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The former Deal Or No Deal presenter wanted to challenge the board over an internal report about its handling of fraud at one of its branches during its AGM in Edinburgh on Thursday.
A whistleblower has heavily criticised the head of the Financial Conduct Authority for failing to investigate her complaints against Lloyds Banking Group, despite his assurances about the seriousness of the case.
LONDON (Reuters) - Banks in Britain could face fines if they make selective and arbitrary decisions about compensating customers who have fallen victim to fraud, the Financial Conduct Authority’s head of enforcement said on Wednesday.
Complaints to financial ombudsman up by 40% because of fraud, scams and payday loans
A more than 40% surge in consumer complaints about fraud and scams has helped push the overall number of gripes seen by the financial ombudsman to its highest levels in five years.
The regulating bodies and financial institutions are taking a number of measures to prevent financial fraud. Binary options trading, in particular, is being controlled with a greater degree of robustness to protect the unwary general public being drawn into a situation where they suffer financial losses.
Across financial services fraud is a growing issue and motor finance has seen a notable increase in recent years with criminals making fraudulent car finance applications using fake documents and identities to acquire and steal vehicles.
A convicted money launderer who tried to fly to Dubai with £1.5m in his suitcases has been ordered to hand over the money permanently.
Lloyds Banking Group has been forced to launch a review of a scheme set up to compensate victims of fraud at the Reading branch of HBOS.
The so-called “Troika Laundromat” fraud, uncovered after one of the largest banking information leaks ever, highlights the ever-growing importance for those within the regulated sector to implement robust customer due diligence (“CDD”) policies which are tailored to the specific money laundering risks posed by their customers.
Midlands Fraud Forum Ltd. Reg.No: 06436330 Copyright © March 2014