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Fictional Douglas address houses three fake banks

The Island's financial regulator is warning about three fake banks that claim to be based at the same address in Douglas.

Felicity credit Union, Secure Haven Bank and Paradise Valley Bank all have websites saying they're trading from Northwest House on Circular Road in Douglas.

But the Financial Services Authority says not only do none of the three have a banking licence, there's no such address.

The FSA says the sites are run by fraudsters trying to con people online.

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