Financial

The UK Supreme Court denied US investment bank Citibank’s request to challenge a lower appeal court’s ruling that British tax authorities were not required to prove the bank was dishonest amid allegations EU carbon trading activities were linked to VAT fraud.

https://carbon-pulse.com/47624/

Europol says criminals are hiding billions in cryptocurrencies, as thousands of government and other websites have reportedly been used to hijack computers to mine more

http://www.computerweekly.com/news/252434855/Criminals-hijack-government-sites-to-mine-cryptocurrency-used-to-hide-wealth

The Serious Fraud Office (SFO) has charged Barclays Bank in regard to a loan provided to the State of Qatar in 2008.

https://www.itv.com/news/2018-02-12/serious-fraud-office-charges-barclays-bank-over-2-2-billion-qatar-loan/

An accountant from South Wales who stole and laundered more than £1.3m while working for the government of Bermuda has been jailed at Cardiff Crown Court

https://www.cps.gov.uk/cymruwales/news/man-jailed-money-laundering-after-stealing-cash-bermudan-government

Fraudsters are innovating constantly to commit new types of cybercrime, but they also need to create mechanisms to move their ill-gotten gains into cash in hand. This is where mule accounts come in.

https://securityintelligence.com/how-cybercriminals-use-money-mule-accounts-to-profit-from-online-fraud/

Illegal money lender sentenced to three and a half years imprisonment by a Judge in Southwark Crown Court after guilty verdicts for offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000.

https://www.fca.org.uk/news/press-releases/convicted-illegal-money-lender-sentenced-three-and-half-years-imprisonment

Five men who helped launder more than £1.2m stolen by cold-callers who phoned BBC reporter Shari Vahl have been sentenced.

http://www.bbc.co.uk/news/business-43002870

Fraudsters claiming to be from the Ombudsman are cold-calling victims and telling them they have a cheque for a large amount of money from a compensation claim.

https://actionfraud.police.uk/news/fraudsters-pose-as-financial-ombudsman-service-staff-with-fake-compensation-feb18

Student reveals how other students are becoming money mules

http://www.thisismoney.co.uk/money/beatthescammers/article-5359931/How-university-students-targeted-money-mules.html

Fraudsters offering investments in binary options, contracts for difference (CFDs), forex and cryptocurrencies (such as Bitcoin) often promote themselves online and via social media channels, such as Facebook, Instagram and Twitter.

https://actionfraud.police.uk/news/investors-lose-over-87k-a-day-to-binary-options-fraud-jan18