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:

Sovereign Wealth Preservation (clone of former FCA registered firm)

Address: 28 Old Brompton Road, London SW7 3SS (former registered EMD agent’s address)

Telephone: 020 3745 2178, 020 7345 2190

Email: admin@swpc.eu

Website: www.swpc.eu

Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.

Former FCA registered firm details

This former registered EMD agent that fraudsters are claiming to work for has no association with the ‘clone firm’. Its correct details are:

Firm Name: Sovereign Wealth Preservation Club (UK) Ltd

Firm Reference Number: 900228

Address: 28 Old Brompton Road, London SW7 3SS