Warning: Unauthorised Investment Firm / Investment Business Firm Unauthorised Firm Name Bates Finance Limited (CLONE) Website https://www.batesfinance.co.uk/ Email addresses used info@batesfinance.co.uk Phone number used 0124 594 4391 Authorisation in Ireland Bates Finance Limited (CLONE) is not authorised to provide investment services in Ireland. This unauthorised firm has cloned the details of authorised firm to pass itself off as legitimate to deceive consumers. There is no connection bet...
The Central Bank of Ireland has issued a warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 against **“Bates Finance Limited (CLONE)”**, an unauthorised investment firm that is cloning a legitimate authorised firm’s details to deceive consumers. This reinforces the requirement for compliance teams to maintain robust controls around firm impersonation, customer communications, and verification of authorisation status, especially for cross‑border investment services offered into Ireland.
What Changed
- - The Central Bank of Ireland has formally identified “Bates Finance Limited (CLONE)” as an unauthorised investment firm / investment business firm and published its details (name, website, email,...
- The warning explicitly states that Bates Finance Limited (CLONE) is not authorised to provide investment services in Ireland and is cloning an authorised firm’s details to pass itself off as...
- The Central Bank confirms that there is no connection between the legitimate authorised firm and the cloned entity using its name.
- The firm’s name is published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, reaffirming the Central Bank’s enforcement power to publicly name unauthorised providers.
- The warning reiterates channels for reporting suspected unauthorised firms to the Central Bank (telephone and online reporting), reinforcing expectations that firms and individuals will escalate...
Suggested Considerations
- Monitor the Central Bank of Ireland’s unauthorised firms and warning notices on an ongoing basis and promptly update internal watchlists, sanctions‑style lists, and fraud‑monitoring tools to include Bates Finance Limited (CLONE).
- Update customer‑facing communications, scam warnings, and investor education materials to reference clone firms and instruct clients to verify authorisation using the Central Bank’s Registers before engaging with any investment firm.
- Review and strengthen controls for detecting and responding to clone firm activity, including monitoring for misuse of the firm’s name, logo, Companies Registration Office number, or website domain in Ireland and other jurisdictions.
- Implement procedures to immediately escalate to the Central Bank and law enforcement (e.g. An Garda Síochána) if the firm becomes aware that its identity is being cloned or if clients are approached by Bates Finance Limited (CLONE) or similar unauthorised entities.
- Enhance due‑diligence and onboarding checks to validate counterparties and intermediaries offering investment products into Ireland, ensuring they hold appropriate authorisation from the Central Bank or relevant EU/EEA regulators.
Key Dates
- Central Bank of Ireland publishes the warning notice identifying Bates Finance Limited (CLONE) as an unauthorised investment firm and stating its lack of authorisation and cloning behaviour
Compliance Impact
Non‑compliance primarily manifests as heightened financial crime and consumer protection risk, including exposure of customers to fraud, reputational damage, and potential regulatory scrutiny where firms fail to act on public warnings about clones and unauthorised providers. While the criminal offence attaches to operating without authorisation, authorised firms that ignore such warnings may face supervisory criticism and conduct‑risk consequences if their customers suffer losses.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerWealth ManagerBank Warning: Unauthorised Investment Firm / Investment Business Firm Unauthorised Firm Name Russell Administration Limited (CLONE) Website https://russelladministration.co.uk/ Email addresses used info@russelladministration.co.uk Phone number used 0208 058 3679 Authorisation in Ireland Russell Administration Limited (CLONE) is not authorised to provide investment services in Ireland. This unauthorised firm has cloned the details of authorised firm to pass itself off as legitimate to deceive consu...
The Central Bank of Ireland has issued a warning notice on 23 July 2026 against “Russell Administration Limited (CLONE)”, an unauthorised investment / investment business firm that is cloning the identity of a legitimate authorised firm to deceive consumers. This highlights ongoing risks from clone investment scams and reinforces the need for Irish- and EU-authorised firms to strengthen controls around impersonation, client communications, and checks against the Central Bank Registers and unauthorised firms list.
What Changed
- - The Central Bank of Ireland has formally designated “Russell Administration Limited (CLONE)” as an unauthorised investment firm under section 53 of the Central Bank (Supervision and Enforcement)...
- The warning confirms that Russell Administration Limited (CLONE) is not authorised to provide investment services in Ireland, and that there is no connection between this clone entity and the...
- The Central Bank has publicly disclosed specific identifiers for the unauthorised firm (website, email address, and phone number) to assist firms and consumers in recognising and blocking fraudulent...
- The notice reiterates that firms and individuals can report suspected unauthorised or clone firms directly to the Central Bank via designated telephone contact points.
- By publishing the warning, the Central Bank reinforces its policy that operating as an investment firm in Ireland without appropriate authorisation is unlawful and subject to supervisory and...
Suggested Considerations
- Verify that your firm’s name, contact details, and regulatory authorisation information have not been cloned or misused by Russell Administration Limited (CLONE) or other similar entities, and escalate any evidence of impersonation to the Central Bank and local law enforcement.
- Update client-facing communications, including website fraud alerts and investor letters, to warn about clone firms and specifically list known identifiers (such as the Russell Administration Limited (CLONE) website, email address, and phone number) where relevant to your client base.
- Instruct front-office, call centre, and relationship management staff to advise clients to check the Central Bank Registers and unauthorised firms list before engaging with any entity claiming to be regulated in Ireland, and to report any suspicious contact immediately.
- Review and strengthen internal financial crime and fraud detection controls to include explicit screening for clone firm indicators, such as mismatched contact details, unregistered domains, and requests to transfer funds to newly introduced counterparties.
- Incorporate the Russell Administration Limited (CLONE) warning and similar Central Bank warning notices into your firm’s ongoing financial crime risk assessments and customer risk profiling, particularly for high-risk investment products and cross-border services.
Key Dates
- Central Bank of Ireland publishes the warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 naming Russell Administration Limited (CLONE) as an unauthorised investment firm
Compliance Impact
Non-compliance primarily manifests as failure to detect and respond to clone firm activity, which can expose clients to fraud, generate significant conduct and reputational risk, and trigger supervisory scrutiny of your firm’s financial crime and consumer protection controls. While the warning is directed at consumers and unauthorised activity, regulated firms that ignore such warnings may face regulatory questions about the adequacy of their systems and controls.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerBroker DealerWealth Manager Warning: Unauthorised Investment Firm / Investment Business Firm Unauthorised Firm Name Aoncfd (CLONE) Websites https://aoncfd.com https://client.aoncfd.com/app.php Email addresses used support@aoncfd.com Purported address Iveagh Court 6, Harcourt Road, Dublin 2, Irlanda Phone number used None Authorisation in Ireland Aoncfd (Clone) is not authorised to operate as an investment firm or investment business firm in Ireland. Additional information It has come to the attention of the Central Bank...
The Central Bank of Ireland (CBI) has issued a warning under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 against **Aoncfd (CLONE)**, an unauthorised online CFD trading provider that is falsely claiming a Dublin presence and cloning details of **Aon Solutions Ireland Limited**, a CBI‑authorised firm. This reinforces regulatory expectations that authorised firms and intermediaries implement robust controls to detect and respond to clone‑firm activity, particularly where their own identity is being misused to target consumers and investors.
What Changed
- - The CBI has formally listed Aoncfd (CLONE) as an unauthorised investment firm / investment business firm that is not permitted to provide investment services or operate as an investment firm in...
- The CBI has publicly identified Aoncfd (CLONE)’s websites, email address, and purported Dublin address to support monitoring and blocking efforts by firms and market infrastructures.
- The CBI has clarified that Aoncfd (CLONE) is a clone entity that has copied the name, address and foreign registration details (CONSOB Registration 5141) of Aon Solutions Ireland Limited, and that...
- The publication reiterates that the CBI will use its section 53 naming power under the Central Bank (Supervision and Enforcement) Act 2013 to publicly warn about unauthorised firms.
- The notice reinforces existing expectations that firms, consumers, and intermediaries should use the CBI’s authorisations register and list of unauthorised firms as part of fraud and clone‑risk...
Suggested Considerations
- Firms should immediately screen client referral sources, onboarding records, and any existing or prospective relationships against the identifiers published for Aoncfd (CLONE) (names, URLs, email, and purported address) and block or terminate any exposure.
- Compliance teams should update internal fraud and financial crime watchlists and sanctions‑style screening tools to include Aoncfd (CLONE) and the specific URLs, email address and address cited in the warning.
- Authorised firms, particularly Aon Solutions Ireland Limited, should conduct brand‑misuse and impersonation checks (including web‑scraping, social media monitoring and domain surveillance) to identify further clone activity and prepare incident‑response plans.
- Client‑facing staff should be briefed via targeted compliance communications to warn clients about clone firms and to ensure they direct clients to the CBI’s register and unauthorised firms list when verifying any investment provider claiming an Irish authorisation.
- Firms should review and, where necessary, enhance KYC and onboarding controls to include explicit verification of a counterparty’s regulatory authorisation in Ireland (or relevant jurisdiction) and checks for inconsistencies between provided details and registry information.
Key Dates
- CBI issues the formal warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 naming Aoncfd (CLONE) as an unauthorised firm and publishing its details
Compliance Impact
Non‑compliance with expectations around detecting and responding to clone‑firm activity can lead to significant consumer harm, conduct risk and supervisory scrutiny, including potential enforcement if firms fail to maintain adequate systems and controls to prevent misuse of their identity. While the warning is directed at an unauthorised third party, authorised firms implicated by cloning risk reputational damage, client loss and potentially civil claims if they are perceived not to have taken reasonable steps to warn and protect customers.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Warning: Unauthorised Insurance Intermediary and Insurance/ Reinsurance Firm Unauthorised Firm Name Codeve Insurance Co DAC (CLONE) Website address https://www.codeveinsurance.com/ Email addresses used contact@codeveinsurance.com legal@codeve.com Investorrelations@bournrockinvest.com Authorisation in Ireland This firm is not authorised to provide insurance/reinsurance services and/or insurance intermediary/distribution services in Ireland. Additional information This Unauthorised Firm has clo...
The Central Bank of Ireland (CBI) has issued a warning under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 against **Codeve Insurance Co DAC (CLONE)**, an unauthorised firm impersonating the authorised insurer **CODEVE Insurance Company dac** and offering insurance/reinsurance and intermediary services in Ireland without authorisation. This is a clone-firm financial crime risk event that requires immediate enhancements to onboarding, counterparty due diligence and fraud‑risk controls for insurance and distribution arrangements involving Ireland or Irish‑resident customers.
What Changed
- - The CBI has formally listed “Codeve Insurance Co DAC (CLONE)” as an unauthorised insurance/reinsurance firm and insurance intermediary/distributor for Ireland.
- The CBI confirms that this entity is not authorised in Ireland to provide insurance, reinsurance or insurance distribution/intermediary services.
- The warning identifies specific contact points used by the clone: website `https://www.codeveinsurance.com` and email addresses `contact@codeveinsurance.com`, `legal@codeve.com` and...
- The CBI confirms that the unauthorised firm has cloned the name and details of the authorised firm CODEVE Insurance Company dac to pass itself off as that legitimate entity and deceive consumers.
- The CBI explicitly states there is no connection between the authorised CODEVE Insurance Company dac and the unauthorised clone, clarifying that the authorised firm is a victim of impersonation.
Suggested Considerations
- Update internal unauthorised/blacklist tables and watchlists to include “Codeve Insurance Co DAC (CLONE)”, the website `https://www.codeveinsurance.com`, and the email addresses `contact@codeveinsurance.com`, `legal@codeve.com`, and `Investorrelations@bournrockinvest.com`.
- Configure onboarding, third‑party due diligence and supplier management systems so that any counterparty or proposal referencing these identifiers or closely similar names triggers escalation and enhanced verification.
- Conduct an immediate screening of existing distribution, outsourcing, binder, reinsurance and fronting arrangements to confirm that no current relationships involve the clone entity or its contact details.
- Implement or reinforce a formal “clone‑firm check” in client and counterparty KYC/KYB procedures, requiring staff to verify authorisation status directly against the CBI’s registers and unauthorised firm list before entering into insurance or reinsurance arrangements linked to Ireland.
