FCA Warns against IIB International Broker Clone

The Financial Conduct Authority, Britain’s financial industry watchdog, has issued a warning against a Clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term of IIB International Broker Limited.

The clone, named IIB International Broker, is targeting UK consumers by using the name of a company based in Bulgaria, authorized to provide financial services in the country.

The contact details given by the fraudster entity are:

Address: 40 Bank Street, Canary Wharf, London E14

Email: info@iibfx.com

Website: www.iibfx.com

The FCA went on to add in its warning that such scam companies sometimes mix false with factual information about the authorized firm in order to win the trust of their victims.