Sweden's Financial Supervisory Authority (Finansinspektionen, FI) updated its consumer warning list with 40 new actors it says lack authorisation to offer financial services in Sweden, cautioning that the names are being used by fraudsters to market fake loans and investment opportunities. FI said the actors contact consumers through various channels, including social media, and may offer purported investments or loans without credit checks to individuals who may struggle to borrow from traditional banks. The offers may appear unusually attractive, but once a consumer pays fees or makes a deposit, the funds cannot be recovered. FI also reported an increase in so-called “recovery rooms”, where fraudsters claim they can help victims retrieve losses from previous scams but instead demand additional advance payments, often while posing as well-known firms, authorities or banks. The authority pointed consumers to FI’s company register to confirm whether a firm is licensed and recommended checking the home supervisor’s authorisation for international firms; the warning list is updated continuously and is also published in IOSCO’s international database.
Finansinspektionen 2025-10-03
Sweden's Financial Supervisory Authority adds 40 new names to its warning list of unlicensed financial service providers
Sweden's Financial Supervisory Authority (Finansinspektionen, FI) added 40 unauthorised actors to its consumer warning list, highlighting their use in fraudulent loan and investment schemes. These actors contact consumers via social media, offering attractive but deceptive financial opportunities, and engage in "recovery room" scams. FI advises consumers to verify firm licenses through its register and the IOSCO database.