Financial

The types of scams that customers are experiencing range from face to face fraud to those carried out anonymously online

http://home.bt.com/news/uk-news/rbs-launches-fraud-awareness-campaign-11364289442782

The FBI has issued a warning to banks that cyber criminals are planning to steal millions in a coordinated worldwide attack on cash machines

https://www.computerweekly.com/news/252446804/FBI-warns-of-global-ATM-cyber-crime-spree

All e-commerce businesses should follow the banks’ lead in how to detect fraud in the digital era, says RSA fraud and risk expert

https://www.computerweekly.com/news/252446771/Banks-lead-in-digital-era-fraud-detection

Action Fraud is warning the public about fraudsters advertising ‘get rich quick’ investments to scam people out of money.

https://www.actionfraud.police.uk/news/2m-lost-to-cryptocurrency-fraud-aug18

The last two years have seen a surge in interest in cryptocurrency and those anonymous transactions have proved catnip for hackers.

https://www.express.co.uk/finance/crusader/1001714/bitcoin-scam-kits-fraud-guides-dark-web

Criminals are utilizing the top cryptocurrency exchange platforms to commit their crimes.

http://blog.mcafeeinstitute.com/investigators-beware-cryptocurrency-crime-is-on-the-rise/

The SFO has also announced that it is going to pursue a retrial of three other bankers for whom the jury could not reach verdict

http://www.mondaq.com/uk/x/725442/Financial+Services/UK+Serious+Fraud+Office+Confirms+Benchmark+Manipulator+Sentencing+And+Will+Pursue+Retrial+Of+Bankers+For+Benchmark+Manipulation

Financier admitted obtaining money transfer by deception and fraud by abuse of position

https://www.thejc.com/news/uk-news/freddy-david-jailed-six-years-guilty-fraud-1.467783

The Consultation Paper proposes to extend the application of the Principles for Businesses and certain specific rules about promotions and communications so they cover wider categories of businesses the FCA regulate (including businesses authorised or registered under the Payment Services Regulations or the Electronic Money Regulations).

https://www.fca.org.uk/news/press-releases/fca-consults-rules-and-guidance-improve-conduct-and-communications-payment-services-and-e-money

The Financial Conduct Authority (FCA) will have spent around £4m by the end of this financial year to ensure it is compliant with the General Data Protection Regulation (GDPR)

https://www.insuranceage.co.uk/regulation/3526021/fcas-gdpr-bill-to-hit-almost-ps4m