- Issue an internal compliance and financial‑crime alert to underwriting, sales, distribution, treasury and investment teams highlighting the Codeve clone, the specific identifiers, and the need to report any contact or proposals linked to this entity.
Key Dates
- CBI issues the public warning notice listing Codeve Insurance Co DAC (CLONE) as an unauthorised firm under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
Non‑compliance primarily exposes firms to financial crime, conduct and civil liability risks, including the risk of facilitating unlicensed insurance business, mis‑selling, and customer loss through fraud. Regulatory expectations around due diligence, distribution control and consumer protection mean that failure to identify and mitigate clone‑firm exposure could lead to supervisory scrutiny, remediation requirements and potential enforcement where governance or systems and controls are found deficient.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
InsuranceBankAll Firms
Warning: Unauthorised Investment Firm / Investment Business Firm / Alternative Investment Fund Manager Unauthorised Firm Name MacKay Shields UK LLP (CLONE) Website(s) None Email address(es) used support@mackay-shields.email Phone number(s) used WhatsApp nr(s) used: +351 916 719 422 +351 933 813 914 WhatsApp Q91 Group Telephone nr(s) used: +351 916 719 422 +351 933 813 914 +966 684 260 Authorisation in Ireland MacKay Shields UK LLP (CLONE) is not authorised to provide Investment services or In...
The Central Bank of Ireland has issued a warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 against **MacKay Shields UK LLP (CLONE)**, a fraudulent, unauthorised clone firm using messaging apps and mobile numbers to offer fake investments and operate the NYLI and NYLIPLUS applications. The entity has cloned the details of the legitimately authorised MacKay Shields UK LLP (CBI register C121665) and is unlawfully holding itself out as an investment firm, investment business firm and AIFM in Ireland, which has direct implications for Irish‑authorised firms whose brands are cloned and for any intermediary or distributor interacting with Irish clients.
What Changed
- - The Central Bank of Ireland has formally designated “MacKay Shields UK LLP (CLONE)” as an unauthorised investment firm / investment business firm / alternative investment fund manager and published...
- The notice clarifies that MacKay Shields UK LLP (CLONE) is not authorised to provide investment services, investment business services or AIFM services in Ireland and therefore any financial services...
- The Central Bank highlights that the clone firm has been offering fake investments via the applications NYLI and NYLIPLUS, emphasising a specific scam vector via investment apps rather than...
- The warning confirms that the clone firm has cloned the name and registration details of the legitimate MacKay Shields UK LLP (Central Bank register C121665), reinforcing the pattern of...
- The firm’s name is being published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, signalling that the Central Bank considers the activity sufficiently serious to warrant...
Suggested Considerations
- Review and update client‑facing communications, website content and FAQs to warn clients about clone‑firm risks, specifically referencing messaging‑app contact details and investment apps such as NYLI and NYLIPLUS that are not associated with authorised firms.
- Implement or enhance procedures within AML / financial crime and fraud‑risk frameworks to identify and escalate interactions involving the listed email address (support@mackay-shields.email) and the specified WhatsApp and telephone numbers, treating them as indicators of potential scam activity.
- Instruct front‑office, client‑relationship and call‑centre staff to verify authorisation status using the Central Bank’s public registers before acknowledging or forwarding any investment proposals that reference “MacKay Shields UK LLP” or similar branding.
- Notify internal legal and regulatory affairs teams, and where relevant the legitimate MacKay Shields UK LLP, of the clone warning to coordinate responses, client communications and potential reporting of any attempted impersonation or fraudulent use of the authorised firm’s details.
- Review existing third‑party distribution and referral arrangements to ensure counterparties are not using or promoting NYLI, NYLIPLUS or similar unregulated applications, and add contractual provisions requiring immediate notification if cloning or impersonation is suspected.
Key Dates
- Central Bank of Ireland issues and publishes the warning notice against MacKay Shields UK LLP (CLONE) as an unauthorised investment firm / investment business firm / AIFM and lists its name under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
Non‑compliance primarily manifests as failure to detect, prevent and appropriately respond to client exposure to unauthorised clone firms, which can lead to significant consumer detriment, reputational damage, supervisory scrutiny and potential enforcement action where firms’ conduct or controls are found inadequate. Firms whose identities are cloned also face operational disruption and possible regulatory queries if they do not actively manage and communicate around impersonation risks.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerWealth ManagerBank Warning: Unauthorised Investment Firm / Investment Business Firm Unauthorised Firm Name AGF International Advisors Company Limited (CLONE) and/or Iron-Cap / IRONCAP Website(s) www.iron-cap.com https://www.iron-cap.io/ https://www.iron-cap.io/fr/forgot-password/ Email address(es) used support@iron-cap.com Samuel.breval@iron-cap.com Phone number(s) used None Authorisation in Ireland AGF International Advisors Company Limited (CLONE) and/or Iron-Cap/IRONCAP is not authorised to provide Investmen...
The Central Bank of Ireland (CBI) has issued a warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 against a **fraudulent clone** using the name AGF International Advisors Company Limited and the brand Iron-Cap / IRONCAP, operating via several websites and email addresses without authorisation to provide investment services in Ireland. This matters for compliance teams because the cloned entity is impersonating a fully authorised CBI firm (AGF International Advisors Company Limited, CBI00022137), creating heightened financial crime, conduct, and reputational risks, and necessitating strengthened client-onboarding and counter‑party due‑diligence controls to detect and manage clone‑firm exposure.
What Changed
- - The CBI has formally designated AGF International Advisors Company Limited (CLONE) and/or Iron-Cap / IRONCAP as an unauthorised investment firm / investment business firm and has published its...
- The specific websites www.iron-cap.com and https://www.iron-cap.io (including the French-language path https://www.iron-cap.io/fr/forgot-password/) have been identified as associated with this...
- The email addresses support@iron-cap.com and Samuel.breval@iron-cap.com have been flagged as being used by the unauthorised entity in connection with the Iron-Cap / IRONCAP investment offering.
- The CBI has reiterated that the clone is not authorised to provide investment services or investment business services in Ireland and has explicitly clarified that there is no connection whatsoever...
- The warning reinforces existing CBI expectations that Irish‑authorised firms and gatekeepers must monitor and respond to clone‑firm activity, including by reporting suspected unauthorised firms...
Suggested Considerations
- Review and update client‑onboarding procedures to include specific screening for the websites www.iron-cap.com and https://www.iron-cap.io and the email domains associated with Iron-Cap / IRONCAP, flagging and escalating any matches as suspected clone‑firm exposure.
- Update sanctions, fraud, and financial crime screening tools and internal watchlists to include the unauthorised firm identifiers associated with AGF International Advisors Company Limited (CLONE) and Iron-Cap / IRONCAP, ensuring alerts are generated for relevant customer or transaction hits.
- Strengthen fraud‑awareness communications to clients and staff by referencing the CBI’s financial scam materials, emphasising the risks of dealing with unauthorised firms and clone entities, and advising clients to verify firm authorisation before investing.
- Establish or update an internal escalation protocol for suspected clone‑firm activity, ensuring that all such cases are reported promptly to the CBI via the dedicated unauthorised firms reporting channels and, where applicable, to other relevant regulators.
Key Dates
- CBI publishes the warning notice on AGF International Advisors Company Limited (CLONE) and/or Iron-Cap / IRONCAP as an unauthorised investment firm / investment business firm under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
Failure to identify and appropriately manage interactions with unauthorised clone firms exposes regulated institutions to heightened AML/financial crime risk, consumer protection breaches, and significant reputational damage, and may result in supervisory scrutiny or enforcement for inadequate systems and controls. For clients misled into dealing with unauthorised firms, there is a high risk of loss without access to statutory investor compensation or regulatory recourse.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerWealth ManagerBank Warning: Unauthorised Investment Firm Unauthorised Firm Name Arbionis Website https://arbionis-ireland.com Phone number used +353 612 34 56 78 Authorisation in Ireland Arbionis is not authorised to provide investment services in Ireland. Notes: Any person wishing to contact the Central Bank with information regarding such firms / persons may telephone (01) 224 5800 or report an unauthorised firm directly to the Central Bank . For more information on how to protect yourself from financial scam...
The Central Bank of Ireland (CBI) has issued a warning under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 against **Arbionis**, stating that it is an **unauthorised investment firm** and is **not authorised to provide investment services in Ireland**. This matters for compliance teams because it reinforces obligations around dealing only with duly authorised counterparties, screening against CBI’s unauthorised firms list, and ensuring robust customer and third‑party due diligence to avoid facilitation of unregulated investment activity.
What Changed
- - The CBI has formally designated Arbionis as an unauthorised investment firm and published its details (name, website, phone number) as a warning notice on its website.
- The CBI has clarified that Arbionis is not authorised to provide investment services in Ireland, meaning it cannot lawfully carry out regulated investment activities in or into Ireland.
- The name Arbionis has been published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, confirming this is part of the CBI’s supervisory and enforcement toolkit against...
- The warning reiterates that market participants and the public should use the CBI’s channels (telephone line and online reporting tool) to report suspected unauthorised firms or persons.
- The CBI re‑emphasises its consumer‑protection messaging, directing individuals and firms to its dedicated financial scams information page, thereby underlining expectations that firms proactively...
Suggested Considerations
- Screen all existing and prospective counterparties, introducers, and investment product providers against the CBI unauthorised firms list, and update internal watchlists to include Arbionis and its known identifiers (name, website, phone number).
- Prohibit onboarding Arbionis as a counterparty, intermediary, or service provider and ensure no marketing, introduction, or distribution arrangements exist or are entered into with this firm.
- Conduct an immediate review of client transaction flows and communications to identify any exposure to Arbionis, including referrals, introductions, payments, or client queries referencing Arbionis or its website.
- If any exposure to Arbionis is identified, escalate to compliance and legal functions, assess potential consumer detriment, and consider notifying the Central Bank of Ireland via the dedicated phone number or online reporting channel.
- Enhance client‑facing communications and website content to warn clients about unauthorised investment firms, referencing the CBI’s financial scams guidance and explaining how clients can verify authorisation status.
Key Dates
- CBI issues and publishes the warning notice that Arbionis is an unauthorised investment firm and is not authorised to provide investment services in Ireland, with the name published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
Non‑compliance with Irish regulatory requirements on authorisation and dealings with unauthorised firms can expose entities to enforcement risk, civil liability, and significant consumer‑protection issues, especially if clients suffer losses through referrals or introductions to such firms. Failure to detect or act on CBI warning notices may also be viewed negatively in supervisory assessments of governance, conduct risk, and financial crime controls.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerBroker DealerWealth Manager Warning: Unauthorised Investment Firm / Investment Business Firm Unauthorised Firm Name LGIM Managers (Europe) Limited (CLONE) Website None Email addresses used info@lgimeu.com (no longer active) office@bunqpartner.com Purported address Friedrich-Ebert-Anlage 49 60311 Frankfurt am Main Phone number used +49 69 9675 5450 Authorisation in Ireland LGIM Managers (Europe) Limited (CLONE) is not authorised to operate as an investment firm or investment business firm in Ireland. Additional informati...
The Central Bank of Ireland (CBI) has issued a warning notice that a **clone entity using the name “LGIM Managers (Europe) Limited (CLONE)” is offering fake investments and falsely claiming partnerships with bunq Bank and other institutions, without any authorisation to provide investment services in Ireland**. This matters for compliance teams because it highlights active impersonation of a CBI‑authorised MiFID/AIFM firm, the risk of client and staff being deceived by sophisticated cloning scams, and the need for strengthened controls around firm verification, client communications, and scam response.
What Changed
- - The CBI has formally designated “LGIM Managers (Europe) Limited (CLONE)” as an unauthorised investment firm / investment business firm and published its details on the CBI unauthorised firms list...
- The CBI has explicitly stated that the clone entity is not authorised to operate as an investment firm or investment business firm in Ireland, thereby clarifying that any investment services offered...
- The warning identifies specific contact details associated with the scam, including email addresses info@lgimeu.com (now inactive) and office@bunqpartner.com, a purported address at...
