Central Bank of Ireland Warns of Unauthorized Businesses – Indus Loan (Clone)

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Central Bank of Ireland Warns of Unauthorized Business – Indus Lending (Clone)

January 12, 2022Press release

The Central Bank of Ireland (“Central Bank”) released the name of an unauthorized company today, January 12th, 2022. Indus Loans (Clone) (UK) – www.indusloans.co.uk (currently inactive) to warn the public that it is not authorized by the central bank To provide financial services.

Indus Loan (Clone) advertises credit on its website but is not approved by the Central Bank as a retail lender, moneylender or otherwise.

The unauthorized Indus Loan (Clone) has cloned the data of a legitimate company authorized by the Financial Conduct Authority (FCA) in the UK. Please note that there is no connection whatsoever between the unauthorized entity Indus Loans (Clone) and the FCA authorized company whose data was cloned.

It is a criminal offense for an unauthorized company / person to provide financial services in Ireland which would require authorization under the relevant legislation which the Central Bank is responsible for enforcing. Consumers should check the central bank registers online to see if a company / person they are dealing with is authorized. Consumers should beware of ads offering credit from unauthorized companies or individuals.

There are some general steps that individuals should take before interacting with companies / individuals who purport to provide financial services:

  • When buying a financial product such as a loan, insurance, investment or annuity, or using a financial service such as investment advice, you are only dealing with a company / person authorized by the Central Bank – Check our register to see if the company / person is registered. Always access the register through our website rather than through links in emails or on a company / person’s website.

  • Always check the URL and contact details of a company / person in case it is a “clone company / person” pretending to be an authorized company / person, such as: B. Your bank or a real investment firm.

  • Check the List of unauthorized companies. If the company / person isn’t on our list, don’t assume they are legitimate – they may not have been reported to the central bank yet.

Anyone wishing to contact the Central Bank with information about these companies / persons can call (01) 224 4000. This number is also available to the public to verify that a company is authorized.

Notes for editors

The name of the above company is published under the Central Bank (Supervision and Enforcement) Act 2013.

Disclaimer of liability

Central Bank of Ireland published this content on January 12, 2022 and is solely responsible for the information contained therein. Distributed by General, unedited and unchanged, on January 12, 2022 11:05:02 AM UTC.

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