Fraud Alert

LCH.Clearnet is constantly seeking to ensure that its members and the wider market are protected against the consequences of all forms of potential fraud inflicted on or using the clearing house.

However, it has come to the company’s notice that there have been recent cases where senior members of the company’s executive management have been impersonated, and websites established purporting to be those of LCH.Clearnet, as part of an identified Advance Fee fraud.

This type of fraud typically involves communication (initially usually via email) promising large cash pay-outs or job offers in exchange for a small advance payment by the targeted individual. The communication may appear to come from a large bank or other financial institution, government agency or other well-known organisation such as a lottery fund.

LCH.Clearnet provides clearing services to financial and commodity sector corporate institutions only, and thus has no individual customer accounts. The company is never in the position of arranging or carrying out transfers of money to or from individuals.

Any queries relating to suspicious transactions such as those described above should be brought to the attention of the Compliance and Regulation department on comp&regdept@lchclearnet.com.

“If it looks too good to be true, it probably is.”