MFSA issues warning over unlicenced financial services company

The Malta Financial Services Authority (MFSA) today alerted the public that Forex MMCIS Group “is not licensed nor awaiting to be licenced by the Malta Financial Services Authority to provide any type of financial service including foreign exchange service.”

The regulator has recently become aware of the company’s internet presence at https://forex-mmcis.com/ and accordingly, the MFSA warned the public to exercise extreme caution when dealing with this entity.

“The MFSA would like to remind investors and 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 holds a licence to provide such services from the MFSA or another reputable financial services regulator,” the statement said.

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.