Thousands of consumers been targeted by fraudsters impersonating the Financial Conduct Authority (FCA).

The FCA has said it received 4,465 reports of scammers pretending to be the regulator in the first half of the year.

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It said the fraudsters try to steal money by getting people to hand over funds or sensitive information, such as bank account PINs and passwords, and that around 480 victims had been scammed into sending money.

One of the most common scam methods involves fraudsters claiming the regulator has recovered funds from a crypto wallet that was opened illegally in the individual's name.

The FCA said another common method is the targeting of people vulnerable to loan scams, with criminals telling them

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