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Misuse of our name by unauthorized individuals

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News - 23 September 2020

We have been made aware that a clone firm "ABN AMRO Private Bank" is contacting consumers in the UK with “too-good-to-be-true” investment promotions.

This clone firm is attempting to appear legitimate by using the name, logo and FCA registration number of ABN AMRO Bank NV.

In fact, this is a type of fraud known as a boiler room - designed to deceive individuals into investing their money in worthless, non-existent bonds.

We consider this scam a fraudulent misuse of our good name. "ABN AMRO Private Bank" has been reported to the Financial Conduct Authority for inclusion on its blacklist of unauthorized firms. 

A similar scam occurred in 2019 using the name ABN AMRO Asset Management, which was also included in the FCA unauthorised clone firms list. 

The Financial Conduct Authority has a useful webpage explaining how personal investors can avoid scams by checking whether an investment opportunity is being offered by a legitimate, authorized firm.

https://www.fca.org.uk/scamsmart/warning-list

ABN AMRO Bank NV, UK Branch, does not offer personal banking services in the UK.