Financial

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

The UK’s Financial Conduct Authority (FCA) is consulting on requiring investors in open-ended property funds to give notice of up to 180 days before redeeming their investment.

https://www.pinsentmasons.com/out-law/news/fca-plans-reduce-liquity-mis-match-property-funds

The Financial Conduct Authority (FCA) is investigating more than 150 Coronavirus-related scams since the outbreak began, according to official figures.

A former adviser has been charged alongside two others in a fraud investigation into the collapsed Axiom Fund.

The Serious Fraud Office (SFO) has charged three men with multiple offences in connection with the 2012 collapse of the Axiom Legal Financing fund, with the trio accused of carrying out a fraudulent scheme to divert money from the vehicle for their own benefit.

The founder of Travelex-owner Finablr stepped down as chairman and director on Monday after a fraud scandal that engulfed the payments firm.

https://www.sharecast.com/news/news-and-announcements/finablr-founder-steps-down-as-hmrc-suspends-payments-unit--7610727.html

Bank transfer fraud victims are facing a lottery trying to get their money back, a new report reveals.

https://www.sundaypost.com/fp/lottery-of-bank-scam-refunds/?utm_source=twitter

Police have seized £115,000 of cryptocurrency believed to have come from fraudulent applications for bounce back loans designed to help small businesses during the Covid-19 pandemic.

https://www.itv.com/news/anglia/2020-08-14/woman-arrested-in-connection-with-covid-19-fraud

The UK’s Financial Conduct Authority (FCA) has published a new report highlighting concerns about the conduct of high-cost lending firms in re-lending, and the resulting negative impact on consumers.

Criminals are defrauding people into making fake investments using forged news stories promoting investment advice from celebrities, the public is being warned.