CBBC Bank Plc presented itself as a banking and financial services company, primarily targeting UK consumers. However, it is not a genuine company. The UK's Financial Conduct Authority (FCA) has publicly warned that this entity is a "clone firm," meaning it fraudulently used the details, such as the Firm Reference Number (FRN), of a legitimately authorized company (China Banking Corporation) to deceive and scam investors. The clone firm's operations were based on this false identity to appear credible while offering banking and investment products.

Founded in

United States