Financial

Retail banks worldwide are struggling to upgrade their defences against fraud despite the increasing threat of financial crime.

According to data collected for BioCatch, 78 per cent of financial firms worldwide are concerned about their ability to respond to emerging fraud threats quickly and effectively.

A Co Down company director has been ordered to stand trial accused of an international multi-million pound bitcoin crypto fraud.

Appearing at Newtownards Magistrates Court, Jawad Yaqub (45) of Ben Vista Park in Holywood, confirmed he understood the 25 charges against him and that he did not object to the case being returned to the Crown Court for trial.

A man who lost £140,000 after being targeted by fraudsters says he fears he may never get over the betrayal.

https://www.bbc.co.uk/news/uk-england-leicestershire-65812392

The new deputy co-lead of the UK Financial Conduct Authority has warned misbehaving companies that time is up on fraud and the promotion of harmful services.

https://www.cdr-news.com/categories/competition-and-business-crime/18938-fca-vows-crackdown-on-misconduct

UK losses to crypto fraud increased more than 40 per cent over the past year, surpassing £300mn for the first time, according to Britain’s fraud reporting agency.

https://www.ft.com/content/88602223-004b-4e27-b9eb-c45e1f850f9f

LONDON (Reuters) - A British foreign exchange company boss who used investors' cash to fund a luxury lifestyle was convicted in a London court over his role in a 50 million pound ($62 million) Ponzi-style scheme.

https://uk.style.yahoo.com/british-forex-boss-convicted-62mln-140438977.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

The United Arab Emirates’ highest court on Tuesday ordered a British hedge fund trader convicted of orchestrating a 1.7 billion US dollars (£1.36 billion) tax fraud to pay that amount to Denmark’s tax authority.

https://www.bordertelegraph.com/news/national/23530056.british-financier-ordered-pay-danish-taxman-1-36bn-fraud/

Two men have today been jailed for their involvement in an illegal investment scheme that defrauded hundreds of victims out of millions.

https://www.thebusinessdesk.com/eastmidlands/news/2071588-ex-football-club-chairman-jailed-in-4m-ponzi-fraud

A FINANCIAL advisor charged with 28 counts of fraud has pleaded not guilty.

Richard Webb, 64, appeared in the dock of Salisbury Crown Court on Thursday, April 27, to submit his plea.

Two men who were involved in an illegal investment scheme that conned hundreds of victims out of millions have today been found guilty.

https://www.lincs.police.uk/news/lincolnshire/news/2023/apr-2023/two-men-found-guilty-of-4-million-fraud/