Comgestrade (CLONE) - Central Bank of Ireland Issues Warning on Unauthorised Firm
AI Analysis
The CBI warned that **Comgestrade (CLONE)** is an unauthorised investment firm operating in Ireland and impersonating a legitimate authorised firm. This matters because clone-firm activity can expose consumers, counterparties, and regulated firms to fraud, misdirection, reputational harm, and potential onboarding or distribution failures if verification controls are weak.
Key dates
- 05 August 2026
- - The Central Bank of Ireland publishes the warning notice on **Comgestrade (CLONE)** and states that it is not authorised to provide investment services in Ireland
Suggested considerations
- Update fraud controls to flag clone-firm indicators, including impersonated names, copied addresses, and use of near-identical trading names. - Train frontline, onboarding, and complaints teams to treat unauthorised-firm warning notices as red flags requiring escalation and enhanced verification.
- Escalate suspected impersonation attempts to fraud, legal, and compliance teams immediately and preserve evidence of domains, emails, and communications for investigation. #
What changed
- - The CBI has formally identified Comgestrade (CLONE) as an unauthorised provider of investment services in Ireland.
- The CBI says the entity is using the website comgestrade.com and email support@comgestrade.com as part of the unauthorised activity.
- The CBI states that the entity cloned the identity of Comgest Asset Management International Limited (CAMIL) to mislead consumers.
- The CBI confirms there is no connection between the authorised firm and the fraudulent entity.
- The warning notice has been published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, which places the matter in the formal public-warning framework used for unauthorised firms.
Compliance impact
The impact is high because clone-firm schemes can bypass superficial due diligence and lead to consumer harm, fraudulent transactions, and reputational damage for any regulated firm that fails to detect impersonation. Non-compliance is most likely to arise through weak verification, poor scam controls, or failure to act on a public warning notice, which can also expose firms to supervisory critici
Who is affected
References
- [1] centralbank.ie third-party
- [2] centralbank.ie third-party
- [3] centralbank.ie third-party
- [4] centralbank.ie third-party
- [5] cnmv.es third-party
- [6] edit.centralbank.ie third-party
- [7] iosco.org third-party
- [8] finanstilsynet.no third-party
- [9] centralbank.ie third-party
- [10] investment-international.com third-party
AI-generated analysis. May contain errors or omissions — verify with the original CBI source before acting. Full disclaimer.
What the CBI said
Warning: Unauthorised Investment Firm / Unauthorised Investment Business Firm Unauthorised Firm Name Comgestrade (CLONE) Website address https://comgestrade.com Email address used support@comgestrade.com Authorisation in Ireland This firm is not authorised to provide investment services in Ireland. Additional…
Extract from CBI . Read the full notice at the source for the authoritative text.