New Zealand FMA warns against Ideal Services Direct Contact

bscs warning

The Financial Markets Authority (FMA) has recently added few more companies to its list of unregulated firms. The newest additions are Skyway Capital/Skyway Group and MBI International/MFC Club.

Skyway Capital/Skyway Group

Trading name: Skyway Capital
Associated entities: SkyWay Investment Group, RSW Investment Group Ltd
Address: 10 Great Russell Street, London, United Kingdom WC18 3BQ.
Phone: +7(495)419 04 56

Reason for warning:

The regulator pointed out that Skyway Capital and its associates are offering financial services to New Zealand residents via social media and via other New Zealand residents. Skyway Capital, the Skyway Group, SkyWay Investment Group, and RSW Investment Group Ltd are not registered as a financial service provider in New Zealand and is therefore not permitted to provide financial services to New Zealand residents.

FMA also noted recent warning by the regulators in Belgium, Lithuania and Estonia in relation to Skyway Capital and The Skyway group. It is noted on the warnings that Skyway Capital and The Skyway Group could be involved in a scam and are an unlicensed entity in those jurisdictions.

MBI International/MFC Club

Trading name: MBI International, MFC Club

Reason for warning:

The FMA is concerned that a Malaysian based loyalty scheme, MBI International also trading as MFC Club (MFC Club) is being promoted in New Zealand. We have received reports that MFC Club is being actively promoted within the Chinese speaking community in Auckland.

The regulator has also noted that Bank Negara Malaysia (BNM) has included MBI International Sdn Bhd and M Face International Sdn Bdn on its Financial Consumer Alert list, which consists of companies and websites that are neither authorised or approved under the relevant laws and regulations administered by BNM.

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