- The CBI has confirmed that the clone has copied the name and registration details of the legitimate CBI‑authorised firm LGIM Managers (Europe) Limited (C173733), while emphasising that there is no...
- By publishing the firm under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, the CBI has activated its statutory regime for public warning notices on unauthorised firms,...
Suggested Considerations
- Update customer‑facing fraud warnings, website scam information pages, and client communications to include reference to the CBI warning on the LGIM clone and to explain how clients can verify whether a firm is authorised in Ireland.
- Enhance onboarding and periodic KYC / KYB procedures to include independent verification of counterparties’ authorisation status on the CBI register and cross‑check any claimed partnership with LGIM Managers (Europe) Limited, bunq Bank, or similar institutions.
- Implement or update internal guidance requiring staff to escalate immediately any client queries, introductions, or marketing materials referencing “LGIM Managers (Europe) Limited (CLONE)” or using the listed contact details to the compliance and financial crime teams.
- Conduct a targeted review of recent and ongoing distribution, referral, and introducer arrangements to identify any potential exposure to unauthorised clone entities or intermediaries misusing the LGIM brand or falsely claiming CBI authorisation.
- Train frontline staff, relationship managers, and call‑centre agents on the specific red flags associated with clones of authorised firms, including copied registration details, foreign addresses, and use of generic email domains, and on the process for verifying authorisation with the CBI.
Key Dates
– CBI previously issued a warning notice regarding a fraudulent entity cloning LGIM Managers (Europe) Limited and offering fake “Legal & General” bond investments, establishing a history of cloning activity around this authorised firm
– CBI publishes the current warning notice “LGIM Managers (Europe) Limited (CLONE) – Central Bank of Ireland Issues Warning on Unauthorised Firm”, formally identifying the clone, its contact details, and its unauthorised status under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
Non‑compliance exposes firms to regulatory enforcement, criminal law risk where unauthorised activity is facilitated, and significant reputational damage for failing to prevent or respond adequately to clone‑firm scams involving their brand or clients. Firms that do not implement robust verification and reporting processes may face heightened conduct‑risk, customer detriment, and potential supervisory scrutiny from the CBI and other EU regulators.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerBankBroker Dealer Warning: Unauthorised Insurance Intermediary Unauthorised Firm Name Inloovi Ireland Ltd. (Clone) Website address https://inloovi.com/ Email addresses used insurance@inloovi.com complaints@inloovi.com noreply@inloovi.com hello@inloovi.com Authorisation in Ireland This firm is not authorised to provide insurance intermediary/distribution services in Ireland. Additional information This Unauthorised Firm has cloned details of a Central Bank authorised firm and has been seeking to pass itself off...
The Central Bank of Ireland (CBI) has issued a **Section 53 Central Bank (Supervision and Enforcement) Act 2013 warning notice** against **Inloovi Ireland Ltd. (Clone)**, an unauthorised entity falsely presenting itself as **A.R.B. Underwriting Limited t/a Buddy Travel Insurance** in order to provide insurance intermediation/distribution services in Ireland without authorisation. This reinforces CBI’s ongoing focus on **clone scams**, and has immediate implications for Irish‑authorised insurers, MGAs, and intermediaries around due‑diligence on counterparties, website/email abuse monitoring, and customer communications to prevent consumer detriment.
What Changed
- - The CBI has formally identified “Inloovi Ireland Ltd. (Clone)” as an unauthorised insurance intermediary that is not authorised to provide insurance intermediary or insurance distribution services...
- The CBI has publicly associated specific digital identifiers with this fraudulent entity, including the website inloovi.com and email addresses insurance@inloovi.com, complaints@inloovi.com,...
- The CBI confirms that Inloovi Ireland Ltd. (Clone) has cloned details of a legitimate CBI‑authorised firm, A.R.B.
- The CBI clarifies that there is no connection whatsoever between the legitimate authorised entity and the clone firm, and the warning is intended to protect both consumers and the legitimate firm’s...
- The CBI reiterates that the name of the unauthorised firm is published under Section 53 of the Central Bank (Supervision and Enforcement) Act 2013, reinforcing its supervisory and enforcement stance...
Suggested Considerations
- Review and update internal sanctions/blacklist and fraud‑risk lists to include “Inloovi Ireland Ltd. (Clone)”, the domain inloovi.com, and the listed email addresses, ensuring screening across onboarding, claims, complaints, and payment processing.
- Conduct an immediate counterparty and referral review to confirm that no current or proposed distribution, outsourcing, or referral arrangements involve Inloovi Ireland Ltd. (Clone) or entities using the inloovi.com domain.
- Enhance KYC and intermediary due‑diligence procedures to include explicit checks against the CBI’s unauthorised firms list and Section 53 Warning Notices before entering into any new intermediary, coverholder, or introducer arrangement.
- Update staff training (particularly for sales, claims, complaints, and contact‑centre teams) on recognising clone‑firm indicators (e.g., similar names, use of look‑alike domains, unofficial email addresses) and on escalation pathways to compliance and fraud teams.
- Review and, where necessary, enhance website monitoring and brand‑abuse detection (including domain monitoring, phishing detection, and use of take‑down services) to identify and address fraudulent websites or email domains purporting to represent the firm.
Key Dates
- CBI issues and publishes the Warning Notice identifying Inloovi Ireland Ltd. (Clone) as an unauthorised insurance intermediary and clone of A.R.B. Underwriting Limited t/a Buddy Travel Insurance, and lists the associated website and email addresses
Compliance Impact
Failure to identify and respond to clone‑firm activity can expose regulated insurers and intermediaries to significant conduct, reputational, and potential supervisory risk, particularly where consumers mistakenly believe fraudulent activity is connected to an authorised firm. While the warning is formally directed at an unauthorised entity, CBI expectations on active detection, reporting, and customer communication are clear, and weak controls in these areas may attract supervisory scrutiny and, in serious cases, enforcement interest.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
InsuranceAll Firms
Warning: Unauthorised Retail Credit Firm Unauthorised Firm Name Loan Empower Solution Website https://www.lesolution.eu Purported address The Merrion Buildings, 18–20 Merrion Street, Dublin 2, D02 XH98, Ireland Email address used contact@lesolution.eu Phone number used +49 30 1234 5678 Authorisation in Ireland Loan Empower Solution is not authorised as a retail credit firm in Ireland. Additional information Loan Empower Solution appears to be engaged in ‘advanced fee fraud’, where a payment i...
The Central Bank of Ireland (CBI) has issued a formal warning under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 against **Loan Empower Solution**, an unauthorised firm purporting to offer retail credit from a Dublin address while apparently engaging in **advance fee fraud**. This reinforces supervisory expectations that authorised firms operating in or into Ireland must have robust controls around unauthorised-firm risk, fraud referrals, and customer communications, particularly where clone or bogus “retail credit” offerings are involved.
What Changed
- - The CBI has added Loan Empower Solution (website: lesolution.eu) to its public list of unauthorised firms and explicitly categorised it as an unauthorised retail credit firm operating without the...
- The CBI has publicly stated that Loan Empower Solution appears to be operating an advance fee fraud model, where upfront payments are requested for credit services that are never provided.
- The CBI has confirmed that the firm is using a purported Irish business address (The Merrion Buildings, 18–20 Merrion Street, Dublin 2, D02 XH98), a non-Irish telephone number, and a specified...
- The firm’s name has been published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, reaffirming the CBI’s use of its statutory power to publicly identify entities...
- The CBI has directed the public to its unauthorised firms search and financial scams information pages, implicitly reinforcing expectations that firms promote use of these tools in their consumer...
Suggested Considerations
- Review and update internal unauthorised-firm and scam monitoring procedures to ensure Loan Empower Solution and its identifiers (name, website, address, email, telephone number) are captured in watchlists, fraud rules, and staff guidance.
- Screen recent and ongoing customer transactions and communications for any references to Loan Empower Solution or similar lending scams requesting upfront “loan fees”, and escalate any matches to fraud and compliance teams.
- Update customer-facing communications and website scam warnings to highlight the risk of advance fee fraud in retail credit, referencing the need to check the CBI registers and unauthorised-firms list before engaging with lenders.
- Ensure call centre, branch, and digital support staff are trained to identify and respond to customers approached by unauthorised lenders, including how to advise customers to verify authorisation status on the CBI website and to report suspected scams.
- Incorporate checks against the CBI unauthorised firms search into onboarding, due diligence, and third-party risk management processes for any lending-related partnerships, introducers, or lead generators.
Key Dates
- CBI publishes the warning notice against Loan Empower Solution as an unauthorised retail credit firm and lists the firm under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
Non-compliance primarily exposes firms to conduct and financial crime risk, including facilitating fraud, failing to protect vulnerable customers, and weaknesses in perimeter controls, which can lead to CBI supervisory findings, reputational damage, and potentially enforcement action for systemic failures. The enforcement signalling is material for any firm active in retail credit or payments, and boards and senior managers responsible for consumer and financial crime risk should treat unauthorised-firm exposure as a priority issue.
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BankFintechPayment Provider Warning: Unauthorised Investment Firm / Investment Business Firm / Crypto-Asset Service Provider Unauthorised Firm Name Lambestone Holding Limited (CLONE) Website • www.lambestoneholding.com • www.secured.lambestoneholding.com • www.lambestone.com/en/ Email address used • support@lambestone.com • thomas.clark@lambestone.com • support@lambestoneholding.com Telephone Numbers used • + 44 7935319927 • + 44 2045798184 • + 579 9845330 • + 1 782 612 0080 • + 16472438410 • + 442081500056 Authorisatio...
The Central Bank of Ireland (CBI) has issued a warning that **“Lambestone Holding Limited (CLONE)” is an unauthorised investment firm / investment business firm / crypto‑asset service provider** and is not authorised to operate or provide services in Ireland. The entity is a scam “clone firm” that has misappropriated the name, address and CRO number of a legitimate company, which heightens impersonation risk for regulated firms and underscores the need for robust client‑onboarding, fraud‑prevention and name‑screening controls.
What Changed
- - The CBI has formally designated Lambestone Holding Limited (CLONE) as an unauthorised investment firm, investment business firm and crypto‑asset service provider for Ireland, and has published its...
- The warning confirms that Lambestone Holding Limited (CLONE) is not authorised to operate as an investment firm or to provide crypto‑asset services in Ireland, and therefore may not lawfully provide...
- The CBI explicitly identifies Lambestone Holding Limited (CLONE) as a “clone firm” that has copied the name, address and CRO number of a legitimate company in the Companies Registration Office (CRO)...
- The CBI clarifies that there is no connection whatsoever between the legitimate CRO‑registered company and the scam entity, thereby protecting the reputation of the genuine firm and reducing...
- The warning includes a non‑exhaustive list of websites, email domains and telephone numbers used by the clone (multiple .com domains, support and individual email accounts, and international phone...
Suggested Considerations
- Update internal sanctions, fraud, and high‑risk entity screening lists immediately to include Lambestone Holding Limited (CLONE), its known websites, email addresses and telephone numbers, and ensure these are used in client onboarding, periodic KYC reviews and transaction monitoring.
- Instruct client‑facing and dealing staff not to refer clients to, or accept instructions from, Lambestone Holding Limited (CLONE) or any individual using the listed domains, emails or phone numbers, and document this in internal guidance.
- Review and enhance client‑due‑diligence procedures to include explicit checks for clone‑firm indicators, including mismatches between a firm’s claimed regulatory status and the CBI online registers, as well as verification against CRO records.
- Implement a formal process to monitor and log Central Bank of Ireland warning notices (and similar notices from ESMA, other EU national competent authorities, FCA, etc.) and to propagate relevant alerts across first‑ and second‑line control functions.
- Conduct targeted staff awareness and training sessions for front‑office, call‑centre, and complaints‑handling teams on clone‑firm typologies, with Lambestone Holding Limited (CLONE) used as a current example of CRO‑identity cloning.
Key Dates
- CBI issues and publishes the warning notice that Lambestone Holding Limited (CLONE) is an unauthorised investment / investment business firm / crypto‑asset service provider and that its name is listed under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
The compliance impact is high: dealing with, introducing business to, or failing to protect clients from clearly identified unauthorised and clone firms can expose regulated entities to supervisory criticism, enforcement risk, and significant conduct‑risk and reputational damage. While the CBI warning is aimed primarily at the public, regulators increasingly expect supervised firms to evidence proactive monitoring of such notices and to embed them into financial crime and consumer‑protection controls.
