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The watchdog says it is working on getting the fake site taken down. The Financial Conduct Authority (FCA) has warned of an attempt to reproduce its Financial Services Register on a non-FCA website.
https://www.insuranceage.co.uk/regulation/7514981/fca-warns-of-financial-services-register-clone
Surrey Police have warned of increasingly common investment fraud after victims lost hundreds of thousands of pounds to scammers last month.
https://www.ftadviser.com/regulation/2020/06/10/police-warn-of-investment-fraudsters-targeting-the-elderly/
Over the past few months, numerous organizations and agencies—including the intergovernmental Financial Action Task Force, UK Financial Conduct Authority, Dubai Financial Services Authority, and U.S. Financial Crimes Enforcement Network—have stressed the need to preserve the integrity and security of the global payments system during and after the pandemic.
https://www.anticorruptionblog.com/anti-money-laundering/responding-financial-crime-risks-during-covid-19/#disqus_thread
A High Court judge is preparing to oversee a £1.6 billion fight between a high-profile businesswoman and Barclays.
Customers will soon be able to check if the name of the person or company they think they’re paying via online bank transfer matches the actual name on the account, in a measure to thwart bank transfer scams.
https://www.moneyexpert.com/news/banks-introduce-confirmation-of-payee-to-tackle-fraud/
Barclaycard Payments, which processes almost 40 per cent of card transactions in the UK, is to provide merchant customers with real-time fraud detection software from Kount.
https://www.finextra.com/newsarticle/35934/barclaycard-adopts-sca-busting-fraud-module-from-kount
Millions of pounds of laundered criminal money has been recovered by the National Crime Agency after an investigation into a corrupt Liberian business account.
https://nationalcrimeagency.gov.uk/news/nca-recovers-8-million-linked-to-international-organised-crime
Fraudsters are beginning to find the cracks in the armor of blockchains and cryptocurrencies. Initial coin offerings, Simple Agreements for Future Tokens and fake currencies are vulnerable areas. Here’s practical information for warning your organizations and clients.
https://www.fraud-magazine.com/article.aspx?id=4295010599&mkt_tok=eyJpIjoiTVRGa1ltRTJPRFUzTnpoaCIsInQiOiJrRTV3KzZQWlljcE94VFhHNkRoRU4zNHFjMnpTN0dheFR6cUlaUDhsbFpqY28zZFdQR01JVnBvWVFVcFpZUVAyZlpIbVJMZEFlTm9OVWVoNStXdEJJSjg1djJLcld2THRrSGdmeXVUNjF0SkxrNGVSZGJSMkh6ejJBZTgrcXFVMkw2eFl6VlErK0JLMDBQRk9ETnM3UkE9PSJ9#.XsGqIaBJYFc.twitter#.XsGqIaBJYFc.twitter
Two men have been charged with money laundering offences after £90,000 was found in a vehicle attempting to cross the UK border.
https://nationalcrimeagency.gov.uk/news/two-men-charged-in-cash-find-at-the-border
Authorities in London have frozen more than 1.9 million euros (US$2.05 million) held in bank accounts with alleged links to the Italian mafia.
https://www.occrp.org/en/daily/12190-uk-police-seize-2-million-in-money-laundering-sting/
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