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Financial Conduct Authority launches Firm Checker consumer tool

Public Sector Action
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H score 28
1 unique sources, 1 articles

Summary

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The FCA launched Firm Checker, a consumer tool designed to help people verify whether a financial firm is authorized and reduce online investment fraud. The service also lets users compare a firm's contact details with the regulator's records, which can help spot impersonation and scam setups. The launch matters because the FCA said 800,000 individuals reported losses to investment or pension scams in the 12 months to May 2024. Commentators said the tool is useful, but fraud driven by social engineering, social media, and money mule networks still requires broader disruption.

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Timeline

  1. 11.12.2025 12:30 2 articles · 5mo ago

    FCA launches Firm Checker

    Initial Disclosure

    The Financial Conduct Authority (FCA) launched Firm Checker, a consumer tool that lets people verify whether a financial firm is authorized, whether it has permission to provide the service it claims to offer, and whether the firm's contact details match FCA records before they engage with an investment, pension, loan, or other financial service.

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  2. 11.12.2025 12:30 1 articles · 5mo ago

    Fraud losses and scam channels remain high

    Victim Impact Update

    The FCA cited 800,000 individuals who reported losing money to investment or pension-related scams in the 12 months to May 2024, and UK Finance said related Authorized push payment (APP) fraud losses rose 12% year-on-year (YoY) in the first half of 2025, with investment scams driving 38% of APP fraud losses. BioCatch and Capco cautioned that social engineering, social media, telephone-based scammers, text or messaging apps, and money mule networks continue to fuel fraud and require broader disruption.

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