Fraudulent Behaviour linked to COVID-19 Situation

Tista' taqra bil- Malti.

The MFSA has notified its licence holders and the general public to possible fraudulent schemes or financial scams which may try to take advantage of COVID-19 outbreak to target entities and individuals with the aim of misappropriating funds and/or obtaining sensitive personal information.

In a press statement the MFSA said that such fraudulent schemes or financial scams may include advice in relation to investments in developing cures, requests for donations, medical and health insurance policies in relation to coronavirus, offers for sale of supplies, use of fake, phishing websites and or emails with malicious content.

The MFSA has 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 other reputable financial services regulator.

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