Serious Fraud Office ‘should be replaced with a new body’, say IEA August 23, 2024 The UK anti-fraud agency should be replaced with a new body dedicated to combating economic crime, says a new paper by think tank IEA
Treasury and FCA worried by payments regulator’s fraud refund scheme August 22, 2024 The government and City watchdog have raised concerns over a fraud refund scheme from the UK payments regulator that firms have warned could do long-lasting damage to the industry, City A.M. understands.
Exclusive: Criminals eye windfall from UK regulator’s controversial fraud refund plan August 16, 2024 Criminals are making plans to exploit incoming fraud refund rules from the UK payments regulator, City A.M. has learnt, as banks and fintechs warn of harm to consumers if the measures come into force unaltered.
Treasury questions payments regulator on deadline for controversial fraud refund rules August 13, 2024 The Treasury has reportedly raised questions with the UK payments regulator over the timetable for its new fraud refund rules that have stirred alarm among banks and fintechs.
Liquid gold? Olive oil fraud cases hit record high in EU July 29, 2024 The number of cases of fraudulent olive oil referred to the EU hit a record high this year after inflationary pressures fuelled black market activity. The price of olive oil has more than doubled in the last five years on climate-related supply pressures and environmental shocks. There were 50 reports to the European Union of [...]
UK payment firms urge next government to make tech giants refund fraud victims July 4, 2024 The UK payments industry has issued an election-day plea for the next government to make tech giants liable for the reimbursement of fraud victims, in a bid to alter new rules placing the burden on the financial sector.
UK payment firms warn new fraud refund rules could ‘freeze’ systems in October June 26, 2024 The UK’s payments watchdog is under growing pressure from the firms it regulates to rethink new fraud refund rules that industry chiefs say could wreak havoc for both companies and consumers.
Father, Son, and My Lord: Vatican faces English High Court over luxury Chelsea property fraud June 26, 2024 The home of the Catholic Church, an expensive London building and an alleged multi-million pound fraud lawsuit heads to the London High Court
UK payment firms urge regulator to delay controversial fraud refund rules June 10, 2024 Firms have urged the UK payments regulator to delay fraud reimbursement rules following growing criticism of the measures and the recent departure of the watchdog's head.
Whisper it, but private equity returns might just be too good to be true June 4, 2024 The private equity sector has built a reputation for steady returns but are they an illusion?