For a better experience on RCIPS, UPDATE YOUR BROWSER. For a better experience on RCIPS, UPDATE YOUR BROWSER. The following press release is sent on behalf of the Financial Reporting Authority:
The Financial Reporting Authority (FRA) has become aware of a “Cayman Crypto Bank” with the website: https://www.caymancryptobank.com/ that fraudulently claims to be: "The Banking of the Future. Based in Cayman Islands. Cayman Crypto Bank is registered and licensed with the Financial Intelligence Unit (FIU) of Cayman Islands for financial regulation."
The Financial Reporting Authority is the financial intelligence unit of the Cayman Islands and does not have supervisory or regulatory functions. Further, there is no entity by the name “Cayman Crypto Bank” registered with the Cayman Islands Companies Registry or with the Cayman Islands Monetary Authority (CIMA).
Fraudsters create fake bank websites to mislead and entice people into transferring money or disclosing personal information. This scam is a form of “phishing.” Some of these fake bank websites use the name or logo of Government entities to instill a false sense of security. Before engaging with any website for an entity that claims to be regulated in the Cayman Islands, please check CIMA’s list of regulated entities to make sure it is authorised to provide the service(s) offered.
We strongly encourage individuals to remain vigilant and carefully verify the authenticity of entities or websites they engage with. If you have engaged with the website identified in this alert please submit a Suspicious Activity Report to financialreporthingauthority@gov.ky.
