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FSA warns of fraudsters trying to exploit cost of living crisis

Authority says consumer protection remains a key priority

Fraudsters around the world may try and prey on residents and businesses amid the current cost of living crisis.

That's according to the Island's Financial Services Authority which says this isn't exclusively a threat to the Island but is an increasing global issue.

One of the FSA's key focuses going forward is on innovation and sustainability to be an effective regulator of the industry.

Its chief executive officer, Bettina Roth, says consumer protection will always form a key part of their efforts:

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