Could a stranger scam YOU out of £428,000?

The City watchdog has urged banks to do more to crack down on romance scams after victims lost millions to fraudsters last year. The Financial Conduct Authority uncovered multiple instances of banks missing opportunities to stop and prevent the emotionally and financially damaging scams, which cost deceived Brits £106m in 2024. One case reviewed by the FCA found that a victim had been swindled out of more than £428,000, while another made a staggering 403 payments to fraudsters over the course of a year, resulting in losses of over £72,000. While the regulator acknowledged banks had gone to significant lengths in some cases to protect customers at risk of romance fraud, the scam is steadily claiming more victims, as cases rose by 9 per cent last year. Read more at the link in the description 🔗 #fraud #dating #scams #romance