On , the Financial Conduct Authority issued a warning regarding DBS Trade / DBS Bonds (Clone of FCA authorised firms)
The FCA went on to note that
Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.
This is what we call a 'clone firm'; and 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.
You can find out more about this scam tactic and how to protect yourself from clone firms.
Clone firm details
Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:
DBS Trade / DBS Bonds (Clone of FCA authorised firms)
Address: 5 Harbour Exchange, Harbour Exchange Square, Canary Wharf, UNITED KINGDOM, E14 9GE
Telephone: 2038087813, 2035142356
Email: info@dbstrade.co.uk,
Website: www.dbstrade.co.uk, www.dbsbonds.com
Be aware that scammers may give out other false details or mix these with some correct details of the registered firm. They may change contact details over time to new email addresses, telephone numbers or physical addresses.
FCA authorised firm details
This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:
Firm Name: DBS Bank Limited, DBS Vickers Securities UK Ltd
Firm Reference Number: 204650, 124899
Address: One London Wall 9th Floor London, EC2Y 5EB, UNITED KINGDOM
One London Wall, EC2Y 5EA, UNITED KINGDOM
Telephone: 44 02074896550, 44 02076181888
Email: jonathanb@dbs.com
Website: www.dbs.com