Financial

Fraudsters use new technology to perpetrate old schemes

http://www.fraud-magazine.com/article.aspx?id=4295000887

Lenders are making operational cost savings through artificial intelligence tools

https://www.ft.com/content/0dca8946-05c8-11e8-9e12-af73e8db3c71

The charge related to his conduct following the imposition of a restraint order in 2012 and a confiscation order in 2016 arising from criminal proceedings brought by the FCA.

https://www.fca.org.uk/news/press-releases/alex-hope-sentenced-16-months-imprisonment-perverting-course-justice

A Dunfermline man persuaded bank workers in Dunfermline and Kirkcaldy that fraudulent transactions had been made on his accounts.

http://www.dunfermlinepress.com/news/16098992.Dunfermline_man_conned_bank_staff_in___14_000_fraud/

Challenger bank Revolut is to let customers create disposable virtual cards to make purchases online, in a bid to stamp out fraud.

https://www.moneysavingexpert.com/news/banking/2018/03/revolut-to-allow-customers-to-pay-via-virtual-disposable-card

Organised criminals often target solicitors. Here's how being extra vigilant can pay off

https://www.standard.co.uk/business/business-news/the-money-laundering-red-flags-to-look-out-for-a3725936.html

According to Cifas, the UK's fraud prevention service, there were 8,652 cases of 18-24-year-olds becoming "money mules" from January to September this year.

https://www.mirror.co.uk/money/thousands-more-millennials-turned-money-11594594

Tenet has lost a High Court case after a judge ruled the network was in fact liable for the unregulated activities of one of its appointed representatives.

https://www.ftadviser.com/regulation/2018/03/14/court-orders-tenet-to-compensate-for-ar-s-fraud/

An ex-Deutsche Bank trader, pleaded guilty to conspiracy to defraud in connection with the SFO’s investigation into the manipulation of the Euro Interbank Offered Rate.

https://www.sfo.gov.uk/2018/03/15/ex-deutsche-bank-trader-pleads-guilty-over-euribor-manipulation/

UK consumers are being put at risk of fraud because banks are “seriously lagging behind international competitors” when it comes to security.

http://www.independent.co.uk/news/uk/home-news/uk-consumers-fraud-bank-security-lagging-international-competitors-barclays-lloyds-hsbc-halifax-a8251761.html