New Zealand's FMA Warns Against Business Choice Partners Group Limited

New Zealand Financial Markets Authority recently issued a warning against Business Choice Partners Group Limited.

The New Zealand regulator has advised people to operate with caution when dealing with the foreign exchange dealers due to concerns they may be involved or operating a scam.

The regulator reported the following details of the company:

Business Choice Partners Group Limited

Associated Entities: Sing United Trading Co., Ltd and BCP Trading Co., Ltd, Knight Service Group Limited

Websites: https://www.bcpgltdmarkets.com/ and http://www.bcpgltd.com/

Address: Unit G25 Waterfront Studios, 1 Dock Road, United Kingdom E16 1A, London

Emails: bcpgltdmarkets@gmail.com, support@bcpgltd.com

Phone: +85251032979, +85262161244, +85292597057, +85294682615

The New zealand watchdog warned that the company and its websites may be operating a scam. The two websites claim to be operated by BCP Group Limited, an incorporated company and registered financial service provider in New Zealand. However, BCP Group Limited is not associated with the websites.

In addition, the suspicious entity claims to be recognized by the‘national financial regulatory commission of Australia and New Zealand’. There are no such regulatory bodies.

Details of the bank account used by Business Choice Partners Group Limited are as follows:

Account Name: Xiong Yin Qiong

Account Number: BKCHHKHH 012-593-009-223-5

Bank Name: Bank of China (Hong Kong)

Account Name: Cq Yeyou Trading Co Ltd

Bank Name: The Currency Cloud Limited

Account Name: ePaylinks Technology CO Limited

Bank Name: Bank of China (Hong Kong)

Account Name: Liem Nguyen

Bank Name: WIRECARD BANK AG EINSTEINRING (Germany)

Account Name: Thanh tuan vo

Bank Name: WIRECARD BANK AG EINSTEINRING (Germany)

Account Name: Li Yuandong

Bank Name: Chong Hing Bank Centre (Hong Kong)

Account Name: JLTT Trading Pte Ltd

Bank Name: UOB Overseas Bank Limited (Singapore)

Account Name: Lu Shijun

Account Number: LT193120023810000744

Bank Name: UAB Paytend Europe (Lithuania)

Account Name: JLTT Trading Pte Ltd

Bank Name: UOB Overseas Bank Limited (Singapore)

Account Name: Li Yuandong

Account Number: 256801756776

Bank Name: Chong Hing Bank Limited (Hong Kong)

FMA strongly advises the public to only deal with financial firms that are authorized, and to exercise caution when dealing with suspicious entities.