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FSA hit squad to target on-line fraud

The Financial Services Authority are training a hit squad of officials to surf the net for on-line fraudsters.


The FSA are hoping the move will prove a cost-effective way to crackdown on the growth of UK internet fraud.


The regulator has teamed up with international watchdogs, including the US Securities and Exchange Commission, to maximise the officials&#39 weekly training hours as well as share information on global con artists.


FSA head of enforcement Dan Waters says: “We are trying to organise co-ordinated surfing of the internet by regulatory staff, but Internet fraud is growing not ballooning.”



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