The Financial Conduct Authority (FCA) has taken action to protect the public from online fraud.
Misleading promotions is a key aspect of this.
As a result, the FCA has required firms to amend or remove 8,582 promotions during 2022 - 14 times more than in 2021.
The FCA also published over 1,800 alerts to help prevent consumers from losing their money to scams.
Social media remains a major focus for the regulator’s work in combatting m...