The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of a number of social media profiles offering loan facilities without being duly licensed or authorised to do.

The MFSA strongly advises consumers or potential consumers of financial services to exercise caution and be vigilant when seeking to make use of such facilities or when being approached with offers of financial services via unconventional channels such as telephone calls or social media.

Consumers of financial services are also reminded not to enter into any financial services transactions unless they have ascertained that the individual/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 https://www.mfsa.mt/financial-services-register/. For more information on financial scams please refer to the MFSA scam awareness document to keep yourself informed on red flags which help consumers of financial services to identify such financial scams.

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.