The Malta Financial Services Authority (“MFSA”) has become aware of an entity operating under the name of Terabanq which is known to have an internet presence at https://tera-groupe.com/index.php/. Although this entity purports to operate from an address in Malta, the MFSA believes that this is not the case. From information available to the MFSA, Terabanq claims to be a regulated banking service provider.
The MFSA wishes to alert the public, in Malta and abroad, that Terabanq is NOT a Maltese registered Company NOR licenced or otherwise authorised by the MFSA to provide any banking services or other financial services which are required to be licenced or otherwise authorised under Maltese law. Furthermore, information available to the MFSA suggests that https://tera-groupe.com/index.php is likely to be a scheme of dubious nature with a high risk of loss of money. The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity.
The MFSA strongly advises investors and consumers of financial services that prior to making any investment or entering into any financial services transaction they should ascertain that the entity with whom the investment or transaction is being made is authorised to provide such services by the MFSA or another financial services regulatory authority as applicable.
A list of entities authorised by the MFSA is available from the MFSA and can be viewed on the official website of the MFSA at http://www.mfsa.com.mt/pages/licenceholders.aspx.