Metro Bank given hefty fine by City regulator for financial crime failings Banking The Financial Conduct Authority (FCA) said that Metro Bank had failed to adequately monitor over 60m transactions for money laundering risks between June 2016 and December 2020.
UK urged to lead ‘cross-border war’ against fraudsters as billions lost Business In a new report, the Social Market Foundation (SMF) estimated that 21 per cent of adults globally have been victims of fraud in the last three years.
Brits lost more than £1bn to fraudsters last year as purchase scams hit record high Fraud Brits lost more than £1bn to fraudsters last year, new figures show, as purchase scams surge to a new record and social media firms face tough questions over the high levels of fraud originating on their platforms.
From Lloyds Bank to UK Finance, here’s who’s paying for the City of London Police May 10, 2024 A series of funding deals between private entities and City of London Police to help fight fraud highlights the ongoing funding pressures faced by the police force, experts have said.
SFO makes strides on disclosure but funding crucial to fixing problems, report finds April 30, 2024 The UK's anti-fraud agency has made progress in reforming how it manages evidence disclosure in its high-profile cases, but more government funding is needed to help fix the problems, a report has found.
UK failing to fight ‘dirty money epidemic’ costing £350bn a year, MPs warn April 17, 2024 The UK is “utterly failing” to fight the “dirty money epidemic” that is costing £350bn a year, MPs have warned.