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original CBI source
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Asset ManagerBroker DealerWealth Manager Warning: Unauthorised Investment Firm / Unauthorised Investment Business Firm Unauthorised Firm Name MakoTrade Website address https://www.makotrade.net Email address used support@Makotrade.com Authorisation in Ireland MakoTrade purporting to be part of the BlauStein Investitionen Gruppe is not authorised as an investment firm or an investment business firm in Ireland. Notes: Any person wishing to contact the Central Bank with information regarding such firms / persons may telephone (01) 224 ...
The Central Bank of Ireland (CBI) issued a warning on **17 June 2026** stating that **MakoTrade** is **not authorised in Ireland** as an investment firm or investment business firm and that it is purporting to be part of the **BlauStein Investitionen Gruppe**. For compliance teams, this is a clear indicator of an **unauthorised-firm / potential clone-style scam risk**, requiring immediate counterparty, marketing, and client-onboarding controls to prevent customer harm and reputational spillover.
What Changed
- - The CBI has formally identified MakoTrade as an unauthorised investment firm / unauthorised investment business firm in Ireland.
- The warning confirms that MakoTrade is not authorised to provide investment services in Ireland, regardless of any claimed affiliation with the BlauStein Investitionen Gruppe.
- The CBI has published the firm’s website address and email address used as part of its warning notice, signaling an active consumer-protection alert.
- The publication falls under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, which is the statutory basis for naming the unauthorised firm.
- The CBI directs the public to its financial scams guidance and provides a reporting route for information about unauthorised firms.
Suggested Considerations
- Screen all new and existing client introductions, counterparties, and external inquiries against the CBI warning list and treat MakoTrade as unauthorised unless independently proven otherwise.
- Block or escalate any payments, transfers, or onboarding requests involving MakoTrade, its website, its email domain, or any claimed BlauStein Investitionen Gruppe affiliation.
- Update fraud and scam detection playbooks to include the CBI’s warning notice as a trigger for enhanced due diligence and referral to financial crime teams.
- Notify relationship managers, client-facing staff, and call-centre teams that MakoTrade must not be represented as authorised in Ireland.
- Review client complaints, inbound leads, and suspicious payment patterns for any contact with the listed website or email address and preserve evidence for reporting.
Key Dates
- The Central Bank of Ireland issued the warning notice naming MakoTrade as an unauthorised investment firm
Compliance Impact
The practical severity is high because CBI unauthorised-firm warnings are designed to stop ongoing consumer harm and often indicate a scam or clone-style impersonation risk. Firms that fail to detect, block, or escalate dealings with such entities can face conduct, fraud, AML, and reputational consequences, especially if customer money is routed through their systems.
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original CBI source
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All FirmsAsset ManagerBroker Dealer Warning: Unauthorised Investment Firm / Investment Business Firm Unauthorised Firm Name AllianceBernstein Limited (CLONE) Email Address’s • clientservices@abprivatemanagement.com • info@abprivatemanagement.com Authorisation in Ireland AllianceBernstein Limited (Clone) is not authorised to operate as an investment firm or investment business firm in Ireland. Additional Information This scam firm cloned the details (name and address) of the legitimate Central Bank authorised firm in order to ad...
What Changed
- - The CBI has formally published AllianceBernstein Limited (CLONE) under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 as an unauthorised firm.
- The warning confirms that the clone is not authorised to provide investment firm or investment business firm services in Ireland.
- The CBI identifies the use of cloned identity details—specifically the legitimate firm’s name and address—as a deceptive tactic intended to add legitimacy to the scam.
- The notice provides the specific scam email addresses used by the unauthorised entity, which should be treated as fraud indicators in screening and client-education controls.
- The CBI reiterates that consumers and counterparties can report suspicious firms directly to the regulator and that the publication sits within its broader anti-scam warning framework.
Suggested Considerations
- Verify that any entity claiming to be AllianceBernstein Limited is matched against the CBI authorisation register before any onboarding, trading, mandate acceptance, or payment activity.
- Block or escalate any contact using the email addresses clientservices@abprivatemanagement.com and info@abprivatemanagement.com as potential fraud indicators.
- Update fraud and onboarding controls to detect clone-firm impersonation, including mismatches in firm name, address, domain, and regulator reference details.
- Notify client-facing teams and operations staff that the legitimate authorised firm has no connection with the clone entity and that enquiries should be independently verified.
- Refresh customer communications and website warnings to remind clients to confirm authorisation status before sharing funds or instructions.
Key Dates
- The Central Bank of Ireland issued the warning notice identifying AllianceBernstein Limited (CLONE) as an unauthorised investment firm/investment business firm
Compliance Impact
The severity is high because the publication signals an active unauthorised-firm scam that can lead to client losses, reputational damage, and potential control failures if firm verification processes are weak. Firms that ignore clone warnings may inadvertently facilitate fraud, miss suspicious activity indicators, or expose clients to non-compensable losses.
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Asset ManagerWealth ManagerAll Firms
Warning: Unauthorised Investment Firm / Investment Business Firm / Crypto-Asset Service Provider Unauthorised Firm Name SMH Markets (Clone) Website https://smh-markets.com/ Email addresses used • support@smh-markets.com • complaints@smh-markets.com • privacy@smh-markets.com • legal@smh-markets.com • bryan.stone@smh-markets.com Phone number used • +1 6479481664 • +1 787 945 2353 • +35315314800 Authorisation in Ireland SMH Markets is not authorised to provide investment services in Ireland. Thi...
Asset ManagerBroker DealerCrypto Exchange Warning: Unauthorised Investment Firm / Unauthorised Investment Business Firm Unauthorised Firm Name LARL F.S / LARL Financial Services (CLONE) Website https://larlfs.com/ Email addresses used • enquiries@larlfs-eu.com • info@larlfs.com • liam.mccarthy@larlfs-eu.com Authorisation in Ireland LARL F.S / LARL Financial Services (Clone) is not authorised to provide investment services in Ireland. Additional Information This firm is cloning the identity of the legitimate Central Bank authorised fi...
On 17 June 2026, the Central Bank of Ireland (CBI) issued a Section 53 warning naming “LARL F.S / LARL Financial Services (CLONE)” as an unauthorised investment firm that is fraudulently cloning the identity of the authorised firm LARL Financial Services Limited (C176004). The notice highlights active misuse of a genuine CBI authorisation number and branding, reinforcing the need for regulated firms and distributors to strengthen counter‑fraud due diligence, verification of counterparties, and investor communications around clone scams.
What Changed
- - The CBI has formally designated “LARL F.S / LARL Financial Services (CLONE)” as an unauthorised investment firm / unauthorised investment business firm and has added it to its public list of...
- The CBI has confirmed that LARL F.S / LARL Financial Services (CLONE) is not authorised to provide investment services in Ireland and is falsely claiming to be regulated by the CBI under reference...
- The CBI has identified specific scam touchpoints used by the clone, including the website larlfs.com and email domains larlfs-eu.com and larlfs.com, enabling firms to update internal watchlists and...
- The CBI has explicitly clarified that there is no connection whatsoever between the clone entity and the legitimate authorised firm LARL Financial Services Limited (C176004), thereby protecting the...
- The warning reiterates the CBI’s use of its Section 53 powers to publish the name of firms that either provide financial services without appropriate authorisation or hold themselves out as regulated...
Suggested Considerations
- Update internal sanctions, fraud, and high‑risk entity lists to include “LARL F.S / LARL Financial Services (CLONE)” and the domains larlfs.com and larlfs-eu.com, and block these from use in onboarding, payments, and trading systems.
- Conduct an immediate review of current and recent client files, leads, and referrals to identify any exposure to or interaction with the clone entity, and where found, assess whether suspicious transaction reports or fraud notifications are required under local AML and financial crime rules.
- Issue client communications or website notices, especially if your firm’s name is similar to LARL Financial Services, warning clients about clone scams, clarifying official contact points, and instructing clients never to rely on unsolicited contact or unverified email domains.
- Update fraud‑awareness and conduct‑risk training materials for staff to cover CBI warnings on clone firms, the specific red flags (misuse of legitimate authorisation numbers, mismatched contact details, unverified websites), and the internal process to verify a firm’s authorisation status.
- Review existing distribution and introducer agreements to ensure there is an explicit prohibition on counterparties using the firm’s name, logo, or authorisation details in any way that could facilitate cloning or misrepresentation of regulatory status.
Key Dates
- CBI publishes the Warning Notice naming “LARL F.S / LARL Financial Services (CLONE)” as an unauthorised firm under Section 53 of the Central Bank (Supervision and Enforcement) Act 2013 and confirms that it is not authorised to provide investment services in Ireland
Compliance Impact
Non‑compliance with expectations around verification of authorisation status, management of clone‑firm risk, and client protection could result in significant conduct‑risk events, potential regulatory scrutiny, civil claims from mis‑sold or defrauded clients, and reputational harm. Failure to detect or respond to interactions with known unauthorised firms may be viewed by the CBI as evidence of inadequate systems and controls in areas such as financial crime prevention and client onboarding.
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original CBI source
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Asset ManagerWealth ManagerBroker Dealer Warning: Unauthorised Investment Firm/ Investment Business Firm/Alternative Investment Firm Manager Unauthorised Firm Name Oristan Ireland Designated Activity Company (CLONE) Website • www.oristanirelanddac.com • https://oristanireland-dac.com/ • https://oristan-ire.com/ • https://oristanportal.com/ Email address used • info@oristanirelanddac.com • j.armstrong@oristanirelanddac.com • r.gorman@oristanirelanddac.com • r.gorman@oristan-ireland.com • glenmiller@oristanirelanddac.com Phone number(...
The Central Bank of Ireland (CBI) has issued a warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 regarding **“Oristan Ireland Designated Activity Company (CLONE)”**, an unauthorised firm falsely claiming to be the CBI‑authorised Oristan Ireland DAC and using multiple websites, emails, and Irish phone numbers to deceive consumers. This is part of a broader pattern of clone-firm scams targeting Irish and EU investors and requires compliance teams to tighten client‑onboarding, name‑screening, and website/email verification controls to prevent dealings with unauthorised entities.
What Changed
- - The CBI has formally identified “Oristan Ireland Designated Activity Company (CLONE)” as an unauthorised investment firm / investment business firm / alternative investment fund manager and...
- The CBI confirms that the clone firm is not authorised in Ireland to provide investment services, investment business services, or AIFM activities, despite using the name, address and CBI...
- The warning enumerates specific fraud infrastructure used by the clone: four domains (including “oristanirelanddac.com”, “oristan-ire.com” and “oristanportal.com”), multiple email addresses...
- The CBI explicitly clarifies there is no connection whatsoever between the legitimate authorised Oristan Ireland DAC and the clone entity or its websites.
- The firm’s name is published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, reinforcing the statutory basis for public warning notices against unauthorised firms.
Suggested Considerations
- Update internal unauthorised / fraud firm watchlists and screening tools to include “Oristan Ireland Designated Activity Company (CLONE)” and all associated domains, email addresses and phone numbers listed in the CBI notice.
- Implement or enhance name‑matching and clone‑detection controls in onboarding processes to distinguish between the legitimate Oristan Ireland DAC (as per the CBI register) and any entity using the clone websites or contacts.
- Review and adjust KYC/CDD procedures to ensure that unusual or mismatched email domains, websites, or phone numbers (particularly those not appearing on the CBI register or official corporate filings) trigger enhanced due diligence and formal second‑line review.
- Conduct a targeted communication and training for relationship managers, sales staff, call‑centre agents and client‑facing teams on the Oristan clone case and recent CBI clone‑firm warnings, with practical red‑flag indicators and escalation channels.
- Review current fraud‑risk and AML / financial crime frameworks to confirm that clone‑firm risks (including identity theft of authorised entities) are explicitly covered in risk assessments, controls, and monitoring scenarios.
