Financial

Dentons is to defend the Royal Bank ofScotland (RBS) over allegations the bank’s staff falsified a customer’s loan documents, The Lawyer reports.

https://www.scottishlegal.com/article/dentons-to-defend-rbs-in-alleged-fraud-case

LONDON (Reuters) - Three former Barclays (BARC.L) executives face a London jury in a high-profile criminal trial over how the British bank secured billions of pounds from Qatari investors and averted a taxpayer-funded bailout during the global financial crises in 2008.

https://uk.reuters.com/article/us-britain-barclays-qatar/former-top-barclays-bankers-face-fraud-trial-over-2008-qatar-rescue-idUKKBN1WJ1VH

It’s not hard to see why there have been so many cryptocurrency scams and why they’re so successful. It only needs a combination of folk who want to get rich in life but are, for some reason, too trusting and likely to fall for a scam, and thieves — and there’s no shortage of either.

https://uk.finance.yahoo.com/news/forget-bitcoin-sure-avoid-scams-124948246.html?soc_src=social-sh&soc_trk=tw

Martin Shields and Nick Diable are accused of tax fraud in ‘cum-ex’ scandal worth €60bn that exposes City’s pursuit of profit

A milkman who got into financial difficulties has been sentenced for money laundering.

As the e-commerce industry becomes increasingly aware of the costs of fraud, merchants across the board are looking for more sophisticated fraud prevention solutions.

https://www.itproportal.com/features/for-payment-service-providers-fraud-can-be-a-competitive-advantage/

The finance industry prevented £820 million of unauthorised fraud in the first half of 2019, up 14 per cent on the previous year, according to the latest figures from UK Finance.

https://www.finextra.com/pressarticle/80050/banking-industry-stops-45mn-of-fraudulent-payments-per-day-uk-finance-finds

Fraudsters duped customers into transferring more than £200m through their bank accounts during the first six months of this year.

Elliott Gunton, one of the teenage hackers who broke into TalkTalk’s systems in 2015, faces extradition to the US to face fraud charges

Facebook has revealed more details about its controversial cryptocurrency project, unveiling which currencies will be used to back it.