The Central Bank of Ireland has issued a formal warning against Mbbs Mybestbuysavings Ltd, operating under the trading name Mybestbuysavings, citing its lack of authorisation to conduct investment business in Ireland. The warning was published on 20 August 2026 under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, alerting consumers and market participants to the firm’s unauthorised status.
- Unauthorised Firm Name: Mbbs Mybestbuysavings Ltd t/a Mybestbuysavings
- Website: https://www.mybestbuysavings.com/
- Registered Address: Nikis 1, Anthoupoli, Nicosia, 2350, Cyprus
- Contact Email: info@mybestbuysavings.com
- Contact Phone: +44 (0) 1243 767 664
The firm, which lists a Cyprus address and operates a website offering savings products, has not obtained the necessary regulatory approval from Irish financial authorities. The Central Bank of Ireland explicitly confirmed that the entity holds no authorisation to operate as an investment firm or investment business firm within Ireland’s jurisdiction.
Consumers engaging with unauthorised firms face significant risks, including lack of regulatory oversight, limited recourse mechanisms, and potential fraud exposure. The central bank encourages individuals with information regarding such operations to contact its offices at (01) 224 5800. Further guidance on protecting oneself from financial scams is available on the Central Bank’s official website at www.centralbank.ie/financialscams.
