Fraud Matters

It is important that people dealing with financial services firms have confidence in the market. The Financial Services Authority issues public warnings and provides information about scams to help you protect yourself. Please see the information below for more details.

Please click here to see a list of Public Warnings issued.

It can be difficult to spot a scam and fraudsters can be very cunning. Red flags for a scam include:

  • Being contacted out of the blue
  • Being offered a deal that is too good to be true
  • Being asked to share personal information
  • Being pressured to respond quickly
  • Vague contact details
  • Poor grammar and spelling mistakes in emails, websites and correspondence
  • Being asked to keep the deal a secret

Find out how to protect yourself from the most common types of scams through the following:

ScamSmart - This link takes you to the UK Financial Conduct Authority’s ScamSmart website which provides useful information on investment frauds and scams.

The Little Book of Big Scams - This link takes you to a document issued by the Metropolitan Police in the UK and is a general guide to scams currently in operation.

Data protection – This link takes you to the Isle of Man Information Commissioner’s website.  The Privacy Policy provides information on how the Authority collects and processes personal data and provides contact details for the Authority’s Data Protection Officer.

Take Five – Stop Fraud – This link takes you to some useful advice relating to fraud and matters you should always think about before answering personal questions provided by Financial Fraud Action UK Ltd in conjunction with City of London Police.

Don’t fall for the hype - This link takes you to a press release issued by the Securities and Exchange Commission of the USA about a mock website it established to educate potential investors about opportunities that are too good to be true and warning signs consumers should be wary of.