FCA takes action to tackle online fraud

News Team, 07/02/2023

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...

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