There have been 5,000 reports of scammers pretending to be the FCA in the first half of 2025. Fraudsters have claimed that the FCA has recovered funds from a crypto wallet opened illegally in the individual’s name. Fraudsters have also told loan scam victims that their creditors have taken out a county court judgment against them. They have then told the victim that they need to pay the FCA monies owed. FCA advises:
- if someone contacts you unprompted, whether by phone, text, email or WhatsApp, be alert
- never hand over sensitive personal information, like bank account PINs and passwords
- if you’re unsure, get in touch with the FCA using the online contact form