Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone 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:
Ashmore Wealth Funds (clone of FCA authorised firm)
Mr Wei CHEN
Mr Henry LEUNG
Mr Robert Tung NG
Mr John DIU
Mr Alexander LAU
207-209, 3/F Golden Gate Commercial Building
136-138 Austin Road, Tsim Sha Tsui
Tel: +852 8174 2507
Websites: www.ashmorewealthfunds.com, www.ashwealthfunds.com
Be aware that the scammers may give out other false details or mix these with some correct details of the authorised firm.
FCA authorised firms details
These FCA authorised firms that fraudsters are claiming to work for have no association with the ‘clone firm’. They are authorised to offer, promote or sell services or product in the UK and their correct details are:
Firm name: Ashmore Investment Management Limited
Firm reference number: 185402
Firm name: Ashmore Investment Advisors Limited
Firm reference number: 611412
Report a clone firm
If you think you have been approached by an unauthorised or clone firm, or contacted about a scam, you should contact us. If you were offered, bought or sold shares, you can use our share fraud reporting form.
You can see more ways to report an unauthorised firm and find out what to do if you have been scammed.
What to do if your firm is cloned
If you think your authorised firm has been cloned or scammers are fraudulently using your name or other details, contact our Firm Helpline on 0300 500 0597.