FCA Blacklists 3 Suspicious Entities, Warns of Citibank UK Clone

Financial Conduct Authority (FCA), the UK financial market regulator, has issued warnings against 3 suspicious companies without due authorization that may be soliciting investors or clones of authorized platforms in the UK jurisdiction.

The FCA alleged that Citi Bond Management / Citi Group is a clone of its authorized firm Citibank UK Limited, trying to scam investors out of money. Detailed address of the suspicious fraudster is not provided and it is reaching out to investors using 3 Email addresses,  info@citi-bondmanagement.com, chloe.green@citi-bonds.com, chloe.green.citigroup@europe.com.

The regulator is concerned that Lynx World Limited is a potential scammer, as it is not registered or authorized. Furthermore, it is operating under 7 domains, including www.compareinvestmentoptions.co.uk, www.findtopukbonds.co.uk, www.compareratebonds.co.uk, www.topbonds.net, www.bonds-invest.com, www.compare-and-invest.com, www.topukpropertybonds.co.uk.

Additionally, another illegal entity Global Solution claims on its website that it provides financial advisory services, ensures the security of capital and promises high levels of liquidity anytime investors want to withdraw. And it is contacting its investors with the following telephone numbers, 02080970042, 02078831019, 02084220900, 02080976181, 02033180309, 02080972734, 02080972733.

The FCA warned that all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized or registered by it and that dealing with legal financial firms gives investors greater protection if things go wrong.