise dealing with the false entity on any matters falling within the parameters of the Financial Institutions Act, Chapter 376 of the Laws of Malta.
ASP Bank: Unlicensed entity
The Malta Financial Services Authority has become aware of an entity operating under the name of ASP Bank which has an internet presence at https://aspbank.net. Although this entity purports to operate in Malta, the MFSA believes that this is not the case. From information available to the MFSA, ASP Bank claims to be a credit institution.
The MFSA wishes to alert the public that ASP Bank is neither a Maltese registered Company nor licensed or otherwise authorised by the MFSA to provide any banking services or other financial services which are required to be licensed or otherwise authorised under Maltese law. Furthermore, information available to the MFSA suggests that ASP Bank is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from entering into any transactions or otherwise dealing with the above-mentioned company or individual on any matters falling within the parameters of the Banking Act, Chapter 371 of the Laws of Malta.
The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.
A list of entities licensed by the MFSA can be viewed on the official website of the MFSA at https://www.mfsa.mt/financial-services-register/. For more information on financial scams please refer to the MFSA scam awareness document to keep yourself informed on red flags which help consumers of financial services to identify such financial scams.
If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.
