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Financial fraud is a worldwide issue and it will come as no surprise that fraudsters take extreme measures to cover their tracks and hide the money they have taken from unsuspecting investors.
The Financial Conduct Authority (FCA) has published two consultation papers, setting out its proposals in the event the UK leaves the European Union on 29 March 2019 without an implementation period.
Banking lobby UK Finance has floated the idea of imposing a universal tax on funds transfers which banks could dip into to compensate victims of push payments fraud.
Former City trader Kweku Adoboli, who gambled away £1.4 billion in the UK’s biggest banking fraud, has been bailed from detention pending a decision over his deportation.
Former HBos banker behind a £245m swindle has been ordered to pay back just £130,000.
More needs to be done to raise awareness about the harm of fraud and financial crime.
As part of their study, they are conducting an independent survey to gain a better understanding of how professionals are targeted and recruited by organised crime groups (OCGs), the regulatory response to the threat of OCGs and the preventative measures aimed at safeguarding you as a professional.
The new director of the SFO announced that the agency will ramp up its efforts to crack down on money laundering and attempt to speed up charging decisions against individuals.
Tesco Bank has been fined £16.4m by the Financial Conduct Authority (FCA) for failing to exercise due skill, care and diligence in protecting its personal current account holders against a cyber-attack in November 2016.
The advertising watchdog has ruled Lloyds shouldn't be forced to ditch the claim it is "by your side" because HBos employees were found guilty of fraud.
Midlands Fraud Forum Ltd. Reg.No: 06436330 Copyright © March 2014