Financial

British detectives have seized $22.25 million from operators of an international cryptocurrency scam. Among the items seized was a USB stick containing ethereum worth $9.5 million. The police are now attempting to contact the victims of this scam to return their funds.

https://news.bitcoin.com/uk-police-seize-usb-stick-ethereum-worth-9-5-million/

Binance is one of the leading crypto assets exchanges globally. Since its establishment, the firm has seen tremendous growth.

https://www.thecoinrepublic.com/2021/08/14/binance-will-look-for-crypto-hackers-in-london-court/

The Financial Conduct Authority received a total of 2,754 separate allegations of misconduct in the past 12 months, including fraud, money laundering and compliance complaints.

The Serious Fraud Office has launched a major fraud investigation into Gavin Woodhouse, the care home entrepreneur.

https://www.thebusinessdesk.com/northwest/news/2083536-anti-corruption-agency-launches-major-fraud-investigation-into-former-care-home-boss#.YROq2tW4sqk.twitter

The Serious Fraud Office has launched a fraud and money laundering investigation into care homes entrepreneur Gavin Woodhouse.

https://www.alloaadvertiser.com/news/national-news/19500741.care-homes-entrepreneur-gavin-woodhouse-fraud-office-investigation/?ref=twtrec

A network for crypto-related fraud has been launched by a group of law firms, including Grant Thornton, in a bid to make the UK a global centre for crypto dispute resolution, amid a rise in scams.

https://www.cityam.com/london-law-firms-launch-first-global-crypto-fraud-network/

The Financial Conduct Authority (FCA) has banned jailed adviser David King who is currently serving a six-year and four-month sentence for crimes of fraud and theft.

https://www.professionaladviser.com/news/4034884/fca-bans-jailed-adviser-fraud-conviction

The risks of trusting a recommendation of a celebrity regarding investment opportunities has been highlighted yet again by the Daily Mail and the Sun revealing that a fraudulent Forex trader allegedly called Josh Chandler paid Katie Price to promote a scam Forex scheme to her followers on Instagram.

https://www.giambronelaw.com/site/news-articles-press/library/articles/celebrity-endorsement-by-katie-price-promotes-scam?utm_source=Mondaq

In what Google described as a “significant additional measure” to protect both its users and legitimate advertisers, and to prevent scammers exploiting its various platforms, the multinational tech giant recently announced its intention to clamp down on financial fraud by forcing all financial services advertisers to demonstrate that they are authorised by the Financial Conduct Authority (FCA).

New guidance issued by HM Revenue & Customs (HMRC) emphasises the increased focus of law enforcement agencies to disrupt the use of the art market as a vehicle for money laundering, an expert in white collar crime and investigations has said.

https://www.pinsentmasons.com/out-law/news/hmrc-identifies-aml-risks-facing-the-art-market