03 April 2020

It is important to take extra care to watch out for scams related to coronavirus (Covid-19). These scams take many forms and could be about insurance policies, pensions transfers, or high-return investment opportunities, including investments in cryptoassets.

Scammers are sophisticated, opportunistic and will try many things. They are also very likely to target the vulnerable. Beware of investments that appear to be too good to be true. If you decide to invest in something offering a high return or in a cryptoasset, you should be prepared to lose all your money.

There are more tips and advice on avoiding scams on the FCA ScamSmart pages.

If you suspect a scam, call Action Fraud straight away on 0300 123 2040.