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:
Boiler Room Name: Mitsubishi UFJ Financial Group Inc (Clone of FCA Authorised Firm’s Holding Company)
Address: (1)1-9-1 Nihonbashi, Chuo-ku, Tokyo 103-8645, Japan (Clone of FCA Authorised Firm’s Holding Company’s Address)
(2) 2-7-1 Marunouchi, Chiyoda-Ku, Tokyo, 100-8388, Japan (Clone of FCA Registered Firm’s (FRN 204419) Head Office Address)
Please be aware Mitsubishi UFJ Financial Group Inc (a Japanese holding company) does not make any contact with clients in the UK or overseas; in the UK, the Mitsubishi UFJ Financial Group operates legitimately under a number of different brand names (see http://www.mufg.jp/english), but does not make direct unsolicited contact with retail clients in the UK. Scammers are also referring to the firm’s website to consumers.
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 our Consumer Helpline on 0800 111 6768. 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 0845 606 9966 (call rates may vary).