Key Dates
– CBI warning notice published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 identifying Oristan Ireland Designated Activity Company (CLONE) as an unauthorised firm
Compliance Impact
Clone‑firm exposure engages both consumer protection / conduct risk and financial crime risk, and failure to detect or respond appropriately could lead to client losses, mis‑selling exposure, civil liability, and regulatory criticism for inadequate systems and controls. Given the pattern of CBI warnings, regulators are likely to expect demonstrable, risk‑based controls around verification of counterparties and claimed authorisations, making this a high‑priority enhancement area for compliance teams.
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original CBI source
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Asset ManagerBroker DealerWealth Manager Central Bank of Ireland has today (Friday 5 June 2026) published its Annual Report and Annual Performance Statement for 2025 . Speaking on publication of the report, Governor Gabriel Makhlouf said: “2025 was a year of significant uncertainty and adjustment. “Inflation across advanced economies continued to moderate from the highs experienced in previous years. In the euro area, we kept interest rates at levels necessary to ensure that inflation returns sustainably to our 2% target even as geo...
The Central Bank of Ireland (CBI) has published its 2025 Annual Report and Annual Performance Statement, signalling concrete shifts in supervisory approach, consumer protection expectations, and regulatory implementation priorities across digitalisation, financial crime and new EU regimes. For compliance teams in Irish‑authorised firms, this is effectively a roadmap of how CBI will supervise in 2026–2027: enhanced conduct standards under the modernised Consumer Protection Code, intensified focus on financial crime and digital risks (including AI), and more assertive enforcement capacity via a new dedicated prosecutions team.
What Changed
- - The modernised Consumer Protection Code entered into effect in 2025, updating the existing Irish conduct framework to reflect digital delivery of financial services and strengthen protections in...
- Requirements on informing consumers effectively were tightened, implying higher expectations on clear, fair, not misleading disclosures across digital and traditional channels, and more robust...
- New or enhanced obligations concerning consumers in vulnerable circumstances now apply, requiring firms to identify, record and respond to vulnerability and to embed vulnerability considerations into...
- Mortgage switching processes are subject to strengthened conduct standards, increasing expectations on how options are presented, how customers are supported to switch, and how potential conflicts or...
- Insurance auto‑renewal practices are now more tightly controlled, requiring clearer pre‑renewal information, active consent and controls to mitigate consumer detriment from inertia or unsuitable...
Suggested Considerations
- Map the modernised Consumer Protection Code requirements against existing policies, procedures and customer journeys to identify and remediate gaps, particularly in digital channels, disclosure, sales practices and complaints handling.
- Update vulnerable customer policies, customer‑facing procedures, training materials and systems flags to ensure systematic identification, recording and tailored treatment of consumers in vulnerable circumstances.
- Review mortgage switching processes and documentation to ensure customers receive clear, comparative information on switching options, are not subject to unreasonable barriers or retention tactics, and that conflicts of interest are controlled and documented.
- Conduct a comprehensive review of insurance auto‑renewal practices (including communications, timing, consent mechanisms and pricing) and implement changes to align with the strengthened consumer protection expectations.
- Strengthen fraud and scam prevention frameworks by enhancing customer education, warnings, authentication, monitoring, incident response and redress processes, with particular focus on online and mobile channels.
Key Dates
– CBI established a dedicated team to investigate and prosecute offences under financial services legislation
– The modernised Consumer Protection Code came into effect for Irish‑regulated firms
– CBI implemented its new supervisory approach centred on four safeguarding outcomes and reorganised into multi‑disciplinary supervisory teams
– CBI’s Innovation Sandbox focused on combatting financial crime, with seven projects selected on information sharing, identity verification and fraud prevention
– CBI published “Regulating & Supervising well – a more effective and efficient framework,” detailing its simplified and outcomes‑focused regulatory framework
Compliance Impact
Non‑compliance with the modernised Consumer Protection Code, new supervisory expectations, and EU‑level regimes such as MiCA, DORA and the EU AI Act can lead to administrative sanctions, reputational damage, and increasingly, investigation and prosecution by CBI’s dedicated enforcement team. Given the integrated, outcomes‑focused supervisory model, weaknesses in any of conduct, prudential, operational resilience or financial crime controls are more likely to trigger broad‑based supervisory interventions and enforcement scrutiny.
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BankAsset ManagerPayment Provider Warning: Unauthorised Investment Firm / Investment Business Firm Unauthorised Firm Name FTI Finance Limited (CLONE) Website • https://client.ftifinanceltd.com/auth/login • https://ftifinance-ltd.com/ • https://ftifinancelimited.com Email address used • support@ftifinancelimited.com • support@ftifinance-ltd.com Authorisation in Ireland FTI Finance Limited (CLONE) is not authorised to operate as an investment firm or investment business firm in Ireland. Additional Information This scam firm clo...
The Central Bank of Ireland (CBI) has issued a warning under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 in relation to **FTI Finance Limited (CLONE)**, an unauthorised investment firm / investment business firm using multiple websites and email domains to impersonate a legitimately authorised firm of the same name. The notice formally confirms that this entity is not authorised to provide investment services in Ireland and highlights a **clone scam** targeting investors, which requires immediate enhancement of client‑facing controls, due diligence, and fraud‑risk processes in all Ireland‑facing businesses.
What Changed
- - CBI has formally designated “FTI Finance Limited (CLONE)” as an unauthorised investment firm / investment business firm and published its details on the Central Bank’s unauthorised firms warning...
- The CBI explicitly clarifies that FTI Finance Limited (CLONE) is not authorised to operate as an investment firm or investment business firm in Ireland and therefore cannot legally provide MiFID‑type...
- The warning identifies specific websites associated with the clone entity that must be treated as high‑risk indicators in client and transaction screening:
-...
- The warning identifies specific email addresses used by the clone, which should be added to firms’ fraud and sanctions‑style screening lists:
- support@ftifinancelimited.com
-...
- CBI confirms that the scam entity has cloned the details of a CBI‑authorised firm of the same name, underscoring a continuing supervisory focus on clone firm scams and the expectation that regulated...
Suggested Considerations
- Screen existing and new customers against the details in the CBI warning and immediately block or enhance review of any relationships, communications, or transactions involving the listed websites or email domains linked to FTI Finance Limited (CLONE).
- Update internal fraud and financial crime watchlists to include the name “FTI Finance Limited (CLONE)” as well as the specific domains and email addresses identified in the CBI notice.
- Enhance customer‑facing verification processes to require staff to confirm the regulatory status of any firm claiming to be FTI Finance Limited against the CBI public register before onboarding, referral, or execution of transactions.
- Review and update client communications, investor education materials, and website FAQs to highlight the risks of clone firms, directing clients to verify authorisation using the CBI register and to consult CBI’s financial scams information.
- Train front‑office, call‑centre, compliance, and fraud‑operations staff on the characteristics of clone investment scams, including this specific case, and embed clear escalation procedures for suspected clone activity.
Key Dates
- CBI publishes the warning notice on FTI Finance Limited (CLONE) as an unauthorised investment firm / investment business firm under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
Failure to implement appropriate controls to prevent dealings with unauthorised or clone firms can expose regulated entities to CBI supervisory findings, enforcement action, and significant conduct risk, including client loss and litigation. The publication also raises financial crime and fraud‑risk expectations, so inadequate response may be treated as a failure of governance, customer due diligence, and consumer protection frameworks.
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Asset ManagerBankWealth Manager Warning: Unauthorised Banker Unauthorised Firm Name HSBC Continental Europe (CLONE) Website https://campaign.eligibility-advisorscorporate.com/ Telephone Number (01) 6214 2195 (07) 4313 0963 Email address used hsbc@corporate-dublin.com Authorisation in Ireland This scam entity cloned the name and details of a firm authorised by the Central Bank and has been seeking to pass itself off as the legitimate firm, HSBC Continental Europe, in order to deceive consumers. Additionally, the scam entity ...
The Central Bank of Ireland (CBI) has issued a warning notice (under section 53 of the Central Bank (Supervision and Enforcement) Act 2013) about a **clone “HSBC Continental Europe (CLONE)”** operating as an unauthorised banker and fraudulently using the CBI authorisation number of **Cowan Insurance Brokers Limited (CBI00001421)**. The case underscores heightened clone‑firm risk and obliges compliance, financial crime and customer‑facing teams to strengthen name‑screening, verification of authorisation numbers, and scam‑response procedures when dealing with references to HSBC, Cowan Insurance Brokers Limited, and similar high‑profile brands.
What Changed
- - The CBI has formally designated “HSBC Continental Europe (CLONE)” as an unauthorised banker / unauthorised firm and added it to its public unauthorised firms list.
- The CBI has identified and published the specific contact details associated with the scam entity, including the website `https://campaign.eligibility-advisorscorporate.com/`, Irish phone numbers...
- The publication confirms that the fraudulent entity has cloned both the name and details of HSBC Continental Europe and separately cloned the authorisation number CBI00001421, which belongs...
- The CBI expressly states there is no connection between Cowan Insurance Brokers Limited and the fraudulent entity, thereby clarifying that any use of that authorisation number in combination with the...
- The warning reiterates that any unauthorised provision of financial services that requires CBI authorisation is a criminal offence, reinforcing the enforcement stance seen across prior clone‑HSBC...
Suggested Considerations
- Update internal sanctions / fraud / negative‑news / watchlists to include “HSBC Continental Europe (CLONE)” together with the published website, phone numbers, and email address, and ensure these are blocked or escalated on detection.
- Implement or reinforce procedures to independently verify CBI authorisation numbers and firm details directly against the CBI registers, and ensure staff understand that cloned use of an otherwise valid authorisation number is a red‑flag indicator of fraud.
- Conduct an immediate targeted review of recent and pending client interactions, payments, and investment instructions to identify any exposure to the scam entity or its contact details, and escalate any hits to financial crime and legal teams.
- Deliver targeted staff training and reminders (particularly for front‑office, call‑centre, onboarding, and complaints teams) on clone‑firm typologies, including the use of legitimate authorisation numbers (e.g., CBI00001421) by fraudulent entities.
- Enhance customer‑facing communications, website warnings, and FAQs to highlight current CBI warnings about HSBC‑branded clones and to instruct customers always to verify firm details via the official CBI registers and not via links sent in emails or on unknown websites.
Key Dates
- CBI publishes the warning notice “HSBC Continental Europe (CLONE) – Central Bank of Ireland Issues Warning on Unauthorised Firm” under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
Failure to detect or appropriately respond to clone‑firm approaches could expose firms to customer loss, complaints, civil claims, and heightened CBI scrutiny regarding the adequacy of fraud, AML, and customer‑protection controls. For CBI‑authorised firms, weak controls around clone‑firm risk may be treated as a conduct and systems‑and‑controls deficiency with potential supervisory or enforcement consequences.
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original CBI source
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BankInsuranceAll Firms
Warning: Unauthorised Irish Collective Asset-Management Vehicle (ICAV) Unauthorised Firm Name Insight Investment Solutions ICAV (CLONE) Website Address https://investmentsolutionsfunds.eu/ Telephone Number 02890137409 Email Address info@insightinvestment.ie Authorisation in Ireland The Clone Firm is not authorised to provide financial services in Ireland. Additional Information The Clone Firm is using the name and Central Bank Registration Number of the legitimate Central Bank authorised Fund...
The Central Bank of Ireland (CBI) has issued a warning under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 against a **clone** entity using the name *Insight Investment Solutions ICAV (CLONE)*, fraudulently holding itself out as an authorised Irish Collective Asset-management Vehicle (ICAV). The scam firm is using the name and Central Bank registration number of the legitimate CBI‑authorised fund Insight Investment Solutions ICAV, with no connection between them, creating significant conduct, fraud‑risk, and client‑asset risks for firms that may be exposed via distribution, introductions, or client referrals.
What Changed
- - The CBI has formally designated *Insight Investment Solutions ICAV (CLONE)* as an unauthorised ICAV and publicly listed it as an unauthorised firm under section 53 of the Central Bank (Supervision...
- The CBI confirms the clone firm is not authorised to provide financial services in Ireland and is unlawfully using the name and Central Bank registration number of the legitimate ICAV to deceive...
- The warning explicitly clarifies that there is no connection whatsoever between the legitimate Central Bank authorised Insight Investment Solutions ICAV and the clone entity, which must now be...
