New Zealand’s FMA Warns Against King-Banner

New Zealand Financial Markets Authority today issued a warning against King-Banner.

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

The regulator reported the following details of the company:

TITLE: King-Banner
WEBSITE: https://king-banner.com/
TELEPHONE: +442080681446, +442080681447
EMAIL: support@king-banner.com
ADDRESS: Oslo Business Park, 5 Haakon VIIs gate, Oslo, Norway

​The New Zealand watchdog warned that it received a report from a New Zealand resident who purchased bitcoin through an Estonian licensed firm and stored it in an investment wallet operated by King-Banner. 

However, Coindeck, the Estonian entity where the bitcoin was purchased from, have advised they are not associated with King-Banner and are not aware of any customers being referred to their website from King-Banner.

The FMA further added that King-Banner is not incorporated company or registered financial service provider in New Zealand. They are therefore not permitted to provide financial services/products to New Zealand residents.