FCA Warns against Standard Chartered Clone

The Hong Kong firm uses the name of the reputable bank to defraud people

The Financial Conduct Authority, UK’s market regulator, has issued a warning against a company called Standard Chartered Mutual Services.

The unauthorized firm uses the name of bank Standard Chartered, which is an authorized financial market operator. It is headquartered in Hong Kong, unlike the actual Standard Chartered whose headquarters are in London.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

The FCA warned: “Fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorised firm or other details.”

Suggested articles

TrioMarkets Partners with HokoCloud, Expands its Portfolio with Social TradingGo to article >>

The address given by the fraudulent company is:

Standard Chartered Mutual Services

Address: Room 1203 12/f, Block 3, 33 Canto Road, China Hong Kong City, Hong Kong

Fax: 02080825730, 02080825743

Got a news tip? Let Us Know