The Financial Conduct Authority (FCA) has launched a fresh call for social media firms to do more to prevent mass fraud on their platforms, City A.M. can reveal.

The City watchdog said in a report on Thursday that it issued 2,286 warnings last year alerting consumers about firms and individuals operating without its authorisation, up 21 per cent from 1,882 in 2022.

https://www.cityam.com/fca-urges-big-tech-to-crack-down-on-fraud-amid-rise-in-unauthorised-firms/