Website alert: https://www.bancobursatil.com

The Hong Kong Monetary Authority (HKMA) wants to caution the general public in Hong Kong about a particular firm mentioned on the aforementioned website. It is important to note that this firm does not possess the necessary authorization from the HKMA under the Banking Ordinance to engage in banking activities or accept deposits within Hong Kong. Additionally, the firm has not obtained approval from the HKMA to establish a local representative office in Hong Kong under the same Ordinance. Considering the borderless nature of the Internet, individuals are advised to verify the legal standing of any organization that employs online platforms to offer bank accounts or solicit deposits from the public in Hong Kong. It is recommended to conduct this verification process before transferring any funds or sharing personal information with such organizations. To ascertain the authorized status of institutions, a list of authorized institutions can be found on the HKMA’s official website (www.hkma.gov.hk). Furthermore, individuals can inquire about the legitimacy of any entity that appears to be soliciting deposits or claiming to be a bank or deposit-taking company in Hong Kong by contacting the HKMA’s public enquiry service via email at publicenquiry@hkma.gov.hk. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/04/20240424-3/