FSA warns on scammers who pretend to be Sants

clock

The Financial Services Authority (FSA) has warned firms and consumers to be vigilant for fraudsters claiming to be from the regulator.

Scammers have been phoning, emailing and writing to people, often using the names of present or past employees such as chief executive Hector Sants or chairman Lord Adair Turner, it said. Targets may be told they owe money or be asked for personal information such as copies of payslips or passports. Criminals also tell victims they are entitled to a sum of money and that they need to supply bank account details to receive the payment. "Keep in mind that the FSA would never contact members of the public asking for money or your bank account details," the FSA said. "The correspond...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Trade bodies call for chancellor to stop FCA public enforcement

Trade bodies call for chancellor to stop FCA public enforcement

‘Proposals to publicise investigations are a worrying development’

Isabel Baxter
clock 29 April 2024 • 2 min read
SDR extension plans will ensure 'uniform standard' for portfolios

SDR extension plans will ensure 'uniform standard' for portfolios

'Retail-focused firms are also facing a short timeline to prepare'

Cristian Angeloni
clock 24 April 2024 • 4 min read
FCA proposes advisers and platforms 'must' communicate SDR labels

FCA proposes advisers and platforms 'must' communicate SDR labels

Distributors also must provide access to consumer-facing disclosures

Isabel Baxter
clock 23 April 2024 • 1 min read