The Monetary Authority warns consumers to beware of fraudulent website www.iswco.com operated by an alleged "International Switzerland Co-operation Bank".

The company claims it offers banking services in Hong Kong, but it is not authorised under the Banking Ordinance to do so, nor can it establish a local representative office.

The case has been reported to Police. Anyone who has provided personal information to the site or who has conducted transactions through it should call Police on 2860 5012.

Consumers should verify the status of any organisation making use of the Internet to solicit deposits. For a list of authorised institutions click here or call the authority's hotline 2878 8222.