Global Investor Alerts

Public Warning – Consumer Alert!

ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group)

DO NOT PAY!!

Financial Authorities have issued a public warning or consumer alert against ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group) and/or Global Investor Alerts received information that ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group) is cold-calling potential investors offering unauthorized or illegal financial services.

We strongly advise you not to use the financial services of ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group), nor the financial or supporting services of its affiliates (transfer agents, escrow agents, etc.), or to pay any money to the companies it designates for settlement.

Do you have more info about ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group) contact us.

Would you like assistance with filing a claim?

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ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group)
  

ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group) financial authorities warnings & registrations:
warning FCA UK

ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group)

Warnings Published: 16/03/2017 Last updated: 16/03/2017
Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’.

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.

This is what we call a 'clone firm'; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the 'firm reference number' (FRN) we have given the authorised firm or other details.

You can find out more about this scam tactic and how to protect yourself from clone firms.

Clone firm details
Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group)

Address: 5 North Colonnade, Canary Wharf , London, E14 4BB (cloning address of Barclays Capital Securities Limited)

Telephone: 02071933793

Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.

Genuine firm details
This genuine firm that fraudsters are claiming to work for has no association with the ‘clone firm’. Its correct details are:

Firm name: ABSA Bank Limited (believed to be a generic clone of the ABSA Bank brand, not any specific legal entity)

Head Office Address: 7th Floor, Barclays Tower West, 15 Troye Street, Johannesburg, 21001

Website: www.absa.co.za

How to protect yourself
We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register (link is external).

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

There are more steps you should take to avoid scams and unauthorised firms.

You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service (link is external) or Financial Services Compensation Scheme (link is external) (FSCS) if things go wrong.

Report a clone firm
If you think you have been approached by an unauthorised or clone firm, or contacted about a scam, you should contact us. If you were offered, bought or sold shares, you can use our reporting form.

What to do if your firm is cloned
If you think your authorised firm has been cloned or scammers are fraudulently using your name or other details, contact our Firm Helpline on 0300 500 0597.


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ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group) remark(s):


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ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group) office(s):
5 North Colonnade, Canary Wharf , London, E14 4BB (cloning address of Barclays Capital Securities Limited)

Telephone: 02071933793

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ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group) email address(es):



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ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group) securities:


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