MFSA warning: Scam Letters

It was brought to the attention of the Malta Financial Services Authority (“MFSA” or “the Authority”) that an individual residing overseas received a letter making unauthorised use of a seal belonging to the MFSA together with the logo of the Central Bank of Malta. This letter appears to be making requests for payment of fines relating to money being held in the sender’s account. Further to such request, the recipient has been provided with a Bitcoin account to which the mentioned fines are to be transferred.

The MFSA wishes to inform the public, in Malta and abroad, that the letter was NOT sent by the Authority and likely relates to a scheme of dubious nature with a high risk of loss of money.

The MFSA strongly advises the public that prior to entering into financial services transactions offered by unsought communication one should be extra cautious and verify that the individual and/or entity with whom the transaction is being made is duly authorised to provide such services by the MFSA or another financial services regulatory authority as applicable.

For more information on scams 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 any other type of financial scam or think you might be dealing with an unauthorised entity, first of all stop all transactions with the company and contact the Authority at https://www.mfsa.mt/about-us/contact/ as soon as a suspicion arises.