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Avoid coronavirus scams

Publish date: 27 March 2020
Issue Number: 113
Diary: CompliNEWS
Category: Coronavirus

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

Working Smart

By Lee Rossini

The global financial services sector is undergoing a wave of consolidation, driven by shifting economic conditions, technological disruption, and evolving client expectations. This trend, visible across banking, payments, and fintech, reflects a broader transformation in how financial services are delivered and consumed.

CPD

Subscribers are reminded that they can complete monthly CPD quizzes and claim CPD hours before the 31 May deadline. View the CPD FAQs for more on accessing the CPD quizzes.

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