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28th May, 2019

MNB cracks down on financial firm

The MNB has banned UK-based financial service provider Goldsten from collecting deposits or other repayable financial assets without a licence with immediate effect and has filed a criminal report against the company.

The company promised its clients unrealistically high yields and a guaranteed return, but did not have an operating license.

The MNB issued a warning about Goldsten earlier, urging investors to always check whether a financial company is registered at the MNB and has the necessary permits to conduct its activities.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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