Investor Alert & Third Party Fraud
It has come to the attention of abrdn Asia Limited (“the Company”) that the current and previous names and brand identities of the Company (formerly known as Aberdeen Standard Investments (Asia) Limited) and its products are being used illegally by unauthorized third parties on their websites, social media, and social media messaging platforms to solicit investments.
We would like to advise members of the public to be wary of websites or individuals purporting to be the Company’s representatives and offering fake investment opportunities online, through social media, or through social media messaging platforms. The Company has absolutely no affiliation with the above mentioned parties. Our products are only sold to the general public via our appointed third party distributors which are regulated and licensed by local authorities to engage in such distribution activities. If you would like to invest or require financial advice, please get in touch with our appointed distributors, details of which can be found on our website under ‘How to invest’. We continue to report these incidents to the relevant local regulators and authorities as appropriate.
If you have received communications via telephone, text messages, WhatsApp, Facebook messenger, Facebook sponsored post, or a Facebook page, do not continue the conversation. Our products and services are not offered in this way. Any third party making such offers has no links with the Company. These are attempts at fraud – the investments being offered will either not exist or in fact be worthless.
The Company will not be responsible for any losses that may result from any members of the public who invest via the aforementioned unauthorized third parties. The Company reserves the right to take legal action against any parties that infringe our intellectual property rights or associate our identity and trademark with any unlawful activities.
Anyone who has been a victim of fraud should immediately seek assistance from their local law enforcement office.
abrdn's official website and social media channels are as follows:
- Website (Singapore): https://www.abrdn.com/en-sg/investor
- Facebook: https://www.facebook.com/abrdnplc
- LinkedIn: https://www.linkedin.com/company/abrdn
You can read here more detailed information about investment scams below.
Investor Risk Warning
We are aware of a number of scams and attempted frauds through phone calls and websites claiming to be from abrdn offering an investment/employment opportunity or offering to buy existing investment shares (e.g. High Yield/Fixed Rate Bonds). In addition, price comparison websites, social media advertising and search optimisation are being used to attract victims. If you have any concerns, contact us using the details on our Contact Us page.
What to look out for
Suspicious callers:Members of the public may be contacted by people who claim to be from abrdn and even using legitimate abrdn employee names; fraudsters will often provide details to give the impression that they are calling on behalf of abrdn in order to try and make you invest with them. They may try and attempt to sell you products, bonds or investments with the promise of financial gain or offer you advice over the telephone or email you links to bogus websites; they may even also have official sounding names and job titles.
However, these callers do not work for abrdn; abrdn would never make these types of offers and does not ‘cold-call’ investors in this way. Any third party making such offers has no links with abrdn. These are attempts at fraud, they will either not exist or in fact be worthless; customers are advised not to respond to opportunities through cold callers, if something seems too good to be true it often is. You can refer to your local abrdn website for a list of authorised funds in your country.
Suspicious emails:Similar to cold calling, fraudsters may contact you by email. They may ask you to provide personal information by email; the source of the email may be unclear or the company name and email address may be slightly misspelt. Be alert for emails which contain poor grammar, spelling or punctuation.
Payment to Third Party Account:abrdn will never ask you to pay funds into an account in the name of a third party, when investing with abrdn you will always be requested to pay into an account in the name of abrdn or one of its subsidiaries.
How can you protect yourself:
PLEASE NOTE: If you deal with an unauthorised firm you will have no protection if something goes wrong. In addition, abrdn is not responsible nor liable for reimbursing losses.
If you think you have been caught out
The services in this list can help if you have, or think you have been the victim of fraud:
|Police and National Crime Prevention Council hotline||Contact: 1800-722-6688|
|Police hotline (scams)||Contact: 1800-255-0000|
Additional services may be available in your area, either from your government or consumer advice bodies. You can also search online for topics like "fraud prevention" or "report fraud".
If you have been caught out, it’s important that you report it to the authorities. If you do not report it to the authorities then we will not be able to assist. There may be others who have also fallen victim of the same scam and your information may form part of a bigger investigation and assist with an ongoing investigation.
If you have any fraud or financial crime related queries please contact our Anti-Financial Crime team.