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Caution Investors Cloning of Banking Circle S.A. – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
If you are looking for a reliable and trustworthy bank, you might have come across Banking Circle S.A., a Luxembourg-based bank that offers online banking solutions for businesses and individuals. However, you should also be aware of the fraudulent activities that some persons are conducting by misusing the name of this bank. In this blog post, we will review Banking Circle S.A. and its products and services, as well as the warning issued by the Commission de Surveillance du Secteur Financier (CSSF) about the identity theft and illicit activities of these scammers.
Regulation and Compliance: CSSF Issues Warning
According to the official website of the CSSF, the financial regulator of Luxembourg, there have been reports of unknown persons contacting potential investors without solicitation, pretending to be mortgage credit intermediaries, and offering mortgage credits. These persons send mortgage credit agreements that misuse the name “Banking Circle”. The CSSF warns that these persons are not authorized to provide banking or financial services in or from Luxembourg and that they have no connection with the bank Banking Circle S.A. The CSSF advises the public not to respond to these solicitations and to report any suspicious contact to the CSSF or the police.
Banking Circle S.A. has a positive reputation among its customers, who appreciate its fast and flexible online banking solutions, its competitive fees and rates, and its customer service. On Trustpilot, the bank has a rating of 4.5 out of 5 stars, based on 67 reviews. Most of the reviews praise the bank for its professionalism, transparency, security, and innovation. Some of the negative reviews mention technical issues, delays, or lack of communication.
Products and Services
Banking Circle S.A. offers a range of products and services for businesses and individuals who need online banking solutions. Some of these include:
– Banking Circle Accounts: These are multi-currency accounts that allow customers to make and receive payments in different currencies, with low fees and fast processing times.
– Banking Circle Lending: These are loans for businesses that need working capital or financing for growth, with flexible terms and competitive interest rates.
– Banking Circle Payments: These are payment solutions for merchants and payment service providers that enable them to accept online payments from customers around the world, with low costs and high conversion rates.
– Banking Circle Card Solutions: These are card solutions for businesses that want to issue their own branded cards to their customers or employees, with customizable features and benefits.
Banking Circle S.A. is headquartered in Luxembourg, a country that is known for its stable economy, strong financial sector, and high regulatory standards. The bank also has offices in Denmark, Germany, the UK, and the US.
Banking Circle S.A. provides customer service through various channels, such as phone, email, chat, and social media. The bank claims to have a dedicated team of experts who can assist customers with any questions or issues they might have. The bank also provides online resources, such as FAQs, guides, webinars, and blogs, to help customers understand its products and services better.
Banking Circle S.A. is a reputable online bank that offers a variety of products and services for businesses and individuals who need online banking solutions. The bank is regulated by the CSSF in Luxembourg and has positive customer feedback. However, customers should also be aware of the fraudulent activities that some persons are conducting by misusing the name of this bank and offering fake mortgage credits. Customers should not respond to these solicitations and report any suspicious contact to the authorities.