PIMFA Launches Fraud Prevention Guide As Part Of Campaign To Protect Consumers From Online Fraud Date
07/05/2021
PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has launched a guide to online fraud prevention for member firms as part of its campaign to make the internet safer for consumers.
The guide for firms provides information on the most common examples of fraud that PIMFA has identified in the past few years, including impersonation fraud, retail bond fraud, social media fraud and cloned websites. It also provides examples of real-life situations in which a firm or its clients were the victims of fraud, as well as advice on best practice to help prevent fraudsters from gaining access to clients.