Over 10,000 financial adverts and other promotions were withdrawn or changed in 2023 following intervention from the Financial Conduct Authority (FCA), an increase of 17 percent year-on-year.

The FCA also published 2,285 alerts to help prevent consumers from losing their money to scams, up from 1800 in 2022. 

After being given new powers by the government, the regulator has focused on illegal cryptoasset promotions to UK consumers, issuing...