We’ve recently become aware of several websites for fake companies imitating our brands, offering bonds and other investments with attractive high rates of return. Investing in any of their products will mean that you will not have any protection and will most likely lose your investment.
At times where rates of return are very low these offers can appear tempting, so remember: if it looks too good to be true, it probably is.
Once you have made contact, they will then appear to be legitimate by asking for identification in line with anti-money laundering requirements – which opens up the risk of having your identity stolen.
Our businesses work with law enforcement and the Financial Conduct Authority (FCA) to remove sites and close down criminal operations – but it’s worth remembering that many criminals are capable of setting up new domains very quickly.
Some common things to look out for are:
It’s also worth remembering that these sites can be reached through searching online, as well as directly. The criminals behind the fake websites pay for adverts on Google and other search engines, and we have also had reports of fake comparison websites being set up to hook people in.
We have established processes and measures in place to manage activities like this and protect our clients, customers and shareholders. If you have any concerns, find out more about what you can do to stay safe online.
Copyright © abrdn plc 2021. All rights reserved.
abrdn plc is registered in Scotland (SC286832) at 1 George Street, Edinburgh, EH2 2LL