The Swedish Financial Supervisory Authority has published findings from an information-gathering exercise on how financial firms prevent, detect and stop investment fraud, estimating that Swedish consumers lost up to SEK 1.5 billion in 2025. Based on responses from around 200 financial institutions, the authority judged that firms need to prioritise anti-fraud work and ensure monitoring, internal routines and escalation processes function in practice. The estimate comprises SEK 830 million in confirmed investment fraud and SEK 620 million in suspected cases, with the total also including “pump and dump” schemes. Firms reported using measures such as transaction monitoring, staff training and customer communications, but the authority noted that fraud continues to generate significant consumer losses; institutions also described common patterns including initial contact by phone or social media, inducements to invest including in cryptoassets, and pressure to transfer funds to accounts abroad, often using manipulation, time pressure and promises of rapid returns. The authority will follow up how firms strengthen their work against investment fraud through ongoing supervision.
Finansinspektionen 2026-02-09
Swedish Financial Supervisory Authority estimates investment fraud cost Swedish consumers up to SEK 1.5bn in 2025 and flags tighter supervisory focus on firms’ controls
The Swedish Financial Supervisory Authority reported that Swedish consumers lost up to SEK 1.5 billion to investment fraud in 2025, based on data from around 200 financial institutions. The authority emphasized the need for firms to enhance anti-fraud measures, noting common fraud tactics such as phone or social media contact, inducements to invest in cryptoassets, and pressure to transfer funds abroad.