People considering investments opportunities urged to use new firm checker tool

Savers face £162 ISA penalty with HMRC to close 'loophole'

HMRC says it will be clamping down on cash held in stocks and shares ISAs.

People considering investments opportunities urged to use new firm checker tool

Around 800,000 people reported losing money to investments or pensions‑related scams in the 12 months to May 2024, the FCA said.

FCA Launches Firm Checker to Combat Evolving Financial Scams

The financial crime landscape is evolving, and so are the tactics employed by ruthless fraudsters. In response, the Financial Conduct Authority (FCA) has launched Firm Checker, a tool designed to help consumers avoid scams. This initiative is a significant step in the fight against financial crime, particularly in the realm of investments and pensions-related fraud. The FCA’s research reveals… Source

FCA Unveils Consumer Tool as The UK Investment Scams Hit 800,000 Victims

The Financial Conduct Authority (FCA) launched a consumer verification tool this week as new data reveals 800,000 people in Britain lost money to investment and pension scams over the past year.

FCA launches Firm Checker to fight financial crime

Around 800,000 people reported losing money to investments or pensions‑related scams in the 12 months to May 2024, according to Financial Conduct Authority (FCA) research. To help fight this financial crime, the FCA has launched ‘Firm Checker’, a tool to help consumers avoid scams. By using the tool and checking if a firm is authorised and has the correct permissions to provide services, people can significantly reduce their chances of falling v…

FCA Launches Firm Checker Tool to Combat Financial Crime

Innovative software aids in financial crime prevention for firms. Highlights: FCA introduces Firm Checker tool for UK financial firms. Aims to improve compliance with financial crime regulations. Software offers essential resources for combating financial crime. Enhances safety measures for both firms and customers. The Financial Conduct Authority (FCA) has launched the Firm Checker tool, designed to assist UK financial firms in combating finan…