FCA warns KTM BANK may be an unauthorised firm

FCA adds KTM BANK to the Warning List

The Financial Conduct Authority says KTM BANK may be providing or promoting financial services or products without permission. The regulator says consumers should avoid dealing with the firm and beware of scams.

On the FCA page, KTM BANK is listed as an unauthorised firm, with the website ktmbank.com. The FCA says the firm is not authorised and may be targeting people in the UK.

The warning was first published on 30 July 2026 and updated the same day.

Why the warning matters for consumers

The FCA says people who deal with an unauthorised firm do not get access to the Financial Ombudsman Service if something goes wrong and are not protected by the Financial Services Compensation Scheme. That can make it harder to recover money.

The regulator also warns that unauthorised firms may use incorrect contact details or details that belong to another business, which can make a website or sales pitch look legitimate.

For retail investors and savers, the implication is simple: an FCA warning does not prove fraud by itself, but it is a strong signal to stop, verify, and not rely on the firm’s own marketing.

What readers can verify next

Consumers can check whether a firm is authorised by using the FCA Firm Checker and the Financial Services Register, rather than relying on a website, call back number, or social media message supplied by the firm.

If someone has already been contacted unexpectedly, the FCA says they should reply only using contact details from the Firm Checker. If money has already been sent to a suspected fraudster, the FCA points readers to its scam guidance and contact form.

Readers can also watch the FCA Warning List for new entries and updates, since the regulator says unauthorised firms often change names and contact details.

• Use the FCA Firm Checker before engaging with any financial business.
• Do not share money, login details, or identity documents with an unauthorised firm.
• If in doubt, report the approach through the FCA contact form or scam reporting route.