The Malta Financial Services Authority (MFSA) has issued a warning that an entity by the name of Federal Inter plc pretending to be regulated is a clone. The clone’s website is using the credentials of MFSA-licensed credit institution Ferratum Bank plc to deceive the public. MFSA informed the public that Federal Inter is NOT a Maltese registered company NOR is it authorized to provide any financial services in or from Malta. The scam is attacking consumers in eight languages including English, French, Spanish, German, Italian, or Swedish.
Moreover, the Maltese regulator made clear that the website www.federalinter-groupe.com has NO association with Ferratum Bank plc and, therefore, appears to be a clone of the website of the legitimate MFSA-regulated entity and the public should therefore refrain from undertaking any business or transactions with the false entity.
Key Data
| Trading name | Federal Inter plc |
| Domain | https://www.federalinter-groupe.com |
| Clone of | Ferratum Bank plc |
| Jurisdiction | Malta |
| Warning | MFSA |
Scam narrative
The Federal Inter clone is implemented miserably and only aims to steal potential customers’ data. After registration, one is urged to upload a copy of ID cards and utility bills to open a bank account. They want your data in the first place; it allows the scammers to work with, abuse, or sell this data. In many cases, scammers use stolen client data to register on crypto platforms or as customers with payment processors. Stay far away and protect yourself from the loss and misuse of your data. Save yourself a lot of trouble, frustration, and financial losses.
Share Data
If you have any information about the operators and backers of the Federal Inter scam, please let us know via our whistleblower system, Whistle42.
