Abstract:The FCA warns against 11 unauthorized firms, including two clone scams impersonating licensed providers. Learn how to verify and protect your funds through trusted platforms.
The UKs Financial Conduct Authority (FCA) has flagged another round of unlicensed financial service providers this week, warning the public to remain cautious when dealing with firms not listed on the official FCA Register. The list includes a mix of unauthorized trading websites and cloned entities falsely posing as licensed firms.
Among the newly listed unauthorized firms are:
These platforms are not authorised to offer financial services in the UK. While some may appear professional or list UK-based addresses, the FCA emphasizes that they are operating without oversight and may present heightened risks to users funds and personal data.
More concerning are the cases of cloned entities that mimic the branding and contact details of legitimate UK-regulated firms to mislead users:
The FCA warns that such impersonations are part of an increasingly sophisticated trend where fraudsters mirror trusted brands to gain access to consumers money or identity.
To stay informed and reduce exposure to risks:
Staying alert can make all the difference when navigating the financial landscape online.
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