The Malta Financial Services Authority has become aware that an
unregistered financial service provider operating under the name
Wire Prepay is claiming to be licensed to offer services including
prepaid cards, credit and debit cards, payment processing and money
transfer services.
This company is not registered, licensed or regulated in Malta
by the MFSA and therefore is not allowed to operate and offer any
type of financial service. It is important to know that no monetary
transactions should ever be carried out with organisations which
are not registered and regulated either by the MFSA or another
recognised regulating body.
Another important thing that should be taken into account in
order to avoid running unnecessary risks is knowing which financial
services any financial services provider is licensed to offer by
its regulator. This will ensure that one's transactions are
being carried out by accredited professionals in the field.
