Emil the Seal helps UK watchdog warn public about investment scams
FCA stunt launches new Firm Checker tool as around 700,000 people lose money to investment scams.
investment scams
Theatre to the rescue! Italian watchdog presents play about Charles Ponzi
Nadia Linciano, Consob’s Secretary General, and Massimo Giordano, an actor from Salento, drew the script for a theater play about scams.
France’s AMF warns of rising crypto and financial scams
Authorities estimate that the overall loss suffered by victims of financial fraud in France is at least €500 million a year.
ASIC shuts down 3,500 investment scam websites
ASIC’s latest enforcement and regulatory update highlights the regulator’s investment scams disruption work.
Investment scams top 80% increase in $3.1B retail losses in 2022: ACCC
Losses experienced by each victim rose by more than 50% due in part to scammers using new technology to lure and deceive victims.
FCA research shows how investors are ‘turning detective’ against scammers
New research from the UK FCA has found that a quarter of investors who avoided a scam are taking inspiration from Sherlock Holmes.
FCA scans 100,000 websites per day to identify scams
The UK FCA is using data to tackle online fraud faster by scanning approximately 100,000 websites created every day to identify scams.
Australians lose over $205M to scams in first five months of 2022
Australians lost over $205 million to scams between 1 January and 1 May 2022, a 166% increase compared to the same period last year.
UK Financial Ombudsman sees 30% increase in “authorised” scam complaints
Complaints about “authorised” scams increased by 30% in the second quarter of this financial year, when compared to the same period in 2020/21.
Canada’s CSA warns of online scams imitating well-known financial brands
The scammers use high quality brochures and other documents that appear to have been produced by easily recognizable brands.
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