Financial

Action Fraud is informing the public of how to protect themselves from investment fraud, after reports spiked following the first national lockdown caused by the coronavirus outbreak.

Victims of investment fraud have lost at least £657m in the past year, as scammers preyed on financial vulnerability caused by the coronavirus pandemic.  

SIA, a leading European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity, launches a new digital service for banks, payment service providers and other financial institutions across Europe to allow their customers to speed-up the authentication process for online payments, in line with PSD2 security standards.

See the breakdown of the age groups and genders of those targeted by fraudsters, which has spiked since the start of the Coronavirus pandemic

The UK’s Financial Conduct Authority (FCA) has confirmed that it is delaying the implementation of the Senior Managers & Certification Regime (SMCR) Conduct Rules for solo-regulated firms.

The transition to working from home and the economic turbulence associated with the Covid-19 pandemic have created new compliance challenges for firms subject to particular obligations to tackle market abuse and insider dealing.

British Business Bank said lenders had rejected 26,933 loans under the scheme.

A woman who has been ordered to hand over more than £80,000 in a National Crime Agency investigation claimed £25,000 of it was found under her grandmother’s bed.

Carlton Cushnie set up a finance company which was valued at an estimated £230m, but made only one trade finance loan in its existence, which actually lost money.

Digital payments are fuelling a multibillion-dollar fraud surge worldwide, according to new research from SAS.

https://securitybrief.co.nz/story/digital-payments-fuelling-fraud-surge-during-covid-crisis