FCA Warns Public Against Unauthorized Firm MPay Global

The Financial Conduct Authority (FCA) in the United Kingdom has issued a formal warning against MPay Global, alerting consumers that the firm is providing or promoting financial services without official authorization. According to the UK regulator, almost all firms and individuals must be registered or authorized by the FCA to conduct or promote financial services within the UK. MPay Global does not hold the required regulatory permissions and may be targeting UK residents. Entity Details Flagged by the Regulator: - Name: MPay Global - Website: https://mpaybanking.com/ - Email: [email protected] - Listed Address: 1 Canada Square, Canary Wharf, London, UNITED KINGDOM, E14 5AB The FCA highlights that unauthorized entities often use false contact information, including postal addresses and email accounts, or change their details over time. Some firms also misappropriate details belonging to legitimate, regulated businesses to create a false impression of credibility. Risks for Consumers Engaging with unauthorized entities exposes consumers to severe financial risks. Clients dealing with MPay Global will not have access to the UK Financial Ombudsman Service if a dispute arises, nor will they be covered by the Financial Services Compensation Scheme (FSCS) should the firm cease operations or misappropriate funds. How to Stay Protected The FCA advises the public to deal exclusively with regulated financial firms. Consumers should verify a company's regulatory standing on the official FCA Firm Checker before sending any funds or disclosing sensitive financial details. If approached unexpectedly by any financial provider, always use the verified contact information available on the official regulatory register. Suspected unauthorized firms operating in the UK can be reported directly to the FCA.