Swift Remita has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Regist...". The FMA has been made aware of a fake e-banking platform - Swift Remita. This platform offers term deposits, loans and money transfer services. However, it is operating an investment scam intended to defraud investors.
An investor has reported that they were unable to withdraw the funds they de... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I invested $25,000 with Swift Remita after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.
Cons: Blocked my account|No legitimate license|Fake returns
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Swift Remita is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
I was about to invest with Swift Remita but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
For anyone considering Swift Remita, please be aware that this company has been flagged by Financial Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Appears in regulatory warnings database|Uncertain regulatory status