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Compliance Corner - Central Bank of Ireland, FCA

Editorial Staff

18 June 2018

Central Bank of Ireland
The Central Bank of Ireland has imposed a fine of €443,000 ($514,000) on has said fraudsters are using the details Satis Asset Management to convince people that they work for a genuine and authorised firm.

The FCA calls them “clone” firms because fraudsters usually use this tactic when contacting people out of the blue. They may use the name of the genuine firm and the firm reference number (FRN) that it has given the authorised firm, but they are not authorised or registered by the FCA.

Here are the details of the “clone" firm:
Satis Asset Management (clone of FCA authorised firm)
Address: 45 Pall Mall, London, UNITED KINGDOM, SW1Y 5JG
Telephone: 02032907465
Clone firm are using same address as authorised firm.
Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.