You are here: Home - News -

Scammers using fake regulator IDs to coax out broker bank account details

by: Mortgage Solutions
  • 10/05/2017
  • 0
Scammers using fake regulator IDs to coax out broker bank account details
Fraudsters claiming to be from the Financial Conduct Authority (FCA) are contacting consumers and firms to request account details to pay either a sum owed or offer a cashback.

The FCA said the scammers were contacting firms by email, post or by phone and claiming to be the regulator or an individual from the watchdog. The crooks are even using the regulator’s switchboard number – 020 7066 1000 – as a caller ID.

The regulator warned the industry not to offer any information or call the fraudsters back and said it would never contact anyone asking for money or account details.

The FCA confirmed that firms will always either set up a direct debit or offer payments through the contact details on the website.

It said: “The correspondence is likely to be linked to organised fraud and we strongly advise you not to respond to the criminals in any way.”

It advised: “Look for signs that the email, letter or phone call may not be from us, such as it listing a mobile or overseas contact phone number, an email address from a hotmail or gmail account, or a foreign PO Box number. Scam emails or letters often contain spelling mistakes and poor grammar.”

If you are in any doubt about the authenticity of contact from the FCA, call the helpline on 0800 111 6768.

There are 1 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:
Barratt set to build most new homes since 2008

Barratt Developments, the nation’s biggest housebuilder, says it is on track to complete more than 17,300 homes this year, the...

Close