Financial

The study used Google search metrics to determine which banks were facing the most fraud.

https://www.digit.fyi/revealed-bank-customers-facing-the-most-fraud/#.ZAHeFLQkN5Y.twitter

Legal experts have urged UK businesses to pay close attention to upcoming changes to the 2017 Money Laundering Regulations (MLRs) that will impose further compliance requirements on in-scope firms.

https://www.pinsentmasons.com/en-gb/out-law/news/experts-warn-uk-businesses-of-imminent-changes-to-anti-money-laundering-regulations

THE case of a Kilbirnie man who allegedly scammed £7 million from a top US Bitcoin broker has been highlighted as one of Scotland’s biggest recent fraud cases.

https://www.ardrossanherald.com/news/23342774.kilbirnie-bitcoin-scammer-highlighted-new-scotland-fraud-report/

The finance industry regulator has warned financial technology firms they need a “significant shift in culture and behaviour” to avoid a clampdown under tough new rules.

https://www.msn.com/en-gb/money/other/fraud-fears-spark-fca-warning-to-finance-firms-look-after-your-customers-or-face-action-under-new-rules/ar-AA17LYtk

Trio guilty of multi-million dollar fraud linked to Libya

https://www.professionaladviser.com/news/4076386/fund-managers-guilty-gbp7m-sovereign-wealth-fraud

Two fund managers have been jailed for a total of 11 years after committing a large-scale fraud amounting to more than 10 million US dollars which resulted in the loss of money meant for the people of Libya.

https://uk.sports.yahoo.com/news/finance-managers-jailed-defrauding-libyan-162900146.html/

Financial watchdog warns over rise of ‘fin-fluencers’ targeting younger people on social media

https://www.theguardian.com/money/2023/feb/03/scams-fca-blocks-more-than-10000-ads-from-instagram-facebook-and-youtube?CMP=share_btn_tw

The UK’s trade finance banks are joining forces with the International Chamber of Commerce United Kingdom (ICC UK) in a new initiative to stamp out duplicate financing fraud, a practice that the business organisation says has siphoned “billions of dollars” from the global financial services industry.

https://www.gtreview.com/news/europe/uk-banks-to-take-action-on-trade-finance-fraud-in-new-icc-led-project/

Basic security flaws on some of the biggest banks' websites and apps are putting consumers at increased risk of falling victim to fraud, as found by research undertaken by Cheltenham based cybersecurity consultancy, Red Maple Technologies, on behalf of Which?

https://www.punchline-gloucester.com/articles/aanews/bank-security-flaws-put-consumers-at-risk-from-fraud

A fraudster who ran a £2.7mn investment scam has been jailed for nine years.

https://www.ftadviser.com/investments/2023/02/06/scammer-jailed-over-2-7mn-investment-fraud/