Financial

Victims, including some aged over 100, have been targeted by fraudsters before banks stepped in to prevent big losses.

A woman has been arrested on suspicion of laundering money for a man who ran a network of over 400 properties used by organised crime groups involved in prostitution, cannabis cultivation and illegal immigration.

Two men have been convicted of money laundering for an organised crime network that was defrauding victims of millions of pounds through ‘smishing’.

http://news.met.police.uk/news/two-men-have-been-convicted-of-money-laundering-409963

The financial regulator has spent more than £300,000 in the first half this year fighting fraudulent and misleading adverts online.

Thirteen people including a former UK energy minister are being sued for £178m in connection with an alleged fraud at London Capital & Finance, where investors’ cash is said to have been used to buy horses, a helicopter and lifetime memberships to Annabel’s, the Mayfair private members’ club.

https://www.ft.com/content/93dd8947-3188-4510-adbc-95b1c1549eb6?segmentId=bf7fa2fd-67ee-cdfa-8261-b2a3edbdf916

A much more intelligent person than me once saidthat cryptocurrency is “everything you don’t understand about money combined with everything you don’t understand about computers.”

Oasis Labs has joined the CryptoSafe Alliance, an association led by leading crypto exchange Binance.

A DUNFERMLINE pensioner was saved from handing over thousands of pounds to fraudsters thanks to a crime prevention partnership.

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A recent fine issued by HM Revenue & Customs (HMRC) against Purplebricks has highlighted the increased scrutiny estate agency businesses are coming under in the UK for their compliance with anti-money laundering (AML) regulations, experts have said

https://www.pinsentmasons.com/out-law/news/hmrc-aml-estate-agents