FCA warns on Cyprus-based firm cloning Surrey wealth manager

Regulator says European firm has cloned details of adviser in Surrey

Sahar Nazir
clock • 1 min read

The Financial Conduct Authority (FCA) has warned that a Cyprus-based firm has cloned the details of financial adviser Blacktower Financial Management and is targeting individuals.

The regulator said ICC Intercertus Capita, which is based in Limassol, is using the details of Leatherhead-based Blacktower Financial Management, under the name of Blacktower Financial Management Group - which is the name of a previously authorised FCA firm. The FCA warned that Blacktower Financial Management Group is not authorised, and fraudsters copy the details of authorised firms to "convince people that their firm is genuine". "Scammers may mix these details with the genuine details of authorised firms," the FCA said. "Almost all firms and individuals must be authorised by us...

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