FCA warns Velnoriasavings.co.uk (velnoriasavings.co.uk) is an unauthorised firm targeting UK consumers

What happened

The UK Financial Conduct Authority (FCA) published a warning on 13 November 2026 that Velnoriasavings.co.uk is not authorised or registered by the FCA and may be providing or promoting financial services without its permission and targeting people in the UK. The FCA lists the website velnoriasavings.co.uk as details used by the firm. The FCA says that if you deal with an unauthorised firm you won't have access to the Financial Ombudsman Service or protection from the Financial Services Compensation Scheme, and that firms may give incorrect contact details or details belonging to another business, and may change them over time. Source: https://www.fca.org.uk/news/warnings/velnoriasavingscouk

How the scam works

Unlicensed investment and 'AI trading' sites usually start with a polished sign-up form, a promised high or guaranteed return, and pressure to deposit quickly, often after a call or a message on Telegram. Early small withdrawals may be paid so that you send more. Clone firms copy the name, and sometimes the address or phone number, of a real authorised business. Check the firm on your national regulator's register, and type the official website yourself rather than following a link. A regulator warning or a block order is not a finding that a particular customer lost money; it is a notice that the site is not authorised to offer those services.

If a message, a page or a caller creates urgency about money, a login or a legal threat, pause and check the claim through a contact method you already trust. Keep screenshots, reference numbers and the exact addresses or phone numbers you were given, and tell your bank early if money has already left the account. Official brands and authorised firms named in a lure are not involved unless a primary source says otherwise.

Source

Source: https://www.fca.org.uk/news/warnings/velnoriasavingscouk