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Dealing with scams

Clients should be extra vigilant if you receive any unexpected communications from third parties about their relationship with your Blacktower financial adviser or the company. If you do receive suspicious instructions, you are advised to check the legitimacy of these. If you believe you have been a victim of fraud, you should report it to the police as soon as possible. The sooner the fraud is reported, the greater the chance of containing or minimizing the damage.

Further advice can be found at –

UK – www.fca.org.uk/scamsmart

Gibraltar – https://www.fsc.gi/consumer-guides/fraud

Cyprus – https://www.fma.gv.at/en/the-cyprus-securities-and-exchange-commission-cysec-warns-scammers-are-impersonating-cysec-representatives/

USA – https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins

Cayman – https://www.cima.ky/know-your-money-dont-be-a-victim-of-fraud

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Panama Papers and the banks

panama papersAt the moment, politicians across the world – especially, it seems, in the UK – are in the spotlight regarding their tax affairs. Banks, however, will also soon be in the spotlight, as by Friday 15th April they have been told to hand any information regarding their dealings with the law firm at the centre of the Panama Papers over to the UK’s Financial Conduct Authority.

As a result, pressure is growing on the City watchdog to launch a full-blown investigation into these explosive claims.

It has already become clear that nearly all of the major banks are involved to some degree, with a few well known Banks such as HSBC, Deutsche Bank, UBS, Coutts and Rothschild’s standing out more than others.

Read More

The Catalan Crisis in Spain

Catalan and Spanish FlagCatalonia’s push for independence after a referendum has plunged Spain into its worst political crisis since the attempted military coup in 1981.

The crisis could have huge repercussions for the Spanish economy. Catalonia itself has its own language, parliament, police force and controls some of its own public services, such as schools and healthcare.  It is one of Spain’s wealthiest and most productive regions and has a distinct history dating back almost 1,000 years.

Read More

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