MFSA issues warning on Ashoka Financial Services

An entity operating under the name of Ashoka Financial Services which is known to have an internet presence at ashoka-financial-services.com, is not a company registered in Malta or licensed to provide financial services in Malta.

The Malta Financial Services Authority said Ashoka entity was purporting to be an international investment company with headquarters in Valletta, Malta, and claiming to offer financial services of various types including investment products and financing for companies in Europe.

"The MFSA wishes to alert the public, in Malta and abroad, that the above mentioned is not a company registered in Malta NOR is it an entity licenced by the MFSA to provide any type of financial service. Accordingly, the MFSA warns the public against dealing with this entity," the regulator said.

Consumers of financial services should not enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made holds a licence to provide such services from the MFSA or another reputable financial services regulator.

A list of entities licensed by the MFSA is available from the Malta Financial Services Authority, and can be viewed on the MFSA website at www.mfsa.com.mt