Spanish regulator warns of scam firms stashing cash abroad
24 Sep 15
Spain’s financial regulator has issued a warning about unauthorised firms scamming clients out of their money by transferring funds to accounts based abroad.
Appearance of respectability and success
The scammers know it is essential to look respectable and seem like financial market experts. So they dress smartly and elegantly and rent luxury offices. Sometimes it is difficult to get an appointment to meet them because they want to give the impression of being busy and in high demand.
