The British Columbia Securities Commission (BCSC) launched a fraud-prevention campaign focused on how investment scams are increasingly using artificial intelligence to deceive investors. The initiative aims to help British Columbians recognise AI-enabled tactics and take practical steps to avoid becoming victims. The BCSC highlighted the use of chatbots, deepfakes and fake reviews to make scams harder to detect, citing research showing 71 percent of British Columbians are concerned about AI being used in investment fraud and more than half are unsure where to find information. Campaign materials include a music video and a dedicated microsite, avoidAIscams.ca, alongside guidance to check regulator warnings such as the BCSC’s Investment Caution List, verify registration via the National Registration Search and National Registration Database, and watch for common fraud red flags including guaranteed high returns, time pressure and unanswered questions.
British Columbia Securities Commission 2025-01-27
British Columbia Securities Commission launches campaign warning investors about AI-enabled investment scams
The British Columbia Securities Commission (BCSC) has launched a fraud-prevention campaign addressing the rise of AI-enabled investment scams. The initiative educates British Columbians on recognizing tactics like chatbots and deepfakes, and provides resources such as a microsite and guidance on verifying registration and identifying fraud red flags. Research indicates 71% of British Columbians are concerned about AI in investment fraud.