Asset Bank of Scotland Scam: assetstb.org, FCA Warning

Asset Bank of Scotland (assetstb.org), which presents itself as a Scotland-based bank, is in reality a fraud operation with no banking or investment permission. The UK Financial Conduct Authority has announced that this entity operates without authorisation and has issued a clear warning that the contact details it gives may not reflect reality. Asset Bank of Scotland is not authorised in Türkiye by the Capital Markets Board (SPK).

🚨 A False Identity Giving the Impression of an Established Bank

The chosen name is no coincidence: it is designed to recall Bank of Scotland, Scotland's century-old real bank. Moreover, the location the entity gives as its address, The Mound, Edinburgh, is where the real Bank of Scotland's historic head office stands. In other words, the fraudsters were not content with a similar name; they placed a real bank's physical address in their own front. The real Bank of Scotland has no connection with this scheme; its name is being misused.

📉 Changing Contact Details

According to the regulator's finding, this operation changes its postal address, telephone and email details over time and may present information belonging to other businesses or individuals as its own. Money sent to such fake institutions, which market deposits, savings accounts or high-interest investment products under a "bank" label, is not covered by any deposit guarantee.

❓ Frequently Asked Questions