The UK’s Financial Conduct Authority (FCA) is warning people against three fake businesses posing as legitimate companies in the country.
The FCA issued a statement about these copycat scams and said that it has received reports of unsuspecting victims being lured by what appear to be offers of high-yield investment opportunities.
The regulator said that all three firms are not based in the United Kingdom and they do not hold any authorization or permissions to conduct investment business in Britain.
The FCA has issued a warning against three companies that are posing as licensed businesses. The advisory states, “according to the advisory, ICM Capetal is claiming to be fully authorized by them.” This could not be further from truth!
www .longleafmanagementco uk And IntertradesFX also claim they have an agreement with UK’s Financial Conduct Authority (FCA) but in reality this does not exist so beware when conducting financial transactions through these websites or any clone firms for that matter because there might come back dangerous consequences down the line
With the rise in online shopping, clone firms have popped up to take advantage. These fraudsters will contact people on behalf of legitimate companies and ask for money or pursue an illicit business venture.
A common way this happens is by sending emails that appear as if they come from Amazon’s servers with offers like free shipping – but then instead directing you back one click away where it prompting payment for products not even belonging to them., etcetera!
Two companies have been impersonating another, according to the UK’s Financial Conduct Authority. For example, ICM Capital Limited poses as their own FCA-licensed company in order to make it seem more legitimate; Longleaf Management Company (Ireland) Ltd., under registration number 516526 is what they call themselves and are not actually an Irish registered firm with this same name or anything close at all really.
The FCA has noted that IntertradesFX is a clone firm of an authorized EEA company, which was established in the United Kingdom.
The British watchdog made the following, “Almost all firms and individuals carrying out financial services activities in the UK have to be authorized or registered by us. This firm is not authorized or registered by us but has been targeting people in the UK, claiming to be an authorized firm.”
A warning has been issued by the Financial Conduct Authority (FCA) about fake companies that offer financial services. These fraudsters claiming to work for these firms have no association with any legitimate businesses and could be up-fronting a scam of some kind; therefore, please proceed with caution when dealing or contacting one!
“If you use an authorized firm, access to the Financial Ombudsman Service and FSCS protection will depend on the investment you are making and the service the firm is providing. If you would like further information about protection, the authorized firm should be able to help,” the authority said.
UBS and Swiss Re are among the many financial companies that have been included in a watchlist by regulators. Fraudsters use these two corporations’ logos to make people believe they’re legitimate, but we all know better!
The UBS Capital Wealth website is being impersonated by fraudsters who use the www.ubscapitalwealth and myubscanada .cc domains to dupe unsuspecting customers into believing they have stumbled upon a legitimate site in their search for investment advice, but are actually dealing with scammers!