- Contact details (website, telephone number, email) used by the clone are now identified by the CBI as fraudulent identifiers that should be incorporated into internal fraud and financial‑crime...
- The publication reinforces the CBI’s expectation that firms and the public report suspected unauthorised firms to the CBI and consult CBI public registers and scam guidance when verifying...
Suggested Considerations
- Update internal sanctions, fraud, and negative‑news screening lists and any “unauthorised firms” watchlists to include Insight Investment Solutions ICAV (CLONE) and its associated website, phone number, and email address.
- Instruct onboarding, KYC, and product‑approval teams to verify any reference to “Insight Investment Solutions ICAV” directly against the CBI registers, ensuring the Central Bank registration number and contact details match the legitimate authorised ICAV, not the clone.
- Implement or reinforce clone‑firm detection controls, including validation of firm names, registration numbers, URLs, emails, and phone numbers against official CBI (and other relevant NCA) registers before onboarding a fund, manager, or distributor.
- Circulate a targeted internal fraud/scam alert to front‑office, distribution, advisory, call‑centre, and client‑facing staff highlighting the existence of this specific clone, its identifiers, and the escalation process if approached.
- Review and, where necessary, update financial promotions and distribution due‑diligence procedures to require confirmation that any Irish ICAV referenced in marketing materials is directly verified on the CBI register and not accessed via unverified third‑party domains.
Key Dates
- CBI issues and publishes the warning notice identifying Insight Investment Solutions ICAV (CLONE) as an unauthorised ICAV and clarifying the absence of any connection with the legitimate authorised fund
Compliance Impact
Failure to detect and avoid dealing with clone firms exposes regulated entities to material risks of facilitating fraud, mis‑selling, customer losses, and serious breaches of consumer‑protection, financial‑crime, and authorisation rules. Regulatory consequences may include supervisory findings, enforcement action, civil claims from investors, and reputational damage where firms are found to have inadequate due‑diligence and verification controls.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerWealth ManagerBank Warning: Unauthorised Investment Firm / Investment Business Firm / Crypto-Asset Service Provider Unauthorised Firm Name AMOVA Asset Management Ireland Limited (Clone) Website https://amova-assets.com/ Email address used admin@amova-asset.com Authorisation in Ireland AMOVA Asset Management Ireland Limited (Clone) is not authorised to operate as an investment firm, investment business firm or provide crypto-asset services in Ireland. Additional Information This firm cloned the details of a legi...
On 03 June 2026, the Central Bank of Ireland (CBI) issued a Warning Notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 in relation to **AMOVA Asset Management Ireland Limited (Clone)**, highlighting it as an unauthorised **investment firm / investment business firm / crypto‑asset service provider** operating in Ireland. The entity has cloned the details of a legitimate CBI‑authorised firm of the same name, which materially heightens fraud, mis‑selling, and counterparty risk for regulated firms and their clients, and demands strengthened onboarding, name‑screening and fraud‑risk controls.
What Changed
- - The CBI has formally designated “AMOVA Asset Management Ireland Limited (Clone)” as an unauthorised investment firm, investment business firm and crypto‑asset service provider for the purposes of...
- The Warning Notice confirms that the clone entity is not authorised to operate in Ireland and must not be treated as a regulated counterparty or service provider.
- The CBI explicitly clarifies there is no connection whatsoever between the Central Bank‑authorised firm of the same name and the scam entity, reinforcing expectations for firms to distinguish between...
- The publication reiterates that the entity is using website and email details (including the domain amova‑assets.com and the email admin@amova‑asset.com) to approach consumers, which should be...
- By publishing the firm name under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, the CBI reinforces its ongoing supervisory focus on clone‑firm frauds and the expectation that...
Suggested Considerations
- Configure name‑screening tools, CRM systems and vendor/onboarding databases to flag “AMOVA Asset Management Ireland Limited”, “AMOVA Asset Management Ireland Limited (Clone)”, the website domain “amova‑assets.com” and the email “admin@amova‑asset.com” as high‑risk indicators requiring escalation.
- Implement controls to distinguish between the legitimate CBI‑authorised AMOVA firm and the clone, for example by storing verified legal entity identifiers (LEIs), company registration numbers, CBI authorisation numbers and official domains for the legitimate firm.
- Train relationship managers, advisers, client‑facing staff and call‑centre teams to recognise characteristics of clone‑firm scams, including cloned names, look‑alike websites and unsolicited approaches, using this warning and recent similar CBI notices as case studies.
- Review and, where necessary, strengthen client‑communication and investor‑education materials to explain the risk of clone firms, directing clients to the CBI’s public registers and warning notices to independently verify firm authorisation.
- Enhance fraud‑risk and financial crime risk assessments to explicitly include clone‑firm risks in the investment, wealth‑management, and crypto‑asset channels, and document how these risks are mitigated (e.g. screening, call‑back controls, domain verification).
Key Dates
- CBI issues the Warning Notice on AMOVA Asset Management Ireland Limited (Clone), formally confirming it is unauthorised to operate as an investment firm, investment business firm or to provide crypto‑asset services in Ireland, and publishing its details under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
Non‑compliance with these expectations does not directly breach a new rule, but materially increases exposure to fraud, mis‑selling and client detriment, which can lead to enforcement action under existing consumer protection, conduct‑of‑business, financial crime and governance rules if firms fail to prevent, detect, or respond appropriately to clone‑firm activity. The warning also signals heightened supervisory scrutiny; failure to integrate CBI Warning Notices into risk management and onboarding frameworks can be viewed as a weakness in systems and controls.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerWealth ManagerBroker Dealer Warning: Unauthorised Investment Firm / Investment Business Firm Unauthorised Firm Name Apel Investments trading name of Apel Financial Services Distribution (CLONE) Website(s) • https://apelinvestments.com • https://client.apelinvestments.com/register • https://client.apelinvestments.com/login • https://apelinvestments.com/metatrader/ • https://apelinvestments.com/webtrader/ Email address(es) used • support@apelinvestments.com • help@apelinvestments.com • claim@apelinvestments.com • sup@apel...
The Central Bank of Ireland (CBI) has issued a warning under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 against **Apel Investments**, a **clone** of authorised firm **APEL Financial Distribution Services Limited**, which is not authorised to provide investment or investment business services in Ireland. This highlights heightened expectations on regulated firms to strengthen client‑facing controls, fraud‑risk frameworks and screening processes to detect and respond to clone frauds and unauthorised investment activity.
What Changed
- - The CBI has formally listed Apel Investments (trading as Apel Financial Services Distribution) as an unauthorised investment firm / investment business firm that is not permitted to provide...
- The CBI confirms that Apel Investments is a clone of an authorised firm (APEL Financial Distribution Services Limited) and has been passing itself off as the legitimate firm to deceive consumers.
- The CBI explicitly states that there is no connection between the authorised firm and the unauthorised clone, clarifying that any services provided by Apel Investments are outside the regulated...
- The warning identifies specific websites and client portals (including trading platforms such as “metatrader” and “webtrader” paths) associated with the unauthorised firm, signalling that these URLs...
- The CBI lists multiple email addresses and phone numbers used by the unauthorised firm, effectively expanding the set of indicators firms should use in fraud‑monitoring, sanctions‑screening‑adjacent...
Suggested Considerations
- Review and update fraud‑risk, financial‑crime, and customer‑onboarding procedures to screen against the specific Apel Investments URLs, email addresses and phone numbers listed in the CBI warning.
- Update internal watchlists and case‑management systems to flag Apel Investments and associated identifiers as a known unauthorised clone entity and ensure alerts are generated where they appear in customer interactions or transaction narratives.
- Conduct a targeted review of recent and pending client complaints, queries and transaction patterns to identify any potential exposure of clients to Apel Investments or similarly named entities.
- Enhance staff training, particularly for front‑office, contact‑centre and complaints teams, to ensure they can recognise clone‑firm indicators and correctly advise customers about unauthorised firms and the CBI warning.
- For firms with similar names or branding, prepare clear customer communications and website notices that distinguish the authorised entity from any clone and direct clients to the CBI’s warning list and scam‑awareness materials.
Key Dates
- CBI issues the warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 in relation to Apel Investments (CLONE) as an unauthorised investment firm / investment business firm
Compliance Impact
The immediate regulatory risk from this particular notice is indirect, but failure to implement reasonable fraud‑prevention, perimeter‑breach detection and client‑protection controls in light of repeated CBI clone‑firm warnings can drive significant conduct, supervisory and reputational risk, including possible supervisory findings on governance, consumer protection and financial‑crime systems and controls. Firms that ignore such warnings face heightened exposure to client loss events, redress costs and intensive CBI scrutiny of their control environment.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerBroker DealerWealth Manager Warning: Unauthorised Investment Firm / Unauthorised Investment Business Firm Unauthorised Firm Name Euro Bonds Finder/Irish Rates Finder Website https://eurobondsfinder.com/ Authorisation in Ireland Euro Bonds Finder/Irish Rates Finder is not authorised as an investment business firm in Ireland. Notes: Any person wishing to contact the Central Bank with information regarding such firms / persons may telephone (01) 224 5800. For more information on how to protect yourself from financial scams...
The Central Bank of Ireland (CBI) has issued a Warning Notice, under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, identifying Euro Bonds Finder/Irish Rates Finder as an unauthorised investment firm/investment business firm and confirming it is not authorised in Ireland to provide investment services. This reinforces CBI’s ongoing focus on online “investment” and comparison-style offerings and requires regulated firms, intermediaries and distributors to ensure they do not engage with or refer clients to this entity and that their financial crime and fraud-detection controls recognise and block similar scams.
What Changed
- - The CBI has formally designated Euro Bonds Finder/Irish Rates Finder as an unauthorised investment firm/unauthorised investment business firm and added it to its public unauthorised firms list...
- The CBI has explicitly confirmed that Euro Bonds Finder/Irish Rates Finder is not authorised as an investment business firm in Ireland and therefore cannot legally provide investment services or...
- The warning clarifies that any dealings with Euro Bonds Finder/Irish Rates Finder fall outside the regulatory perimeter, meaning investors do not benefit from protections such as CBI conduct of...
- The publication reiterates CBI’s standing process for reporting suspected scams, including use of the dedicated phone line and the CBI’s online resources on financial scams, strengthening...
- By treating this firm in the same way as other comparison or “finder” style websites previously flagged by CBI (for example Rates Finder, EU Bonds and similar sites), the warning underscores an...
Suggested Considerations
- Screen all clients, counterparties, introducers, and third-party platforms against the CBI “Search Unauthorised Firms” list and ensure Euro Bonds Finder/Irish Rates Finder is included in internal watchlists and negative lists.
- Update internal fraud, scam, and financial crime typology libraries to include Euro Bonds Finder/Irish Rates Finder and similar bond/rate “finder” or comparison-website investment scams, including indicators such as online forms capturing investor details and subsequent unsolicited calls or emails.
- Instruct relationship managers, advisory staff, and customer service teams not to refer clients to, or accept referrals from, Euro Bonds Finder/Irish Rates Finder and to escalate any client reports of contact with this firm via internal suspicious activity or fraud reporting channels.
- Enhance transaction monitoring and payment screening rules to flag and review attempted transfers to payment accounts or beneficiaries linked to Euro Bonds Finder/Irish Rates Finder or similar unauthorised online investment schemes.
- Review marketing, distribution, and partnerships to ensure no white-labelling, lead-sharing, affiliate, or referral arrangements exist, directly or indirectly, with Euro Bonds Finder/Irish Rates Finder or comparable unauthorised comparison/investment platforms.
