Almost 5,000 fake FCA scams reported in H1 2025
The FCA has received nearly 5,000 reports of scams impersonating the regulator in the first six months of 2025. Fraudsters are targeting consumers, often asking for money or sensitive information like bank PINs and passwords. Almost two-thirds of reports came from people aged 56+.
Common scams include:
- Claims of recovered funds from illegally opened crypto wallets.
- Loan scam victims being asked to hand over more money
- Emails about County Court Judgements, demanding payment to the FCA.
More details: https://www.fca.org.uk/news/press-releases/fake-fca-scams-reported-6-months-2025
FATF releases new Money Laundering NRA Toolkit
The FATF has published a new toolkit to support countries in conducting National Risk Assessments.
Key features:
– Annex A: Quick guides on challenging risk areas (Corruption, Virtual Assets, Legal Persons, Informal Economy)
– Annex B: Cross-comparison of Money Laundering threats and categorisation of threats and vulnerabilities
– Annex C: Suite of NRA tools
More details:
FCA continues to simplify supervisory communications
The FCA is making it easier for firms to access up-to-date supervisory communications. Key changes:
- Multi-firm and thematic reviews published before 2022 will now be labelled as ‘historical’ (around 80% of reviews).
- Historical documents remain publicly accessible via existing links.
- FCA will continue publishing multi-firm and thematic reviews, and soon market reports will replace some Dear CEO/portfolio letters.
This is part of FCA’s push for clearer priorities, smarter regulation, and support for Consumer Duty requirements.
More details here: https://www.fca.org.uk/news/news-stories/fca-continues-simplify-supervisory-communications
