The Central Bank of Montenegro issued a warning about fraudulent information and offers promoting online loans in Montenegro that allegedly rely on a cooperation agreement between Loan Link and the central bank. It clarified that it has not licensed Loan Link to conduct microcredit activities. The central bank pointed the public to its website registers of licensed financial institutions, noting that licensed entities operate under Montenegrin law and are subject to regular Central Bank of Montenegro inspections, which provide protections for clients’ financial assets and regulatory rights.

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