FCCAir (clone of an FCA authorised firm)

What Is This Scam?

FCCAir is an unauthorized financial services operation that fraudulently impersonates a legitimate, FCA-regulated firm. The scammers behind this operation target UK consumers and investors by misrepresenting themselves as an authorized financial services provider. This type of clone fraud is particularly dangerous because it exploits the trust consumers place in regulated financial institutions, making it difficult for victims to immediately recognize the deception. The scam typically involves unsolicited contact offering investment opportunities or financial services, with the perpetrators using stolen credentials and branding from genuine, regulated firms to appear legitimate.

Who Are They Impersonating?

FCCAir is impersonating MILLSTREAM UNDERWRITING LTD., a legitimate FCA-authorized firm. The genuine company operates under the following details:

• Firm Name: MILLSTREAM UNDERWRITING LTD.
• FCA Reference Number: 308584
• Registered Address: 52-56 Leadenhall Street, London, EC3A 2EB, United Kingdom
• Legitimate Contact: +442030115700
• Legitimate Email: [email protected]
• Official Website: www.nexusunderwriting.com/en-gb/industry/millstream
• Regulatory Authority: Financial Conduct Authority (FCA)

If you are contacted by anyone claiming to represent MILLSTREAM UNDERWRITING LTD., always verify their identity by contacting the firm directly using the official contact details above, never using contact information provided by the person approaching you.

Evidence & Regulatory Action

Multiple regulatory and consumer protection authorities have documented this scam. The FCA issued an official warning on February 10, 2025, identifying FCCAir as an unauthorized firm operating under a false identity. According to the FCA's official register of unauthorized firms, "FCCAir is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be a genuine FCA-regulated firm."

The FCA also published a dedicated warning notice on their news platform, documenting the fraudulent operation's contact details and website. Additional consumer protection services, including WikiFX and Better Regulation databases, have independently flagged FCCAir as an unauthorized operation. The consistency of these warnings across multiple authoritative sources confirms the legitimacy of this alert and the serious threat this scam poses to UK consumers.

Red Flags

• Website domain (fccair.com) differs significantly from the legitimate firm's website (nexusunderwriting.com)
• Email address ([email protected]) does not match the legitimate contact ([email protected])
• Unsolicited contact offering investment or financial services opportunities
• Pressure to act quickly or provide personal financial information
• Inability to verify credentials through the official FCA register
• Requests for upfront payments or deposits before service provision
• Poor quality branding, spelling errors, or unprofessional communications

Domain Information

The fraudulent domain fccair.com was registered on April 16, 2024, making it approximately 1.9 years old at the time of this alert. The domain is registered through Cloudflare, Inc., with the registrant located in Cyprus. The use of a privacy-protecting registrar and offshore jurisdiction are common tactics employed by scammers to obscure their identity and evade regulatory oversight.

What To Do If You Have Been Contacted

• Do not provide any personal, financial, or banking information to the sender
• Do not click links or download attachments from suspicious emails or messages
• Independently verify the firm's credentials by visiting the official FCA register and cross-referencing the firm reference number 308584
• Contact MILLSTREAM UNDERWRITING LTD. directly using the official telephone number (+442030115700) to report the impersonation
• Report the scam to the FCA using their official warning page
• Report the fraudulent website and email to Action Fraud (www.actionfraud.police.uk) or call 0300 123 2040
• If you have already sent money, contact your bank immediately and provide them with evidence of the fraud