Tag: Ferratum Bank

Ferratum Bank Appeals Malta’s FIAU Fine

Compliance Mark Lagarde - September 7, 2022

Malta-registered and MFSA-regulated Ferratum Bank was fined by the controversial regulator Financial Intelligence Analysis Unit (FIAU). The bank's parent company Multitude SE has considered the FIAU’s penalty decision following a compliance examination on its subsidiary Ferratum Bank. The examination was carried out on Ferratum Bank between December 2018 and May 2019, resulting in an administrative penalty of €653,637. The fine was issued in August 2022, hence almost more than three years after the visit!

Alert! Federalinter Acting As Online Banking Clone Of MFSA-Regulated Ferratum Bank!

Investment Schemes tamir - May 17, 2022

The MFSA has issued a warning that an entity by the name of Federal Inter plc pretending to be regulated is a clone. The clone's website is using the credentials of MFSA-licensed credit institution Ferratum Bank plc to deceive the public. MFSA informed the public that Federal Inter is NOT a Maltese registered company NOR is it authorized to provide any financial services in or from Malta. The scam is attacking consumers in eight languages including English, French, Spanish, German, Italian, or Swedish.

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