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The Malta Financial Services Authority, Malta’s main financial regulator, has warned about a firm operating as Tower of London Worldwide. Contrary to what its website says, the organisation is not licensed or authorised by MFSA to provide services in the European country, the watchdog said.

“The entity purports to be a financial advisor offering `wealth management and preservation advice, financial planning strategies, consultations, portfolio management and  bespoke tailored solutions, specific to each individual’s unique needs, shortfalls and portfolios’," the regulator said on its website.

The Maltese regulator also referred to warnings against the entity by the UK Financial Conduct Authority and the Swiss Financial Market Supervisory Authority. 

“The public should therefore refrain from undertaking any business or transactions with the above-mentioned entity,” it said. 

“Investors are advised to be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media,” the regulator continued.

This news service has contacted Tower of London Worldwide, and received a “thank you for your message” reply, with no further comment as of the time of going to press. When a contact number was called, the message said “this phone is switched off…please try later or send a text”. The ToL website purports to have addresses in more than a dozen cities, ranging from Moscow, to Los Angeles, Amsterdam and Geneva. One of the addresses is in London, given as Dashwood House, Level 17, Dashwood House, 69 Old Broad Street, London. There is no phone number for this specific location. Another address - with no phone - is given in Solihull, Birmingham.