Key Dates
– CBI issues a prior warning notice on an analogous unauthorised comparison website, Rates Finder, highlighting the “comparison website scam” model
– CBI issues a warning on EU Bonds, another unauthorised investment firm, further signalling its focus on online bond and rate “finder” scams
– CBI publishes the Warning Notice on Euro Bonds Finder/Irish Rates Finder as an unauthorised investment firm/investment business firm under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
The compliance impact is high, because dealings with unauthorised firms can expose regulated entities to regulatory enforcement for conduct, financial crime failings, and failures in due diligence on third parties and referrals, in addition to customer detriment and reputational damage. Firms that ignore CBI warnings or fail to adapt their controls to identified scam typologies risk scrutiny in supervisory reviews and potential enforcement action.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerWealth ManagerBank Warning: Unauthorised Investment Firm / Investment Business Firm Unauthorised Firm Name Research Vision Limited (CLONE) Website address www.researchvision.com Email addresses used michael.parker@researchvision.com info@researchvision.com privacy@researchvision.com trading@researchvision.com client.services@researchvision.com Telephone Numbers +44 2070978261 +44 2070978260 +44 7403934849 Authorisation in Ireland Research Vision Limited (CLONE) is not authorised to operate as an investment busi...
CBI has publicly identified **Research Vision Limited (CLONE)** as an unauthorised investment firm operating in Ireland and using cloned details of a legitimate FCA-authorised entity. This matters because clone-firm scams typically rely on identity theft, false contact details, and urgency tactics to induce transfers or account opening, making them a direct financial crime and consumer-protection risk for regulated firms.
What Changed
- - CBI has designated Research Vision Limited (CLONE) as an unauthorised investment business firm / investment firm in Ireland.
- CBI states the entity is not authorised to operate as an investment business firm or investment firm in Ireland.
- CBI confirms the scam firm cloned the details of a legitimate FCA-authorised firm and that there is no connection between the legitimate firm and the fraudulent entity.
- CBI has published the firm’s website, email addresses, and telephone numbers to support detection and consumer screening.
- The warning notice is published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013.
Suggested Considerations
- Screen all incoming client and counterparty requests for the name Research Vision Limited, the website www.researchvision.com, the listed email addresses, and the listed phone numbers before any engagement or transfer is accepted.
- Verify authorisation independently using the relevant regulator’s official register rather than relying on contact details provided by the counterparty.
- Escalate any approach using cloned credentials to fraud, AML, and legal teams immediately and treat it as potential impersonation fraud.
- Block or delay transactions where payment instructions, onboarding details, or communications reference the warning-listed domain or telephone numbers until authenticity is confirmed.
- Update adverse media and scam-monitoring controls to capture CBI warning notices involving clone firms and cross-border impersonation cases.
Key Dates
- CBI issued the warning notice identifying Research Vision Limited (CLONE) as an unauthorised firm in Ireland
Compliance Impact
The severity is high because clone-firm activity can lead to client loss, misdirected payments, AML exposure, and regulatory scrutiny if a firm fails to detect or respond to the impersonation risk. Non-compliance can also create consumer harm and reputational damage, especially where the firm’s controls fail to identify a publicly warned unauthorised entity.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerBroker DealerAll Firms
Warning: Unauthorised Investment Firm / Investment Business Firm Unauthorised Firm Name Compare Bonds Ltd Website http://www.comparebondrates.eu/ Email address used info@bondratecompare.com Authorisation in Ireland Compare Bonds Ltd is not authorised to operate as an investment business firm or investment firm in Ireland. Notes: Any person wishing to contact the Central Bank with information regarding such firms / persons may telephone (01) 224 5800 or report an unauthorised firm directly to ...
The Central Bank of Ireland (CBI) has issued a warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 in respect of **Compare Bonds Ltd**, confirming it is **not authorised** to operate as an investment business firm or investment firm in Ireland. This reinforces firms’ obligations to perform robust regulatory status checks on any “comparison” or “bond rate” intermediaries and to strengthen fraud‑prevention controls around introduction, referral and distribution channels.
What Changed
- - The CBI has added Compare Bonds Ltd to its public list of unauthorised firms under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, confirming it is not authorised to operate...
- The warning identifies specific digital identifiers associated with the unauthorised firm, including the website `http://www.comparebondrates.eu/` and the email domain `bondratecompare.com`, which...
- The publication continues the CBI’s recent thematic focus on “comparison website” style investment scams, following earlier warnings on entities such as Bond Rate Compare / Compare Bonds Ltd, EU...
- The notice reiterates that the CBI operates a central reporting channel for unauthorised firms, including a dedicated telephone line and online reporting facility, underscoring expectations that...
- The warning is an enforcement‑related action aimed at investor protection and market integrity, signalling that regulated firms must not treat introductions, leads or referrals from Compare Bonds Ltd...
Suggested Considerations
- Screen all existing and prospective introducers, lead generators, comparison sites and affiliates against the CBI’s unauthorised firms list, and immediately block or off‑board any relationship linked to Compare Bonds Ltd, Bond Rate Compare or the domains and websites identified.
- Update internal fraud‑risk, KYC and onboarding procedures to include explicit checks for CBI unauthorised‑firm warnings for any third party that sources or routes investment or deposit business, especially where “comparison”, “bond”, “EU rates” or similar branding is used.
- Instruct front‑office, sales and relationship‑management staff not to accept introductions, leads or client referrals from Compare Bonds Ltd or any entity using the websites or email domains cited in the CBI warning.
- Enhance transaction‑monitoring and case‑management workflows to flag and investigate payments, transfers or instructions referencing Compare Bonds Ltd, comparebondrates.eu, bondratecompare.com, or similarly branded entities previously named in CBI warnings.
- Review and, where necessary, update customer‑facing scam warnings and disclosures (websites, apps, terms, and client communications) to highlight the risk of “comparison website” investment scams and to direct customers to the CBI’s unauthorised firm register.
Key Dates
– CBI previously issued a warning regarding Bond Rate Compare / Compare Bonds Ltd as an unauthorised investment firm / investment business firm
– CBI publishes the current warning notice confirming Compare Bonds Ltd is an unauthorised firm and disclosing associated website and contact details
Compliance Impact
Failure to identify and disengage from unauthorised comparison‑style entities like Compare Bonds Ltd exposes firms to significant conduct, enforcement and reputational risk, particularly where customers suffer losses via scams linked to the firm’s products or brand. The CBI’s ongoing pattern of warnings indicates elevated supervisory sensitivity to distribution controls, meaning lapses could contribute to findings in conduct or enforcement reviews.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
BankBroker DealerWealth Manager Warning: Unauthorised Banking Business / Unauthorised Payment Services Unauthorised Firm Name Fire Financial Services Limited (CLONE) Website Addresses used • www.financeportfolio.net • www.fire.com.de • www.centralbank.ie.de • www.revenue.ie.de • www.department-of-finance.ie.de Email address used • accounts@compliance-fire.com • fire-support@fire.com.de • fire.support@fire.com.de • support@fire.com.de • fire-eu@fire.com.de • fire@fire.com.de • info@fire.com.de • fireservices@fire.com.de Tele...
The Central Bank of Ireland (CBI) has issued a warning under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 about a **clone fraud** entity using the name **Fire Financial Services Limited (CLONE)** and multiple deceptive websites, emails, and phone numbers to conduct unauthorised banking business, payment services, and inheritance scams in Ireland. This notice reinforces existing obligations on regulated firms to monitor and respond to misuse of their identity, enhance scam‑prevention controls, and ensure staff and customers can distinguish between genuine and clone communications.
What Changed
- - CBI has formally identified Fire Financial Services Limited (CLONE) as an unauthorised entity that is not authorised to provide banking business or payment services in Ireland and is misusing the...
- CBI has published specific fraud indicators associated with this clone, including website domains (e.g.
- The warning explicitly states that the clone firm appears to be running an inheritance scam, including the use of fake documentation allegedly from third parties, which should be treated as a red...
- CBI reiterates that there is no connection between the legitimate authorised Fire Financial Services Limited (C58301) and this fraudulent entity, thereby clarifying the status of the genuine firm and...
- The firm’s name is formally published on CBI’s list of unauthorised firms under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, increasing regulatory expectation that firms...
Suggested Considerations
- Review and update internal fraud‑risk and financial crime risk assessments to explicitly cover clone‑firm risks, including inheritance scams and impersonation of authorised entities.
- Integrate the specific domains, email addresses, and phone numbers listed in the CBI notice into fraud‑monitoring tools, allow‑/block‑lists, and case‑management systems, and ensure they are treated as high‑risk indicators.
- Ensure front‑line, call‑centre, and relationship‑management staff receive targeted training and briefing on this specific clone case and on common clone‑firm red flags, including requests related to inheritance payments and use of unofficial domains.
- Enhance onboarding and counterparty due diligence procedures to include systematic checks against the CBI “unauthorised firms” list and the CBI public registers, especially where firms claim Irish regulation or use names similar to existing authorised firms.
- Update third‑party and introducer due diligence controls to verify that any firm referring business or presenting as an intermediary is properly authorised and not listed as unauthorised under section 53 of the Central Bank (Supervision and Enforcement) Act 2013.
Key Dates
- CBI issues and publishes the warning notice identifying Fire Financial Services Limited (CLONE) as an unauthorised firm and clone of the legitimate Fire Financial Services Limited (C58301), and lists it under section 53 of the Central Bank (Supervision and Enforcement) Act 2013
Compliance Impact
Non‑compliance primarily manifests through failures in fraud‑risk management and consumer‑protection controls, potentially leading to regulatory scrutiny, enforcement action, and serious reputational damage if customers suffer losses via clone firms that the institution did not adequately warn about or guard against. Failure to identify and avoid dealings with unauthorised entities can also raise questions about a firm’s governance, due diligence, and adherence to CBI expectations under the Central Bank’s supervisory and enforcement framework.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
BankFintechPayment Provider Introduction Good morning – I am delighted to be here, and many thanks to Brian and the BPFI for hosting us. 1 I very much look forward to the discussion, and to hearing from you all today, but before I do I would like to set out some reflections on a number of topics which are currently high on the regulatory agenda. While the discussion is multifaceted, and tied up with a regulatory cycle which has turned, an economic one which has become more challenging, not to mention a renewed focus by ...
All Firms
Safeguarding Financial Integrity – Central Bank of Ireland’s Approach to Financial Crime Prevention Thank you for the invitation to speak at today’s event. This is an important opportunity for us to engage and share our experiences and approaches to deal with the global challenges and issues we are facing in financial crime. Change, instability, flux, unpredictability - all words that I guarantee you will hear on multiple occasions throughout the day’s events. I will not be any different. We ...
Bank
Good morning. Brendan, thank you for the warm introduction. It is a pleasure to join you at the ILCU Internal Audit Services Conference. I also want to thank Barry Harrington for the invitation to address you here today. 1 When I addressed the ILCU Annual Conference last April, I spoke about a time of transformative change for credit unions, a period that would bring both significant opportunities and important challenges. 2 One year on, we can see that transformation taking shape. A revised ...
All Firms
Warning: Unauthorised Investment Firm / Unauthorised Investment Business Firm / Unauthorised Irish Collective Asset-Management Vehicle (ICAV) Unauthorised Firm Name Clarus IV ICAV (CLONE) Website https://www.clarusiv.com/ Email addresses used enquiries@clarusiv.com accounts@clarusiv.com michael.granger@clarusiv.com Phone number used +353 1525 9660 Authorisation in Ireland Clarus IV ICAV (Clone) is not authorised to provide investment services in Ireland. Additional Information This firm clone...
The Central Bank of Ireland (CBI) has issued a warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 regarding **Clarus IV ICAV (CLONE)**, an unauthorised entity cloning a legitimate authorised ICAV to perpetrate investment scams. This matters for compliance professionals as it underscores rising clone firm risks in Ireland's investment sector, requiring vigilance to protect clients and avoid facilitation of scams.
What Changed
This is not a regulatory change but a specific enforcement action publishing details of an unauthorised clone firm. It highlights no new requirements but reinforces existing obligations under Irish law to verify firm authorisation before engaging in investment services, with the CBI actively using public warnings to combat scams.
Suggested Considerations
- Client communications: Issue alerts on clone risks and direct to CBI scam protection resources (www.centralbank.ie/financialscams).
- Internal screening: Update compliance systems to flag clone indicators (e.g., similar names, cloned authorisation details); report suspicions to CBI at (01) 224 5800.
- Legitimate firms: Publicly disavow any connection if cloned, as emphasised by CBI.
