The Malta Financial Services Authority (MFSA) has issued a warning against LionsRing Trading Limited, with an internet presence here, informing the public that it has not been licensed or authorised by the regulator to carry out investment or financial services.
In the case of Draconis Investment Limited, with an internet presence here, the regulator warned of the following claim being made by the entity where it describes itself as “an Award winning forex Automated trader” and “The world's latest blockchain-powered online business platform”, “providing trading services and financial support for both retail and institutional clients”.
Treos Ltd and Treos Malta Ltd, which have an internet presence at https://treos.io/ but are currently offline, claim to be “a new global ecosystem based in Malta that facilitates easy transactions with deceentralised money. It connects an online marketplace, a financial institution, networks for eCommerce websites, point-of-sale devices, ATMs and remittance kiosks,” and it also claims to operate “…in accordance with the recent MFSA regulations”.
The MFSA alerted the public, both in Malta and abroad, that neither Draconis Investment Limited not Treos Ltd/ Treos Malta Ltd are licensed by the regulator to provide any services related to an exchange or any financial services.
Entities wishing to provide such services are required to be licensed or authorised by the MFSA or another reputable regulator from other jurisdictions.
“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.
“Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.”
A list of entities licensed by the MFSA can be viewed on the official website of the regulator here.
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.