Scammers Impersonating Banks: Beware of Fraud!

Warning Investors – Fraudsters fraudulently using the name of several banks, and market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)


In a world where fraudsters continually evolve their tactics, it’s crucial for consumers to stay informed and vigilant. Scammers often impersonate major banks, luring unsuspecting victims with enticing offers of savings plans that promise extraordinary returns and the safety of their capital. However, the harsh reality dawns on victims when they attempt to recover their investments. The Financial Services and Markets Authority (FSMA) has been actively monitoring this alarming trend and has issued warnings against fraudsters posing as banks under various names, including BGL BNP Paribas Fortis, Bunq, Fineco, Revolut-épargne, Triodos, and the London Stock Exchange[1].

Regulation and Compliance: FSMA Issues Warnings

Since 2021, the FSMA has been at the forefront of efforts to protect consumers from these deceitful practices. The regulatory body emphatically advises consumers to exercise extreme caution when receiving communications from purported financial institutions. It is imperative to scrutinize the email addresses or contact details provided by these entities. If any doubt arises, consumers are encouraged to directly contact the FSMA via their consumer contact form. Additionally, the FSMA welcomes reports from individuals who have encountered suspicious companies that have not yet been subject to their warnings[1].


The scammers’ reputation, as you might expect, is far from commendable. Engaging in deceptive practices and impersonating reputable banks severely tarnishes their image. However, it is essential to note that these fraudsters operate in a clandestine manner, making it difficult to find specific customer reviews or feedback related to their fraudulent activities.

Customer Support and Customer Reviews:

Given the nefarious nature of their activities, it comes as no surprise that there are no legitimate customer reviews available for these fraudulent schemes. Victims often find themselves unable to share their experiences or seek recourse.

Products and Services:

These fraudsters are crafty, offering enticing savings plans that promise returns well beyond what the legitimate market can provide. Moreover, they often dangle the tempting lure of a capital guarantee. In some instances, the scammers may extend their deception to offer other banking services, including credit. Here, the scam typically involves demanding fees that are supposedly necessary to secure credit. This dangerous blend of appealing promises and financial deception has the potential to inflict severe harm on unsuspecting consumers[1].


One disturbing aspect of these fraudulent activities is that they are not confined to a particular geographical location. These scammers cast their net far and wide, endangering consumers worldwide. Hence, it’s paramount for individuals globally to be vigilant and well-informed regarding these scams.

Customer Service:

Impersonating banks and offering high-yield savings plans with a capital guarantee might seem like a dream come true for some. However, the nightmare begins when victims realize they cannot recover their hard-earned money. To avoid falling victim to these cunning scammers, consumers must exercise caution and thoroughly verify the authenticity of the banks they deal with. Always remember: if an offer seems too good to be true, it likely is.


The prevalence of scammers impersonating banks underscores the importance of remaining vigilant in today’s digital age. Consumers should be exceptionally cautious when receiving emails or communications from financial institutions. The FSMA’s consistent warnings since 2021 serve as a crucial resource for staying informed and protected. Take the initiative to scrutinize email addresses and contact details, and when in doubt, don’t hesitate to reach out directly to the FSMA via their consumer contact form. If you come across a suspicious company not yet flagged by the FSMA, consider reporting it to further protect others from potential harm[1].


[1] Financial Services and Markets Authority (FSMA). (

Best Website For Identifying Scam Crypto Brokers.

File Your Crypto Cointrace Now !