Key Dates
- CBI publishes warning notice on Clarus IV ICAV (CLONE)
Compliance Impact
Urgency: Medium - Immediate for client-facing activities due to active scam using Irish phone numbers and domains, but not a new rule change; matters to prevent regulatory scrutiny for inadequate due diligence or client harm under conduct and authorisation rules. Recent pattern of ICAV clones (e.g., Parus ICAV on 08 April 2026, Red Arc on 10 April 2026) signals heightened scam activity, elevating ongoing monitoring needs.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerAll Firms
Warning: Unauthorised Retail Credit Firm Unauthorised Firm Name Finance Advice Help Website Financeadvicehelp.com Email address used contact@financeadvicehelp.com Authorisation in Ireland Finance Advice Help is not authorised to provide retail credit services in Ireland. Notes: Any person wishing to contact the Central Bank with information regarding such firms / persons may telephone (01) 224 5800 or report an unauthorised firm directly to the Central Bank . For more information on how to pr...
The Central Bank of Ireland (CBI) has issued a warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, identifying "Finance Advice Help" (website: financeadvicehelp.com; email: contact@financeadvicehelp.com) as an unauthorised firm providing retail credit services in Ireland. This matters for compliance professionals as it underscores CBI's proactive enforcement against unauthorised entities, heightening risks of consumer scams and potential liability for authorised firms if clients inadvertently engage with clones or similar frauds.[Source URL: https://www.centralbank.ie/news/article/finance-advice-help--central-bank-of-ireland-issues-warning-on-unauthorised-firm]
What Changed
This is not a regulatory change but an enforcement action via a public warning notice. It reinforces existing requirements under the Central Bank (Supervision and Enforcement) Act 2013 (section 53), which empowers CBI to publish names of unauthorised firms offering regulated services like retail credit. No new rules are introduced; it signals ongoing vigilance against unauthorised retail credit providers.[Source URL: https://www.centralbank.ie/news/article/finance-advice-help--central-bank-of-ireland-issues-warning-on-unauthorised-firm]
Suggested Considerations
- Verify firm status: Use CBI's unauthorised firms search tool before engaging with any retail credit provider (https://www.centralbank.ie/regulation/how-we-regulate/authorisation/unauthorised-firms/search-unauthorised-firms).
- Report suspicions: Contact CBI at (01) 224 5800 or via direct reporting portal for any dealings with Finance Advice Help or similar entities.[Source URL: https://www.centralbank.ie/news/article/finance-advice-help--central-bank-of-ireland-issues-warning-on-unauthorised-firm]
- Educate clients/staff: Disseminate scam protection guidance from www.centralbank.ie/financialscams; implement "SAFE test" for verification.[Source URL: https://www.centralbank.ie/news/article/finance-advice-help--central-bank-of-ireland-issues-warning-on-unauthorised-firm]
- Monitor clones: Screen for impersonation risks, as seen in related warnings (e.g., Shamrock Lend clone).
Key Dates
Publication date of warning notice; Immediate public alert on unauthorised status of Finance Advice Help.[Source URL: https://www.centralbank.ie/news/article/finance-advice-help--central-bank-of-ireland-issues-warning-on-unauthorised-firm]
Compliance Impact
Urgency: Medium – This is a routine CBI warning (one of many in 2025-2026), not targeting authorised firms directly, but it elevates consumer protection and conduct risks. Firms must act promptly to update internal alerts and client advisories to mitigate reputational harm, regulatory scrutiny, or indirect liability from scam exposures; failure could trigger CBI inquiries under conduct rules.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
BankFintechAll Firms
Fisher Investments Ireland Limited (CLONE) - Central Bank of Ireland Issues Warning on Unauthorised Firm
BankWealth ManagerAsset Manager
Damac Trade (Clone) - Central Bank of Ireland Issues Warning on Unauthorised Firm
BankWealth ManagerFintech
Good morning everyone. It is a pleasure to join you today at the Abbey Theatre. We are here, of course, to launch a commemorative coin to honour Seán O’Casey, one of Ireland’s most important literary figures, and one whose voice continues to resonate profoundly, both in Ireland and internationally. I am delighted to welcome Shivaun O’Casey, Seán O’Casey’s daughter. It is particularly fitting to mark this occasion in her presence. Thank you to the Abbey Theatre for hosting us here today, a pla...
BankWealth ManagerAsset Manager
Naperte Designated Activity Company (CLONE) - Central Bank of Ireland issues warning about unauthorised firm
BankWealth ManagerAll Firms
Stalwart Investments Limited (Clone) - Central Bank of Ireland Issues Warning on Unauthorised Firm
BankFintechAll Firms
Capital Horizon Loans (Clone) - Central Bank of Ireland Issues Warning on Unauthorised Firm
BankFintechAll Firms
DEV Limited (CLONE) - Central Bank of Ireland Issues Warning on Unauthorised Firm
BankFintech
No description available.
Asset ManagerBankWealth Manager
No description available.
Asset ManagerBankWealth Manager
EPC Finance Limited - Central Bank of Ireland Issues Warning on Unauthorised Firm
BankWealth ManagerFintech
No description available.
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The Central Bank of Ireland has fined Coinbase Europe Limited €21,464,734 for breaching its anti-money laundering and counter terrorist financing transaction monitoring obligations between 2021 and 2025. The Central Bank of Ireland (the Central Bank) has fined Coinbase Europe Limited (Coinbase Europe) €21,464,734 for breaching its anti-money laundering (AML) and combatting terrorist financing (CFT) obligations with respect to transaction monitoring as required by the Criminal Justice (Money L...
The Central Bank of Ireland (CBI) fined Coinbase Europe Limited €21,464,734 for AML/CFT transaction monitoring failures under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA 2010), involving over 30 million unmonitored transactions worth €176 billion from April 2021 to March 2025. This marks CBI's first enforcement against a crypto firm, highlighting regulators' focus on robust real-time monitoring and timely Suspicious Transaction Reporting (STR) for virtual asset service providers (VASPs). It matters as it sets a precedent for EU crypto compliance amid MiCA and AMLA implementation, signaling increased scrutiny and potential multimillion-euro penalties for similar lapses.
What Changed
This is an enforcement action, not new legislation, but it reinforces existing CJA 2010 requirements for VASPs: ongoing transaction monitoring, immediate STR filing to the Financial Intelligence Unit (FIU) and Revenue Commissioners upon suspicion of money laundering or terrorist financing, and adoption of internal policies/controls to prevent/detect financial crime.
Suggested Considerations
- Conduct Gap Analysis: Review transaction monitoring systems for configuration errors, back-testing historical data, and ensuring 100% coverage of high-risk transactions.
- Enhance Controls: Implement robust internal policies, automated alerts, and governance to detect/prevent ML/TF; test systems regularly for faults affecting >1% of volume.
- Accelerate STR Processes: Ensure real-time suspicion flagging and filing; remediate delays via prioritized back-monitoring with FIU coordination.
- Board/Compliance Reporting: Document remediation plans, as Coinbase did, and prepare for audits/enforcement; train staff on VASP-specific risks under MiCA/AMLA.
- Third-Party Review: Engage independent auditors to validate fixes, mirroring Coinbase's post-error cooperation.
Key Dates
19 March 2025; Period of breaches, including 12-month window of unmonitored €176 billion transactions
Settlement reached between CBI and Coinbase Europe
CBI public announcement and Settlement Notice published
High Court confirmed sanctions, making them final and effective
Compliance Impact
Urgency: High – This establishes a €21.5m benchmark for VASP monitoring failures in the EU, with risks amplified by MiCA (effective 2024) and AMLA (2025 onward), where national regulators like CBI will enforce harmonized rules. Firms risk similar fines (30% settlement discount possible), reputational damage, and operational restrictions if unmonitored volumes exceed 1-5%; immediate reviews are essential given CBI's precedent and cross-EU applicability.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
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I’d like to thank Insurance Ireland and Milliman for inviting me here today for this Chief Risk Officer (CRO) Forum. I’d like to use this opportunity to briefly reflect on the recent turmoil we’ve seen in the banking sector, what this might mean for (re)insurers, and to highlight some of our supervisory priorities going forward. Much commentary has already been devoted to the fallout from SVB and Signature Bank in the US, and to the acquisition of Credit Suisse by UBS. Whilst the exposure of ...
BankInsurance
Introduction Good morning everyone. Thank you for inviting me to speak here today. Before I begin, I’d like to acknowledge the important role played by Financial Services Ireland in advocating for its members, and in promoting the Irish financial services sector, both here and abroad. Whilst the respective missions we undertake are undoubtedly different, we have a shared interest in a strong and stable financial services sector. It is claimed that the phrase “may you live in interesting times...
Insurance
It has come to the attention of the Central Bank that a scam entity by the name SEI Investment (United States, Ireland), formerly operating the fraudulent clone website www.seiinvestment.com, has been claiming to be an investment firm / investment business firm in the absence of appropriate authorisations. In this instance, the scam entity cloned details and website content of the legitimate firm, SEI Investments (www.seic.com), in order to deceive consumers. The legitimate firm was proactive...
The Central Bank of Ireland (CBI) issued a warning on 26 September 2022 about a fraudulent entity named "SEI Investment (United States, Ireland)" that cloned the legitimate authorised firm SEI Investments (www.seic.com) via the fake website www.seiinvestment.com to deceive consumers into unauthorised investment services. This matters because it highlights the rising threat of clone firm scams, which impersonate authorised entities using stolen details like names, addresses, and authorisation numbers, exposing firms to reputational risk and consumers to financial loss without Investor Compensation Scheme protection. Authorised firms must remain vigilant in monitoring for clones and reporting them promptly, as demonstrated by SEI Investments' proactive response that led to the site's deactivation in February 2022.
What Changed
This is not a regulatory change or new requirement but a public enforcement warning under Section 53 of the Central Bank (Supervision and Enforcement) Act 2013, emphasising ongoing enforcement against unauthorised firms providing regulated financial services, which is a criminal offence. It reinforces consumer protection guidance without introducing new rules, but signals CBI's heightened focus on clone firm frauds, as seen in similar warnings (e.g., The Capital Holdings clone, Bank of Ireland clones).
Suggested Considerations
- Monitor for clones: Regularly search for impersonations of your firm's name, website, authorisation numbers, LEI, CRO, or address; report suspicions to CBI at (01) 224 4000.
- Client communications: Advise clients to always access CBI Register directly from www.centralbank.ie (not via email/website links), double-check URLs/phone numbers, verify products on legitimate sites, and apply the SAFE test for unsolicited contacts.
- Internal processes: Update fraud awareness training, client onboarding checks, and surveillance for clone activity; emulate SEI Investments by proactively notifying authorities.
- Public reporting: Encourage staff/clients to report unauthorised activity via CBI hotline or Search Unauthorised Firms page.
Key Dates
- Fraudulent clone website www.seiinvestment.com deactivated following legitimate firm's report
- CBI issues warning notice on SEI Investment clone
Compliance Impact
Urgency: Medium – Not critical as the specific clone site was deactivated in 2022, but medium due to persistent clone fraud trend evidenced by ongoing CBI warnings into 2026 (e.g., BW Financial Services clone in August 2025, Stalwart Investments clone in March 2026). Matters for authorised firms as it underscores reputational, operational resilience, and consumer protection obligations under CBI's supervisory framework; unaddressed clones can lead to client complaints, enforcement scrutiny, or compensation claims if mis-sold products are linked back erroneously.
AI-generated analysis. May contain errors or omissions — verify with the
original CBI source
before acting. Full disclaimer.
Asset ManagerWealth ManagerBank Introduction Good morning, and thank you for attending our Insurance Industry Event, the second of these which we’ve held virtually. Hopefully, as the vaccine rollout continues and restrictions are eased, there won’t have to be a third! The COVID 19 crisis has brought about a significant amount of change to all of our personal and professional lives, and with it has provided the opportunity to reflect on what is important, and where our priorities should lie. With this in mind, I would like t...
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Opening remarks at the 2020 Insurance Industry Briefing Good morning everyone. I would like to thank you for attending today’s industry briefing. In my remarks this morning, I will take this opportunity to touch on: the role that insurance can play in society; some of the reasons why the industry in Ireland is negatively perceived; and the areas of supervisory focus for the Central Bank moving forward. 2020 has been an unprecedented year in so many respects and the emergence of COVID-19 has a...
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