The warning was first published on 28 May 2020.
REASON FOR WARNING:
We are concerned that Metalwise (formerly MetalsWise) a precious metals and commodities trader purporting to operate from the United Kingdom, and its associated website www.metalswise.com may be operating a scam.
We published a warning about MetalsWise on 17 April 2020 as an unregistered business. Since the warning was published, the business has rebranded to the name MetalWise.
The Financial Conduct Authority (FCA) in the United Kingdom advises that MetalsWise is not authorised by the FCA. Potential victims are being instructed to pay money to a bank account in Spain.
MetalWise is currently advertising on NZ radio. MetalWise is not registered and/or licensed to offer financial services to New Zealand residents and we recommend exercising caution.
The website is not associated with the NZ registered company Metalwise NZ Limited or the UK registered company MetalWise Southwest Limited. Those companies are involved in unrelated businesses.
Details of the bank account used by MetalsWise are as follows:
Beneficiary: MIDATLANTIC HOLDINGS, S.L.
Address: AVENIDA JAINE lll, 11, ENTLO.3 07012 PALMA DE MALLORCA, SPAIN
Bank: Deutsche Bank S.A. ESPANOLA
Bank Address: PASO DE LA CASTELLANA, 18, 20746 MADRID, SPAIN
Bank Telephone: +34 93 586 6901
IBAN #: ES49 0019 0160 1940 1003 1013
SWIFT CODE: DBSCESMMXXX
Reason for Wire: 601029