History of Violations and Irregular Activities of JP MultiBank Group
- August 7, 2025: The Australian Securities and Investments Commission (ASIC) issued a warning against JP MultiBank Group, suspecting that the company may be offering financial services or products without proper authorization. Source: ASIC Investor Alert
- August 13, 2025: According to BrokersView, JP MultiBank Group is an unregulated broker. Its website shows common signs of fraudulent templates and has been flagged multiple times before.
- The company claims on its website to be headquartered in Australia, with some subsidiaries regulated by ASIC.
- In reality, ASIC has directly issued a warning against JP MultiBank Group, believing it may be operating illegally.
In essence, JP MultiBank Group is not regulated by any authority. Entrusting funds to this company carries significant risks, as there are no legal protections for investors’ money. Multiple indicators suggest that JP MultiBank Group is likely a scam operation.
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