Common comparison error
Clone firm does not become legitimate because it knows account details or copies a real firm's AML number.
GlossaryRegulation & safety
Clone firm
An operation that copies the identity, license number, address, or branding of a genuine firm without being that firm.
Practical use
How to verify Clone firm
Read Clone firm together with Firm reference number, AML, Authorised firm. The comparison must preserve the exact rule, value, state, and evidence described below.
A neutral example
A payment instruction changes during Clone firm. The beneficiary and account differ from the signed-in cashier, so the user freezes action and checks Firm reference number independently. This cannot be swapped with a neighboring term: for Clone firm, a fraudulent domain can copy a genuine firm's name, address, and license number without being that entity.
Evidence path
Where to verify Clone firm
Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.