Financial

A reality television star has appeared in court accused of conspiring to defraud investors in a £3m scam.

Hannu Kailajärvi was born in Finland in 1972 and went on to complete a computer science degree at a technical college before dabbling in various entrepreneurial schemes with his wife. These included a restaurant, a music bar and then an internet marketing firm.

https://moneyweek.com/513314/great-frauds-in-history-hannu-kailajarvi/#.XV5eRTbO5ZE.twitter

Like many recent inventions, digital banking and e-commerce have made our lives substantially better. Designed to save time and money, they’ve empowered consumers, created thriving marketplaces and allowed businesses to embrace asset-light business models. Open banking was quick to follow, allowing consumers to benefit from better deals, access to new products and services, and to have better control over their money.

https://www.finextra.com/blogposting/17762/psd2-its-time-for-digital-banking-and-e-commerce-to-innovate

More than 8,000 investment fraud reports have been made so far this year, more than double the amount in the same period last year, a Freedom of Information request has revealed.

https://www.professionaladviser.com/professional-adviser/news/3080521/investment-fraud-reports-surge-to-more-than-8-000-so-far-this-year

More than 8,000 investment fraud reports have been made so far this year, more than double the amount in the same period last year, a Freedom of Information request has revealed.

https://www.professionaladviser.com/professional-adviser/news/3080521/investment-fraud-reports-surge-to-more-than-8-000-so-far-this-year

The Serious Fraud Office, working in conjunction with the Financial Conduct Authority, is investigating individuals associated with London Capital & Finance Plc. 

https://www.sfo.gov.uk/cases/london-capital-finance-plc/

The UK Financial Conduct Authority has agreed to offer the payments and e-commerce industry extra time to implement Strong Customer Authentication.

(Reuters) - The UK’s financial regulator, the Financial Conduct Authority (FCA), has launched an investigation into alleged fraud at five-a-side football pitch operator Goals Soccer Centres Plc (GOAL.L), the Sunday Times newspaper reported.

https://uk.reuters.com/article/us-goals-soccer-ctr-accounts-fca/watchdog-launches-probe-into-alleged-fraud-at-uks-goals-soccer-sunday-times-idUKKCN1V1003

Three senior former Barclays executives are set to face a criminal trial in October on charges relating to their involvement in Qatar’s participation in an emergency fundraising at the height of the financial crisis.

https://www.cityam.com/trio-of-ex-barclays-execs-facing-october-trial-over-qatar-financial-crisis-fundraisings/

ALMOST £8 million worth of fraudulent transactions were stopped in Scotland last year by a new rapid response scheme.

https://www.thenational.scot/business/17825201.anti-fraud-scheme-stops-8m-worth-scams-scots/?ref=twtrec