The Polish Financial Supervision Authority adds MaxtelFX Bank and Tenset to the list of warnings

On 12 July 2022. Polish Financial Supervision Authority She added three new entities to the list of warnings, which are very likely to be a typical forex scam aimed at extorting funds from unaware investors. These are: MaxtelFx Bank, Tenset Ltd based in London and Tenset SHPK based in Tirana. We warn you against using the services of these "brokers". Details below.

watch out for MaxtelFX Bank and Tenset

The first of the entities, MaxtelFX Bank, was entered on the list of warnings due to the notification under Art. 171 sec. 2 Banking Law. The reason is the use of the word "bank" in the name, without having the appropriate permits. It is doubtful, however, that in this case this would be the end of the infringements by this entity. The notification is sent by the KNF Office and the case is handled by the District Prosecutor's Office in Warsaw.

The next two entities, i.e. Tenset Ltd and Tenset SHPK, were entered on the "black list" due to the notification of suspicion of committing a crime under Art. 287 of the Act on Investment Funds and Management of Alternative Investment Funds. The proceedings were initiated by the KNF Office and the case is being conducted by the District Prosecutor's Office in Warsaw.

We warn against using the services of unlicensed companies. Before opening an account, always make sure it is correct the broker has the appropriate regulations and permits at the indicated financial market supervisory institution.