This notice is issued by the Isle of Man Financial Services Authority (“the Authority”) in accordance with the powers conferred upon it under Section 30 of the Financial Services Act 2008.
The Authority has recently become aware of a website www.rivafinancialsystems.com purporting to represent the business Riva Financial Systems Limited and claiming to have an Isle of Man presence. The website purports to offer a wide range of financial and investment products.
The Authority wishes to draw attention to the following observations:
There is a genuine Isle of Man incorporated company called Riva Financial Systems Limited, with its registered office at St George’s Tower, Hope Street, Douglas, Isle of Man IM1 1AR
The genuine Riva Financial Systems Limited have confirmed that they are in no way connected to the website www.rivafinancialsystems.com. The Authority has failed to establish any association between the website, www.rivafinancialsystems.com and any genuine Isle of Man companies or businesses.
Those operating the potentially fraudulent website www.rivafinancialsystems.com have no authority to claim that they operate in or from the address, St George’s Tower, Hope Street, Douglas, Isle of Man IM1 1AR
A search of all genuine companies incorporated, and business names registered in the Isle of Man can be conducted at https://services.gov.im/ded/services/companiesregistry/companysearch.iom
To offer the financial services listed on the website www.rivafinancialsystems.com in or from the Isle of Man would require a licence issued by the Authority. There is no licence holder in the Isle of Man seemingly linked to the aforementioned website. A search of all entities licensed by the Authority can be found at:
Under the circumstances, the Authority is concerned that any person who has accessed the website www.rivafinancialsystems.com may potentially become the victim of fraud or it may be an attempt at gaining personal data from the browser in order to steal their identity.
General advice on how to avoid becoming a victim to identity theft and advanced fee frauds can be found on the Action Fraud website at http://www.actionfraud.police.uk/ID and http://www.actionfraud.police.uk/fraud-az-advance-fee-fraud respectively.
Any persons who are already involved in any dealings with the potentially fraudulent website www.rivafinancialsystems.com should consider notifying their local Police, bringing to their attention the contents of this notice.
Anyone with general concerns concerning any individual or company holding themselves out as conducting a regulated activity in or from the Isle of Man without the requisite licence should contact the Enforcement Division at the Authority on +44 1624 689311 or by e-mail to firstname.lastname@example.org for advice.
Authority Reference: NR/05/2021