The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of Nova-Finance which has an internet presence at https://nova-finance.cc/. This website is cloning the website/s of MFSA licence holders forming part of the Calamatta Cuschieri Group. The website also states that Nova-Finance is “a recognised fund administrator by the Malta Financial Services Authority” and that it is “part of the Calamatta Cuschieri Group”.
The Authority would like to inform the public that Nova-Finance is NOT a Maltese registered company NOR is it authorised to provide any financial services in or from Malta. Additionally, Nova-Finance has NO association with Calamatta Cuschieri Investment Services Limited and/or CC Funds SICAV plc and/or CC Fund Services (Malta) Limited and/or Calamatta Cuschieri Investment Management Limited in any way.
The website also purports that the entity is “licensed by the Commission de Surveillance du Secteur Financier (CSSF)” and that it is “a member of the Malta Asset Servicing Association (MASA)”. However, when searching on the CSSF and MASA websites, no record of the reported entity was found.
A warning on Nova-Finance has already been published by Calamatta Cuschieri Group themselves. This warning can be found on https://cc.com.mt/blog/company-news/warning-to-clients-in-relation-to-a-fake-website-and-cloning-of-calamatta-cuschieri-cc-website-s/
The website https://nova-finance.cc/ therefore appears to be a clone of the website/s of the legitimate entities. The public should therefore refrain from undertaking any business or transactions with the false entity.
|Maltese Registered Entity||Clone|
|Calamatta Cuschieri Investment Services Limited
CC Funds SICAV plc
CC Fund Services (Malta) Limited
Calamatta Cuschieri Investment Management Limited
|Ewropa Business Centre
Triq Dun Karm
Birkirkara BKR 9034 Malta
|Licensed by the MFSA||Unlicensed
The MFSA would like to remind 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 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 Authority at https://www.mfsa.mt/financial-services-register/.
For more information on clone companies please refer to the Scam Detection Guidelines issued by the MFSA at https://www.mfsa.mt/consumers/scams-warnings/typical-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.