The MFSA draws the attention of 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. 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 COVID-19, offers for
sale of supplies, use of fake/phishing websites and/or emails with
malicious content.
The MFSA reminds 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 can be viewed on the official website of the MFSA at https
