Financial

A fraudster who duped more than 8,000 people into investing in celebrity-backed luxury Caribbean holiday resorts in a £226m scam has been jailed.

https://www.bbc.co.uk/news/uk-england-essex-63058237

UK investors lost £36million in fraud last year relating to the crypto firm Binance before it partnered with Cristiano Ronaldo, fresh police figures have revealed.

https://www.cityam.com/exclusive-uk-police-record-36m-fraud-linked-to-cristiano-ronaldo-backed-cryptocurrency-giant-binance/

Recently announced enforcement action should spur businesses across all sectors of the economy to risk assess their exposure to breaching UK sanctions, an expert has said.

https://www.pinsentmasons.com/out-law/news/fine-shows-uk-sanctions-risk-extends-beyond-financial-services

A big topic for this Sibos (and most past ones too) is how to stamp out financial crime without disrupting or degrading high quality service experiences for the vast majority of honest (and very important and valuable) customers.

https://www.finextra.com/blogposting/23019/fighting-financial-crime-in-2022

The UK’s financial services sector must help regulators spot developing financial crime threats as the cost-of-living crisis starts to bite, according to one legal expert.

https://www.pinsentmasons.com/en-gb/out-law/news/firms-fca-eyes-and-ears-financial-crime

A financial adviser accused of involvement in the Axiom fraud trial will face a retrial in March 2024, a court has heard. 

https://www.ftadviser.com/regulation/2022/09/02/retrial-set-for-adviser-accused-of-axiom-involvement/

A corrupt solicitor who pocketed almost £20million of investors’ money was jailed for 14 years at Southwark Crown Court on Thursday.

https://uk.finance.yahoo.com/news/solicitor-jailed-14-years-pocketing-181756731.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

A man who duped more than 8,000 people into investing in luxury Caribbean holiday resorts in a £226 million scam has been found guilty of fraud.

https://uk.news.yahoo.com/businessman-duped-over-8-000-113853509.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Aman has been banned for 14 years after investors were defrauded of £360,000. 

https://www.ftadviser.com/investments/2022/08/12/man-banned-for-14-years-after-360k-fraud/

Three men involved in a £13.7 million fraud with homes on the Crossrail route where elderly victims were stripped of their life savings have been jailed.

https://uk.news.yahoo.com/elderly-victims-duped-13-million-170000193.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr