New Clone Website Abuses Dukascopy Brand Name, Uses Fake Address

Dukascopy Bank of Switzerland, one of the most prominent brokerages in the industry, has been targeted by a Clone Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term website. The entity behind dukascopi.com is violating the trademarked name of the Geneva-based financial services provider.

The entity servicing the website is Mercure Services Ltd. The firm is based in Kingstown, the capital of St Vincent and the Grenadines. The entity dukascopi.com claims to be based in Geneva, Switzerland. The address listed on the website does not correspond to any business entity based in the country. Moreover, the firm claims to be located on the same street as Dukascopy Bank.

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Websites that use fake data to purport Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term and mislead clients are a major issue for the industry.

While dukascopi.com doesn't copy the design language of the website of Dukascopy Bank, the entity copies the address of the FINMA-regulated company almost in its entirety.

The Dukascopy brand name has been a popular target for clone companies due to its popularity. Impostor websites, usually registered offshore, are very difficult to track.

Commenting on the matter to Finance Magnates, the company said in a statement: “At Dukascopy Bank we do our best to combat scams, not only to protect our reputation but also to limit the number of their victims. The Executive Committee of Dukascopy Bank currently takes actions against https://dukascopi.com."

“In the previous case reported by Finance Magnates, Dukascopy Bank obtained the termination of the fraudulent website. We hope for the same outcome,” the firm concluded.