FCA Warns Against a Clone Firm of Bank of America

The United Kingdom's Financial Conduct Authority (FCA) issued a warning yesterday about a clone firm that is impersonating Bank of America. According to the note, the fraudsters are using the name of the genuine firm to scam people in the UK.

Moreover, scammers use a domain name dubbed boa-eu.com to send emails to people and and use a false phone number that does not coincide with the official one belonging to Bank of America.

Bank of America is registered and authorized by the FCA under the legal name of 'Bank of America, N.A.' with the firm reference number 124642. It also only uses email inboxes with the legit domain bankofamerica.com to reach out to its customers.

"Be aware that scammers may give out other false details or mix these with some correct details of the registered firm. They may change contact details over time to new email addresses, telephone numbers or physical addresses,"the regulator mentioned in the statement.

Earlier, the FCA issued a warning against a clone firm of Wells Fargo​. As detailed in the official announcement, the scammers are using the details of the FCA-authorized Wells Fargo branch to target people in the UK, claiming to be an authorised firm.