Investment fraudsters checked: The MNB launched a new market supervision website

The Hungarian National Bank (MNB) has launched a new website to combat investment fraud, providing a platform for users to verify the legitimacy of financial services. The site highlights common characteristics of fraudulent activities, such as unrealistic return promises and lack of local licenses. Users can report suspicious providers anonymously and check if companies have the necessary regulatory approvals. The MNB's updated page aims to be an informative resource for investors, featuring a list of nearly 200 entities operating without proper authorization. Additionally, it includes information from foreign regulatory bodies about unauthorized service providers.