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CompliNEWS   |   Financial Service Intelligence Watch Tuesday 10 June 2025

Avoid coronavirus scams

The UK's Financial Conduct Authority (FCA) has released an alert about potential coronavirus (COVID-19) scams, how they could affect you, and how to protect yourself.

When it comes to financial services, the scam activity is more nuanced and often appears after the initial shock of a major event. With that in mind, we are urging consumers to be vigilant for scams that could appear over the coming months. 

Scammers are sophisticated, opportunistic and will try to get personal details or money from victims in many ways. They tend to target people who are more vulnerable or susceptible to being scammed, particularly in the current climate with many more people being at home. 

Full FSCA press release