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Category: Competition / Regulation  Local Business News

“Fraud has no boundaries” to be focus of global webinar hosted by JFSC

Sep 28, 2021

The Jersey Financial Services Commission (JFSC) is hosting a global webinar on fraud and scams next week to mark World Investor Week, an international campaign to raise awareness about investor education and protection. 

Streamed live on Thursday 7 October, the webinar will bring together a number of expert panellists from America, South Africa and Jersey to look at how fraud and scams are impacting these jurisdictions. They will discuss the international reach of fraudsters, their criminal conduct in an increasingly digitalised world, and the psychological impact these crimes have on victims. 

The event is one of a number of international activities to mark World Investor Week, organised by the International Organisation of Securities Commissions (IOSCO). The JFSC is one of 230 jurisdictions taking part in the annual campaign. 

Diane Maxwell, the JFSC’s Director of Policy and Risk commented: “Financial fraud is increasingly sophisticated and widespread, targeting all demographics and impacting people of all ages. For victims who may lose their life savings and family home, the impact can be devastating. We are hoping webinars like these will better equip people to recognise fraud and act.” 

Pasquale Munafò, IOSCO Committee on Retail Investors, Chairman added: “We are all so grateful to Jersey for hosting this webinar to raise awareness about fraud and scams – one of our key messages for this year’s World Investor Week. As the webinar’s title rightly suggests, the borderless nature of fraud and scams is a concern for many retail investors and regulators. This is the fifth year that IOSCO has run this campaign and global support has grown exponentially, with more jurisdictions across six continents now taking part. This campaign plays a critical role in fostering confidence in the markets and protecting retail investors”. 

During the campaign week from Monday 4 to Friday 8 October, the JFSC will share resources on its website and social media channels about how Islanders can protect themselves against fraud and scams, as well as information about current trends that are occurring in the Island. 

Find out more about World Investor Week and sign up to the webinar on the JFSC website.

JFSC Press Release. 

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