Financial

Financial sanctions orders prohibit a firm from carrying out transactions with a person or organisation (known as the target). In some cases, the order will prohibit a firm from providing any financial services to the target.

https://www.fca.org.uk/firms/financial-crime/financial-sanctions

Police raided trade union Unite’s London offices over allegations of bribery, fraud and money laundering, while one of its employees is subject to a criminal investigation.

https://www.cityam.com/police-raid-unites-hq-over-bribery-fraud-and-money-laundering-claims-with-one-employee-under-investigation/

Police have searched the headquarters of the Unite union as part of an investigation into allegations of bribery, fraud and money laundering.

https://www.bordertelegraph.com/news/20053196.unite-headquarters-searched-police-investigate-bribery-fraud-allegations/?ref=twtrec

The head of the UK’s financial regulator has called on Facebook to take action against investment scams.

https://www.cityam.com/financial-watchdog-chief-calls-on-meta-to-up-its-game-with-blocking-investment-fraud/

The Financial Conduct Authority (FCA) has announced a new strategy to shut down “problem firms” that do not meet basic regulatory standards.

https://uk.finance.yahoo.com/news/financial-conduct-authority-plans-faster-071639473.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Crypto investment fraud in the UK has continued to rise sharply in the UK with a total of 9,458 cases reported in 2021 up 64% from the 5,758 reported in 2020, says Pinsent Masons, the multinational law firm.

https://ifamagazine.com/article/pinsent-masons-reports-of-crypto-investment-fraud-continues-to-rise-sharply-up-64-in-a-year-to-nearly-10000-cases/

Barclays was fined over £783,000 for failing to exercise "due skill, care and diligence" in its dealings with Premier FX - but has now paid millions more to fully redress people's losses.

https://news.sky.com/story/fraud-victims-who-lost-properties-life-savings-and-pension-pots-win-10m-in-premier-fx-battle-12574099

Crypto investment fraud in the UK has continued to rise sharply in the UK with a total of 9,458 cases reported in 2021, up 64 per cent, according to data from Pinsent Masons.

https://www.cityam.com/crypto-fraud-up-64-per-cent-as-investment-becomes-mainstream/

FW discusses cryptoasset fraud investigations and asset tracing with Carmel King at Grant Thornton.

https://www.financierworldwide.com/cryptoasset-fraud-investigations-and-asset-tracing#.Ykqq8ijMKUl

Fraud relating to Non-Fungible Tokens (NFTs) is growing in the UK, with 10 cases reported in 2021, an increase from just two in 2020, says multinational law firm Pinsent Masons.

https://ifamagazine.com/article/reports-of-nft-fraud-are-now-starting-to-rise-in-the-uk-says-pinsent-masons/