France’s financial regulator Autorité des Marchés Financiers (AMF) has announced that the authorities are taking action to combat the massive phenomenon of financial scams catching out an increasing number of individuals.
The Paris Public Prosecutor’s Office, the AMF, the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Direction Générale de la Concurrence, de la Consommation et de la Répression des Fraudes (DGCCRF) report on trends in financial scams and their efforts to combat this rapidly growing phenomenon.
A phenomenon that is not weakening, with heavy losses for victims
The AMF said that financial scams are fraudulent acts that reach a wide audience and take a variety of forms, including bogus loan offers, savings accounts, payment and insurance services and even green or crypto-asset investments.
The Paris Public Prosecutor’s Office estimates the overall loss suffered by victims…
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