Bank Monarch - Fake Scam Bank in the UK

[ThaiPol]

http://www.bankmonarch.com

Fake bank used to scam an Indian using a Malaysian owned US IBOE - apparently used in many scams - more information on this scam bank or death of their site would be nice....

It has a bogus login that can be bypassed using a google search for all pages in the bankmonarch.com domain.

The WhoIs records are blank

Scam evidence can be downloaded here http://www.docstoc.com/docs/84024949/fake-iboe

[Templar]

A tad complicated....

see:

Domain Name: BANKMONARCH.COM
Registrar: GODADDY.COM, INC.
Whois Server: whois.godaddy.com
Referral URL: http://registrar.godaddy.com
Name Server: NS57.DOMAINCONTROL.COM
Name Server: NS58.DOMAINCONTROL.COM
Status: clientDeleteProhibited
Status: clientRenewProhibited
Status: clientTransferProhibited
Status: clientUpdateProhibited
Updated Date: 26-nov-2010
Creation Date: 31-aug-2008
Expiration Date: 31-aug-2013

>>> Last update of whois database: Sun, 07 Aug 2011 04: 24: 37 UTC <<<

Queried whois.godaddy.com with "bankmonarch.com"...

Registrant:
BANK MONARCH Ltd
9 Devonshire Square
London, EC2M 4YF
United Kingdom

and: http://wck2.companieshouse.gov.uk/5f...83/compdetails

It's a godaddy and has a registered office.

Send it to the LEOs

[Templar]

Dude,

See: http://www.fsa.gov.uk/pages/Doing/Re...internet.shtml

also:

https://www.monarchbank.com/mbindex.php

http://www.bba.org.uk/about-us/entry/bank-monarch-ltd

Guess there are ongoing investigations.

Many of these and the likes survive purely in the cracks of the law.

[JParker]

Hi everyone,
I'm a real estate developer in Dubai, UAE.
Recently some people approached me saying that they are the representative of Bank Monarch and they offered my loan for one of my projects. They showed me contract and so on. They want also Euro 250,000 the moment I receive the BCL from the bank. Can you please tell me if you know anything about their bank.
Thanks

[Templar]

Dude JParker

Unauthorised internet banks

http://www.fsa.gov.uk/pages/Doing/Re...internet.shtml

Bank Monarch Ltd (www.bankmonarch.com) is on the list.

[JoeNinety]

Ask for the bank's country of incorporation, registered company address and regulator. This will be enough to deter a lot of fraudsters.

If it is the UK based company, Templar's research shows that it is unauthorised and unregulated: as such I would not pay them or their brokers any up front fees at all whatsoever.

In fact I probably wouldn't deal with them at all. In the unlikely event you do receive a loan from them, being unregulated means the money will not comply with anti money laundering regulations and you may unwittingly end up laundering money from criminal origins.

Finally, if the loan is based on a financial instrument, it won't be worth the paper it's written on when issued by an unrated, unregulated bank.

If it isn't the UK entity, I'll need more details to help.

[Sapphire's Strike]

http://www.bankmonarch.com/

Site under construction

[Templar]

Oops !

Another ....

[De Master Yoda]

Oops !

Another ....

Seems like there are a few "under construction"

[Sapphire's Strike]

http://www.fsa.gov.uk/static/pages/d...onarch-ltd.pdf
Date: 6 July 2012

ALERT

We, the Financial Services Authority (FSA) have today published this statement to warn investors against dealing with unauthorised firms.
The purpose of this statement is to tell members of the public that an organisation identifying itself to UK individuals as:

Bank Monarch Limited
Company registration number: 06727679
Registered office: 9 Devonshire Square, London EC2M 4YF
Alternative contact address: 37th Floor, One Canada Square, Canary Wharf, London E14 5AA
Tel: 0203 086 7070 Telefax: 0203 004 1181
Email: info@bankmonarch.com Website: www.bankmonarch.com

is NOT authorised under the Financial Services and Markets Act 2000 (FSMA) to carry on a regulated activity in the UK. Regulated activities include, among other things: accepting deposits by way of business; and advising on, dealing in and arranging deals in investments.

This full alert is added further to the existing alert against “Bank Monarch Ltd (www.bankmonarch.com)” already on the FSA’s website warning list.

What does this mean for you?

If you are an investor, you should be aware that the Financial Ombudsman Service and the Financial Services Compensation Scheme are not available if you deal with an unauthorised company or individual.

How can you check whether a firm is authorised?
To find out whether a company or individual is authorised, go to the FSA Register Check Service at www.fsa.gov.uk/Pages/register/
Date: 6 July 2012