Financial

Two British nationals have been charged with unlawfully obtaining more than 9bn Danish crowns ($1.5bn, £1.1bn) through a sham trading scheme that allegedly involved making double tax reclaims as far back as 2016.

COPENHAGEN (Reuters) - Danish prosecutors said on Thursday they had charged two British nationals with unlawfully obtaining more than 9 billion Danish crowns ($1.5 billion) via a sham trading scheme to make double tax reclaims.

WORRYING gaps in online banking security systems that could help criminals to scam customers, have been exposed in a new investigation.

HSBC has inked a multi-year deal with Silent Eight, recruiting the regtech startup in its efforts to fight financial crime.

The Treasury has been asked to look at increasing the limit from £45

Kweku Adoboli's risky trading and his desperate attempts to cover it up wiped £2.7bn off UBS’s market capitalisation.

Skipton Building Society has prevented a loss of £61m to fraud in 2020 but said it has seen a decrease in fraudulent activity.

COVID-19 has rapidly accelerated digitisation of the customer experience, particularly with respect to how consumers shop, pay and bank. The shift to digital channels has been an important lifeline for many consumers, providing access to essential products and services during a time when physical contact must be significantly reduced or eliminated.

The Financial Conduct Authority (FCA) has established a Temporary Registration Regime to allow existing cryptoasset firms, who have applied to be registered with the FCA, to continue trading.

Fraudsters could make off with over £400m ($533m) of UK taxpayer money stolen through COVID-19 support loans.