MFSA Notice – Fraudulent Scheme
APRIL 02, 2024

The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of a fraudulent scheme whereby a non-existent banking institution which claims to be the MFSA’s executive bank, provides private individuals with a fictitious MFSA document purporting to be fines issued by the MFSA against these potential victims.

The Authority wishes to alert the public against such fraudulent schemes which are being used as a way of obtaining funds from potential victims by purporting to be collecting fines on behalf of the MFSA.

The MFSA hereby advises the general public to exercise caution and not to enter into any financial transaction unless it is 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.

A list of entities licensed by the MFSA can be viewed on the official website of the MFSA at

If you are a victim of a scam or think you might be dealing with an unauthorized entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at as soon as a suspicion arises.