thewealthnet

FCA warns of coronavirus scams while closely engaging with firms

News Team, 18/03/2020

The Financial Conduct Authority (FCA) has warned of multiple scams related to Covid-19.

These take many forms and could be about insurance policies, pensions transfers, or high-return investment opportunities, including investments in cryptoassets.

The FCA warned that scammers are “sophisticated, opportunistic and will try many things.”

Vulnerable individuals are most likely to be targeted.

Customers should protect themselves by: rejecting out of the blue offers; using the FCA Register and Warning List to check who they’re dealing with; not clicking on email links from unknown senders; and not ...


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