Mbbs Mybestbuysavings Ltd t/a Mybestbuysavings - Central Bank of Ireland Issues Warning on Unauthorised Firm
Why this matters
The Central Bank of Ireland has issued a formal warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 identifying Mbbs Mybestbuysavings Ltd as an unauthorised investment firm. The firm claims to offer investment services from a Cyprus address but holds no authorisation in Ireland. This is a standard enforcement action against an unauthorised operator, designed to protect consumers from a specific fraudulent entity rather than establish new regulatory obligations or precedent affecting multiple firms. Urgency is set to 'high' because it is a formal warning with a specific date and enforcement action, warranting immediate consumer awareness, though significance is low as it addresses a single unauthorised clone firm.
AI-generated classification rationale, not a full analysis. Verify with the original CBI source before acting. Full disclaimer.
What the CBI said
Warning: Unauthorised Investment Firm / Investment Business Firm Unauthorised Firm Name Mbbs Mybestbuysavings Ltd t/a Mybestbuysavings Website https://www.mybestbuysavings.com/ Address Nikis 1, Anthoupoli, Nicosia, 2350, Cyprus Email address used info@mybestbuysavings.com Phone number used +44 (0) 1243 767 664…
Extract from CBI . Read the full notice at the source for the authoritative text.
Context
Central Bank of Ireland (CBI) — Ireland's central bank and financial services regulator. We track 287 updates from them.
Ireland's Central Bank regulates funds and banking sectors. Browse all Ireland updates.
This update is classified under Authorisation & Licensing and Investment Management.