REGULATION · UK
FCA warns of Blockaid-rec clone impersonating authorized firm
FCA issued alert: unauthorized entity 'Blockaid-rec' is impersonating an FCA-authorized firm to solicit customers. Classic clone-firm fraud vector leveraging regulatory namespace confusion.
WHY IT MATTERS
Rising clone-firm attacks exploit brand confusion. BFSI customer-communication teams must actively educate customers on verification, especially as scammers use AI to forge documentation and phone calls.
Source: FCA · 2026-05-22