Criminals are not only targeting vulnerable consumers, with two-thirds of the regulator’s scam reports involving people over 56, but are weaponising the very institutions designed to protect them

When fraudulent actors start posing as the Financial Conduct Authority (FCA) itself, you know the scam problem has entered a new phase.

The UK’s chief financial regulator confirmed this week that it has already received nearly 5,000 reports of impersonation scams in the first half of 2025, with almost 500 victims tricked into handing over money.

The tactics range from fake claims that the FCA has recovered crypto wallets, bogus county court judgements demanding payment, and even “pig butchering” schemes in which criminals pose as the regulator after grooming victims through romance scams.

As

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