The Luxembourg Financial Sector Supervisory Commission (CSSF) and the Directorate for Consumer Protection (DPC) warned consumers about fraudulent credit offers circulating on social media, where scammers use fake profiles and misuse the identity of banks or financial sector professionals to advertise extremely advantageous, no-constraint loans in order to steal money, and advised the public to contact the CSSF via its contact form if in doubt.
Luxembourg Commission de Surveillance du Secteur Financier 2025-04-25
Luxembourg Financial Sector Supervisory Commission and Directorate for Consumer Protection warn of fraudulent credit offers on social media
The Luxembourg Financial Sector Supervisory Commission and the Directorate for Consumer Protection issued a warning about fraudulent credit offers on social media. Scammers are using fake profiles and misusing the identities of banks to promote no-constraint loans to steal money. The public is advised to contact the CSSF if in doubt.