The Financial Conduct Authority (FCA) today warned the public against a company named Chinatsu & Partners. The FCA said that the company had been carrying on business in the UK without authorization.
A perusal of the company’s website shows that the company is engaged in the B2B segment. It claims to work on mergers and acquisitions and also provide services such as valuations and financial advice.
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The company also claims to ‘arrange finance’ and lists an address in Japan.
The FCA has said that any company or individual promoting or offering any kind of financial service in the UK should be authorized. This company does not hold FCA authorisation and hence the public should be wary of it.
The FCA gives regular warnings to the public about such companies to ensure that they are not duped. It encourages the public to report any such companies to the FCA. The public should check its website for a list of approved companies and a list of known scams and unauthorized firms.