Fraudsters claim to be CySEC officers, appointed representatives of CySEC, such as legal advisors, other Cypriot supervisory authorities or other real or fake bodies. The scammers contact clients of CySEC regulated entities, often via emails and sometimes by telephone, which appear genuine and include the name, address, official stamp and logo of CySEC, fraudulently copying CySEC officials’ signatures. The fraudsters make false offers to assist investors with compensation claims for dealings they may have had with sanctioned firms – typically online trading firms offering speculative investment products.