The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the name of KREDIT GROUP FINANCE. The entity is promoting the provision of loan services via advertisements on various internet webpages. The entity is also contacting prospective clients via mass emails in which they state “Għandek bżonn self biex tikklerja d-djun tiegħek, tħallas il-kontijiet tiegħek jew twaqqaf proġett … Il-kapaċità tas-self tagħna hija minn 5,000 € sa 50,000,000 € b’rata raġonevoli ta’ 1.25% … Fi sħubija ma’ sħab bankarji madwar l-Unjoni Ewropea, l-offerti ta’ kreditu tagħna huma pprovduti permezz ta’ trasferiment bankarju għas-sigurtà tat-tranżazzjoni lil kwalunkwe persuna“.
While the contents of the email may vary, recipients are provided with the following contact details: email address firstname.lastname@example.org and Whatsapp number +33 755931315 for further business enquiries.
The MFSA wishes to alert the public, in Malta and abroad, that KREDIT GROUP FINANCE is NOT 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 KREDIT GROUP FINANCE is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.
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 http://www.mfsa.com.mt/pages/licenceholders.aspx.
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.