UPgraders Universal Banking presents itself as a leading global financial institution with a history dating back to 1982, offering a broad range of services including private and business banking, investment management, loans, and crypto banking. However, it has been officially identified as an unauthorized "clone firm" by the UK's Financial Conduct Authority (FCA). The company fraudulently claims to be regulated by the FCA, using the registration details and address of other legitimate, unaffiliated firms to deceive potential customers. Its actual operation is to solicit funds from the public without any legal authorization or consumer protection.