Clarus IV ICAV (CLONE) - Central Bank of Ireland Issues Warning on Unauthorised Firm
AI Analysis
The Central Bank of Ireland (CBI) has issued a warning notice under section 53 of the Central Bank (Supervision and Enforcement) Act 2013 regarding **Clarus IV ICAV (CLONE)**, an unauthorised entity cloning a legitimate authorised ICAV to perpetrate investment scams. This matters for compliance professionals as it underscores rising clone firm risks in Ireland's investment sector, requiring vigilance to protect clients and avoid facilitation of scams.
Key dates
- 17 April 2026
- - CBI publishes warning notice on Clarus IV ICAV (CLONE)
Suggested considerations
- Client communications: Issue alerts on clone risks and direct to CBI scam protection resources (www.centralbank.ie/financialscams).
- Internal screening: Update compliance systems to flag clone indicators (e.g., similar names, cloned authorisation details); report suspicions to CBI at (01) 224 5800.
- Legitimate firms: Publicly disavow any connection if cloned, as emphasised by CBI.
What changed
This is not a regulatory change but a specific enforcement action publishing details of an unauthorised clone firm. It highlights no new requirements but reinforces existing obligations under Irish law to verify firm authorisation before engaging in investment services, with the CBI actively using public warnings to combat scams.
Compliance impact
Urgency: Medium - Immediate for client-facing activities due to active scam using Irish phone numbers and domains, but not a new rule change; matters to prevent regulatory scrutiny for inadequate due diligence or client harm under conduct and authorisation rules. Recent pattern of ICAV clones (e.g., Parus ICAV on 08 April 2026, Red Arc on 10 April 2026) signals heightened scam activity, elevating
Who is affected
References
- [1] centralbank.ie third-party
- [2] centralbank.ie third-party
- [3] centralbank.ie third-party
- [4] cnmv.es third-party
- [5] centralbank.ie third-party
- [6] centralbank.ie third-party
- [7] centralbank.ie third-party
- [8] centralbank.ie third-party
- [9] cryptolegal.uk third-party
- [10] centralbank.ie third-party
AI-generated analysis. May contain errors or omissions — verify with the original CBI source before acting. Full disclaimer.
What the CBI said
Warning: Unauthorised Investment Firm / Unauthorised Investment Business Firm / Unauthorised Irish Collective Asset-Management Vehicle (ICAV) Unauthorised Firm Name Clarus IV ICAV (CLONE) Website https://www.clarusiv.com/ Email addresses used [email protected] [email protected] [email protected]…
Extract from CBI . Read the full notice at the source for the authoritative text.