Financial

Working together with Europol, Eurojust and the European Banking Federation (EBF), police forces from over 20 States arrested 168 people (so far) as part of a coordinated money laundering crackdown, the European Money Mule Action (EMMA).

http://news.cityoflondon.police.uk/r/1158/over_1500_money_mules_identified_in_worldwide_mon

A self-styled British trader who conned financial experts and some of his closest friends out of millions of pounds in a nine-year investment scam was sentenced to five years in jail

https://uk.finance.yahoo.com/news/self-styled-trader-jailed-over-british-investment-scam-150326522--sector.html

Over the summer Barclays launched a nationwide campaign to help UK firms tackle cybercrime and fraud after it posted research with YouGov that showed almost half of all SME had been targeted by fraudsters

http://www.cityam.com/269713/barclays-faces-substantial-number-daily-cyber-attack

A star of The Only Way Is Essex has been spared jail after admitting his part in a £450,000 scam — making him the second character in the TV reality show to be snared by fraud inspectors.

https://www.metro.news/towie-star-mike-hassini-spared-jail-for-450000-diamond-fraud/1319886/

The Financial Conduct Authority has been cleared of failing to investigate an unregulated company after a disgruntled investor took their case to the Financial Regulators Complaints Commissioner.

https://www.ftadviser.com/regulation/2018/11/22/fca-wins-fraud-bond-investigation-complaint/

The financial regulator is upping its use of technology to catch out fraudsters, and has said data could help it predict which firms pose a risk.

https://www.ftadviser.com/regulation/2018/11/21/fca-to-use-data-to-predict-fraud/

The chairman of the parliamentary group for banking has notified Lloyds CEO he had written to the FCA about the case involving the Reading unit of HBOS, which Lloyds acquired in 2009.

https://uk.reuters.com/article/uk-britain-lloyds-hbos/mp-seeks-probe-into-lloyds-ceos-handling-of-fraud-case-idUKKCN1NQ2C1

The Financial Conduct Authority (FCA) has banned two Norwich-based advisers for using their advice firm to run a £17.5m fraud that conned more than 200 elderly and vulnerable clients.

https://www.professionaladviser.com/professional-adviser/news/3066392/fca-bans-adviser-brothers-convicted-of-gbp17m-fraud

Once again, cryptographic scammers have tried to make thousands of Twitter users victims of a fake Bitcoin (BTC) raffle.

https://www.crypto-economy.net/en-GB/google-victim-of-crypto-fraud-on-twitter/

Kweku Adoboli was handed a seven-year jail sentence in 2012 after he gambled away the record-breaking sum while working for UBS was detained in Scotland on Monday and placed on a Kenyan Airways flight leaving Heathrow on Wednesday evening.

https://www.heraldscotland.com/news/17218282.former-ubs-trader-who-faces-deportation-detained-in-glasgow-after-judicial-review-failure/