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:
UBS Wealth Management / UBS Global Wealth Management (imitating the name of a business division of an FCA authorised firm)
Address: 21 Lombard Street, London EC3V 9AH (cloning the address of an FCA authorised firm)
Telephone: 0207 060 3881
Website: www.ubs-gwm.com, www.ubs-gam.com
Be aware that the scammers may give out other false details or mix these with some correct details of the authorised firm.
In this instance, scammers are claiming to work for “UBS Wealth Management and UBS Global Wealth Management”. UBS Wealth Management is a business division of UBS AG, of which the genuine details are below.
It appears the perpetrators behind this clone have been involved in other attempts to scam people in the UK and that this clone firm may be linked to another also on our warning list. Please see UBS Global Asset Management Funds Ltd (clone) for more information.
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 product in the UK and its correct details are:
Firm name: UBS AG
Firm reference number: 186958
Address: 1 Finsbury Avenue, London, EC2M 2PP
Telephone: 020 7567 8000
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.