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ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group)

Fraudsters are using the details of firms genuinely authorised by the Financial conduct Authority (FCA) to try to convince people that they work for a genuine, authorised firm.

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.

This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorised firm or other details.

Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

ABSA Wealth Management (cloning a subsidiary of Barclays Africa Group)

Address: 5 North Colonnade, Canary Wharf , London, E14 4BB (cloning address of Barclays Capital Securities Limited)

Telephone: 02071933793

Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.

Genuine firm details

This genuine firm that fraudsters are claiming to work for has no association with the ‘clone firm’. Its correct details are:

Firm name: ABSA Bank Limited (believed to be a generic clone of the ABSA Bank brand, not any specific legal entity)

Head Office Address: 7th Floor, Barclays Tower West, 15 Troye Street, Johannesburg, 21001


You can find out more about this scam tactic and how to protect yourself from clone firms.

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