FCA issues warning on broker clone

warning2

The Financial Conduct Authority (FCA) has published a warning about Blue Insurance UK which it described as a “clone firm” operating on an unauthorised basis.

The regulator stated in a warning note: “Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm.”

Tactic
The watchdog continued: “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

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: