Financial

Anthony Constantinou’s trial to continue in his absence

Firm’s boss denies all seven fraud charges against him

Find out more about our work on reducing money laundering through cash deposits via the Post Office and our current expectations of firms’ controls.

In 2020, the UK National Risk Assessment of Money Laundering and Terrorist Financing highlighted an increase in criminal abuse of cash deposit services such as those offered at the Post Office.

https://www.fca.org.uk/firms/financial-crime/cash-based-money-laundering

An elderly couple who lost their £80,000 life savings to a fraudster pretending to be endorsed by Martin Lewis claim they were told by their account holder Revolut to use a foodbank when they asked for their money back.

https://www.msn.com/en-gb/money/other/pensioners-who-lost-%C2%A380000-told-to-use-a-foodbank-by-revolut/ar-AA1adwM2

A deceptive fraudster has been jailed after scamming over £1m from North East victims.

https://www.durham.police.uk/News/News-Articles/2023/April/Deceptive-fraudster-jailed-after-scamming-over-1m-from-victims.aspx

The UK’s finance watchdog has begun an investigation into beleaguered tech firm WANdisco amid concerns over fraud.

https://uk.sports.yahoo.com/news/fca-investigates-wandisco-amid-fraud-062423506.html

Victims who have lost thousands of pounds in a cruel scam that sees fraudsters impersonate their bank have slammed Revolut for their response.

https://www.thisismoney.co.uk/money/article-11927943/More-fraud-victims-speak-trendy-e-money-app-Revolut-refused-refunds.html

Three people have been jailed for a combined 24.5 years for their roles in an investment fraud after being prosecuted by the Financial Conduct Authority.

https://www.ftadviser.com/regulation/2023/04/06/three-jailed-for-total-of-24-5-years-for-1-2mn-investment-fraud/

The Financial Conduct Authority has begun criminal proceedings against four people accused of committing fraud.

https://www.ftadviser.com/fca/2023/04/06/fca-brings-charges-in-1-4mn-investment-fraud/

The Financial Conduct Authority has begun criminal proceedings against four people accused of committing fraud.

The regulator alleges that three men and one woman defrauded investors out of £1.4mn between February 2017 and June 2019, through investment schemes that were not genuine.

A man and woman from Nottingham have been arrested as part of an inquiry into a Ponzi investment scam.

https://www.bbc.co.uk/news/uk-england-nottinghamshire-65090049