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Watch out for Brexit scammers, says UK financial regulator

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Scammers might seek to take advantage of uncertainty around Brexit to trick unsuspecting Brits, the Financial Conduct Authority (FCA) warned today.

The regulatory said consumers should beware of unexpected calls, emails and text messages, and told consumers never to hand over their debit card pins.

The warning came as part of a notice advising consumers on how Brexit could affect their financial products and services.

“During this period of uncertainty there is a greater risk of scams,” the notice said.

“If you have any doubts at all about what you are being asked to do, check with your provider. Always use contact details you can trust, for example the phone number on your bank statement or policy documentation.”

The FCA said it has plans in place to ensure financial services keep operating even if there is no transition period when the UK leaves the EU in March.

But it warned that European Economic Area (EEA) citizens and UK citizens living in the EEA that they could be affected if their UK bank provider cannot operate in the EEA after Brexit.