Security Alert – Fraudulent Impersonation of PhillipCapital Staff
Date: 15 February 2019
We would like to alert customers and members of the public to cases of fraudulent impersonation of our staff that first surfaced in PhillipCapital Group’s Hong Kong office.
The scammer impersonates our staff using a fake “staff identity” card bearing the PhillipCapital logo and attempts to solicit members of the public to open an account, supposedly with a PhillipCapital Group entity, via online social media (such as Facebook) or IM (such as WeChat or Line) platform. Once a fake account is created, the victims are directed by the scammer to apply for investments via a fraudulent third-party website that has no links whatsoever to the PhillipCapital Group and are asked to remit funds to personal bank accounts.
Customers and members of the public are advised to be alert to such scams. The PhillipCapital Group of companies will never request customers or members of the public to remit funds to personal bank accounts nor permit its staff to solicit business unless they are the company’s authorised representatives. To identify if a person is an authorised representative of a PhillipCapital Group entity in Singapore, please check the individual’s credentials on the MAS Register of Representatives website at https://eservices.mas.gov.sg/rr or contact us via our website at https://www.phillip.com.sg/, or visit any of our Phillip Investor Centres (refer to location details at https://www.phillip.com.sg/contact-us/phillip-investor-centres/).