Financial

Although PSD2 has been designed to enhance the overall security of digital payments, it does also bring with it some risk of specific kinds of fraud

/Although%20PSD2%20has%20been%20designed%20to%20enhance%20the%20overall%20security%20of%20digital%20payments,%20it%20does%20also%20bring%20with%20it%20some%20risk%20of%20specific%20kinds%20of%20fraud

New research showcases a list of innovative ways we’d like better protection against fraud and a more active role in controlling our payment cards. Switching cards on and off for better fraud controls, quickly reactivating blocked cards and mobile app based self-service is the future

/New%20research%20showcases%20a%20list%20of%20innovative%20ways%20we%E2%80%99d%20like%20better%20protection%20against%20fraud%20and%20a%20more%20active%20role%20in%20controlling%20our%20payment%20cards.%20Switching%20cards%20on%20and%20off%20for%20better%20fraud%20controls,%20quickly%20reactivating%20blocked%20cards%20and%20mobile%20app%20based%20self-service%20is%20the%20future

Speech by Mark Steward, Director of Enforcement and Market Oversight at the FCA, delivered at the Duff & Phelps Global Enforcement Review 2018.

https://www.fca.org.uk/news/speeches/mifid-ii-and-fight-against-financial-crime

Two former senior bankers have been convicted for manipulating the Euro Interbank Offered Rate (EURIBOR) at the height of the financial crisis following an investigation and prosecution brought by the Serious Fraud Office.

http://www.mondovisione.com/media-and-resources/news/two-former-senior-bankers-convicted-of-fraud-in-sfos-euribor-manipulation-case/

The SFO dropped the case because it lacked evidence, despite the Financial Conduct Authority’s previous assertion that 16 individuals at Lloyds knew about the Libor fixing.

http://www.cityam.com/288670/serious-fraud-office-ends-lloyds-libor-probes-because

A former managing director of Hertfordshire-based HBFS, well-known to London’s Jewish community, was referred to the crown court by City of London Magistrates

http://jewishnews.timesofisrael.com/freddy-david-faces-crown-court-trial-charged-with-14million-fraud-spanning-15-years/

After Insurance Age saved the day and had a Facebook page operated by fraudsters shut down, Ida Axling questions why the regulator failed.

https://www.insuranceage.co.uk/regulation/3486661/the-blog-spot-the-fca-needs-to-step-up-its-game

Lloyds had agreed to a demand from the Treasury select committee to pass on to it a report on what its current and former bosses knew about the fraud at the HBOS Reading unit.

http://invezz.com/news/equities/31366-Lloyds-share-price-Lender-agrees-to-give-MPs-report-into-HBOS-fraud-

AI is more than just a buzzword in the world of fraud detection and prevention.

https://www.finextra.com/blogposting/15525/treating-fraudsters-to-a-taste-of-ai-medicine

The UK's Financial Conduct Authority is proposing to update its complaint handling rules to help victims of authorised push payment (APP) scams.

https://www.finextra.com/newsarticle/32311/fca-to-update-rule-book-to-accommodate-app-fraud/retail