Financial

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

An industry code to better protect victims of authorised push payment (APP) scams will be put into place in interim form by September, the Payment Systems Regulator (PSR) has announced.

https://www.out-law.com/en/articles/2018/march/push-payment-scam-victims-to-be-reimbursed-regulator-announces/