Group Risk Mutual Limited
The Authority has become aware of a website www.grmutual.com purporting to represent the business Group Risk Mutual Limited and claiming to have an Isle of Man presence namely an office at 5 Parliament Square, Isle of Man. The website purports to offer a wide range of financial and investment products including but not limited to investment advice.
The Authority wishes to draw attention to the following observations:
The Authority has failed to establish any association between the website, www.grmutual.com and any genuine Isle of Man companies or businesses.
We would stress that there is a genuine Isle of Man company called Group Risk Mutual Limited but this is in no way associated to the website www.grmutual.com and none of those named as company officials within the website are known to the genuine Isle of Man company. The genuine Group Risk Mutual Limited does not offer investment advice and does not have a live website.
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.grmutual.com especially investment advice in or from the Isle of Man would require a licence issued by the Authority under Class 2 of the Regulated Activities Order 2011.
There is no Class 2 licence holder in the Isle of Man named Group Risk Mutual and linked to the aforementioned website. A search of all entities licensed by the Authority can be found at:https://www.iomfsa.im/register-search/
Under the circumstances, the Authority is concerned that any person who has accessed the website www.grmutual.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.