“BaFin would like to clarify that the U.K. Financial Conduct Authority is not targeting consumers in Germany.” The German Federal Financial Supervisory Authority (BaFin) has warned that retail investors are being contacted by people claiming to work for the U.K. Financial Conduct Authority (FCA).
These scammers claim to offer help in recovering lost funds but first demand the transfer of large sums of money to carry out a check, according to BaFin, which has received complaints from consumers residing in Germany.
“BaFin would like to clarify that the U.K. financial regulator is not targeting consumers in Germany,” it said. Fraudsters have used the same strategy in the past under BaFin’s name. BaFin does not contact consumers and ask them to transfer money,” the German regulator said.
The financial regulator urged those affected to refrain from making offers and demands and to inform the police or the public prosecutor’s office.
Consumers can also contact BaFin’s hotline: 0800 2 100 500 or +49 (0) 228 299 70 299.