Beware of Jibi BANK Plc – MFSA

The Malta Financial Services Authority issued a warning about an entity called Jibi BANK Plc who is not registered to operate in Malta.

In a press release, MFSA said that it has become aware of the entity which has an internet presence at as well as says that it is a Maltese Jibi. The entity also claims to have its registered address at Tagliaferro Business Centre, Level 6, 14 High Street, Sliema.

The Authority informed the public that Jibi BANK Plc is nota Maltese registered company noris it authorised to provide any financial services, including Banking services, in or from Malta. “Although the website states that the entity holds a company number, the MFSA would like to emphasise that this company number belongs to another entity, and notto the entity mentioned in this notice.”

The MFSA alerted the public, in Malta and abroad, to refrain from undertaking any business or transactions with the above-mentioned entity.

The MFSA also reminded 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 is available from the MFSA and can be viewed online from here.