The FMA found that Marketing Giant is not a registered financial service provider in New Zealand.
The FMA advises caution when dealing with Intrgroups/Intragroup. The FCA in the UK and the Financial Services and Markets Authority in Belgium have also issued warnings about Intrgroups.
The regulator provided details of the bank account used by the entity:
Account Number: PL37 1160 2202 0000 0004 5378 4277
Bank Name: Bank Millennium S.A. (Poland)
The Authority is also warning about FMA impersonation in an operation of a scam relating to money remittance services.
The victim had tried to transfer a significant amount of money from China to New Zealand but were told by the person, they engaged to arrange the transfer, that their money had been “frozen” by the FMA due to money laundering concerns. They were then contacted by two people claiming to be from the FMA and instructed the victim to make additional payments to release the original funds.
The FMA advises that it does not undertake the activities described above and would never ask inidividuals or entities for money in relation to such activities or transactions. Specifically, the FMA would not freeze money being transferred into New Zealand, and would not request any person to make additional payments to release the original funds.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.