MFSA warning against unauthorised firm
The Malta Financial Services Authority (MFSA) has issued a warning against FOREX MMCIS Group warning the public, in Malta and abroad, 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.
Accordingly, the MFSA warns the public to exercise extreme caution when dealing with this entity.
The MFSA also reminds 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.
A list of entities licensed by the MFSA is available from the Malta Financial Services Authority, and can be viewed on the MFSA website.
Source: mfsa- MFSA warning against unauthorised firm
