The Belgium Financial Services and Markets Authority has published its half-yearly dashboard on investment fraud for the second semester of 2024, including full-year 2024 figures, to provide statistics and an overview of trends in unauthorised investment activity. The release highlights that consumer reports relating to cryptocurrency scams or fraudulent trading platforms again accounted for about half of the fraud reports handled by the FSMA in the second half of the year. Between July and December 2024, Belgian consumers reported collective losses of EUR 15,904,356.38 due to fraud. For 2024 as a whole, the FSMA received 2,621 reports regarding unauthorised activities, a 20% increase from 2023, and published 16 warnings covering 297 fraudulent entities and 396 websites.
Belgium Financial Services and Markets Authority 2025-01-16
Belgium Financial Services and Markets Authority publishes 2024 investment fraud dashboard showing EUR 15,904,356 in H2 losses and 20% rise in reports
The Belgium Financial Services and Markets Authority released its half-yearly dashboard on investment fraud, revealing cryptocurrency scams and fraudulent trading platforms comprised about half of the fraud reports in the second half of 2024. Belgian consumers reported losses totaling EUR 15.9 million between July and December 2024. The FSMA received 2,621 reports of unauthorised activities in 2024, marking a 20% increase from 2023, and issued 16 warnings against 297 entities and 396 websites.