Financial services firms based outside Britain could end up facing court action initiated by the Office of Fair Trading if they are found trying to "scam" UK consumers.
This follows an OFT announcement it has used its cross-border powers to take court in another European Member State for the first time since new legislation was introduced in 2002 . The action is against Belgian company D Duchesne, which stands accused of sending unsolicited letters to UK consumers implying they would win a large sum of money, but only if they made a purchase from an accompanying catalogue. The law as it stands now allows the OFT to take action against businesses in other European countries it they break certain EU-based consumer protection legislation. When a busi...
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