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3S Money (Luxembourg)
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Caution Investors Cloning of 3S Money (Luxembourg) S.A. – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Cloning of Money (Luxembourg) S.A.?
3S Money (Luxembourg) S.A. is an electronic money institution that offers cross-border payments and banking services to businesses. However, the company has recently been the victim of identity theft and fraudulent activities by unknown persons who misuse its name and contact details. In this blog post, we will review the company and its products, as well as provide some tips on how to avoid falling prey to scammers.
Who are they?
3S Money (Luxembourg) S.A. is a subsidiary of 3S Money Group, a UK-based fintech company that operates in several European countries. The company was founded in 2016 and has since grown to serve over 1,000 clients across various industries, such as e-commerce, gaming, travel, and education. The company’s mission is to provide fast, secure, and transparent cross-border payments and banking solutions to businesses that need to operate globally.
Regulation and Compliance
3S Money (Luxembourg) S.A. is authorized and regulated by the Commission de Surveillance du Secteur Financier (CSSF), the financial regulator of Luxembourg. The company holds a license as an electronic money institution, which allows it to issue electronic money and provide payment services within the European Economic Area (EEA). The company is also subject to the anti-money laundering (AML) and counter-terrorism financing (CTF) regulations of Luxembourg and the EEA.
However, on September 30th, 2021, the CSSF issued a warning concerning fraudulent activities by persons misusing the name of 3S Money (Luxembourg) S.A. According to the warning, unknown persons have been contacting potential customers by email or phone, pretending to be representatives of the company, and offering them investment opportunities or loans. The scammers have also created a fake website and email address using the domain name 3smoney.info, which is not related to the company.
The CSSF advises the public to be vigilant and not to respond to any solicitations from these persons. The official contact details of 3S Money (Luxembourg) S.A. are:
Company name: 3S Money (Luxembourg) S.A.
Email address: [email protected]
Phone number: +352 28 48 78 20
Registered office: 2-4 rue Eugène Ruppert, L-2453 Luxembourg
The customer reviews of 3S Money (Luxembourg) S.A. are mostly positive, with many clients praising the company’s professionalism, efficiency, and customer service. The company has a rating of 4.8 out of 5 stars on Trustpilot, based on 117 reviews. Some of the testimonials include:
“Excellent service, fast and reliable. I highly recommend 3S Money for any cross-border payments needs.” – Daniel
“3S Money is a great partner for our business. They provide us with a dedicated account manager who is always available and helpful. They also offer competitive rates and fees for our international transactions.” – Anna
“Very happy with 3S Money. They have helped us expand our business in Europe and beyond. They are easy to use, secure, and transparent.” – Michael
Products and Services
3S Money (Luxembourg) S.A. offers a range of products and services for businesses that need to make or receive cross-border payments. These include:
– Multi-currency accounts: The company provides businesses with local IBAN accounts in over 30 currencies, enabling them to send and receive payments in their preferred currency without conversion fees or delays.
– FX services: The company offers businesses access to competitive exchange rates and low fees for currency conversions. Businesses can also lock in a rate for future payments or hedge against currency fluctuations with forward contracts.
– Payment gateway: The company enables businesses to accept online payments from customers worldwide via credit cards, debit cards, or alternative payment methods. The company supports over 150 payment methods and provides fraud prevention and compliance tools.
– Banking platform: The company provides businesses with a user-friendly online platform where they can manage their accounts, transactions, invoices, beneficiaries, and reports. The platform also integrates with popular accounting software and ERP systems.
3S Money (Luxembourg) S.A. is headquartered in Luxembourg City, the capital of Luxembourg. The company also has offices in London, Amsterdam, Vilnius, Riga, Dubai, Singapore, Hong Kong, and Shanghai.
3S Money (Luxembourg) S.A. prides itself on its customer service quality and responsiveness. The company assigns each client a dedicated account manager who can assist them with any queries or issues they may have. The company also has a support team that can be reached by email or phone during business hours.
3S Money (Luxembourg) S.A. is a reputable electronic money institution that offers cross-border payments and banking solutions to businesses. The company is regulated by the CSSF and has a high customer satisfaction rating. However, the company has also been targeted by scammers who impersonate its name and contact details. Therefore, potential customers should be careful and verify the identity of the company before engaging in any transactions.