In any event, complaining to a bank and asking for a chargeback doesn't always need to involve the finance cops. If a bank had a client prosecuted for something like this, they'd quickly find themselves shot on clients as soon as the press ran with "Bank protects robbers from victim"
# 3. They hate to see money disappear …….
to be more precis, in this country, the French AMF regulator instruct victims to file criminal charges against non authorized firms proposing investment…., an investigation Judge was named, tracing numerous broker websites and their fund collecting methods.
Chargeback rules are not new, however every new day scam firms (license suspended or fully fake) still manage to collect funds, quite some victims, many elderly persons, trusted their account managers, (who eventually blew the account or disappeared) these victims never traded , many didn’t even manage to print out their historic or account balance, the regulators instruction make sense to me, by the way forwarding a criminal complaint to your bank, sure will trigger some alarm bells.
Country’s regulator normally provide sufficient information’s, if involved with a clean firm, most likely no need for chargeback procedures ?