Financial

A flaw which means contactless cards can be used AFTER they've been cancelled has still not been fully fixed almost 18 months after MSE began campaigning on the issue.

https://www.moneysavingexpert.com/news/cards/2018/01/contactless-fraud-loophole-not-fully-fixed-18-months-after-mse-investigation

2018 could represent a shakeup for financial crime watchdogs in the UK, posing questions about what to look out for in UK litigation and investigations.

https://www.strategic-risk-europe.com/uk-financial-crime-necc-to-launch-sfo-director-to-quit/1426147.article

Based within the FCA, the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) aims to improve standards and strengthen cooperation with law enforcement by working alongside the country’s anti-money laundering (AML) supervisors.

https://kyc360.com/news/opbas-anti-money-laundering-watchdog-launched-uk/

The government's online system by which company details are registered and updated, Companies House, is not subject to the same scrutiny as private businesses that offer company formation services

http://www.businessinsider.fr/uk/money-laundering-regulations-companies-house-black-hole-2018-1/

City of London Police dismiss lawyers claim that case against rabbi dropped

https://www.thejc.com/news/uk-news/police-say-rabbi-in-hbfs-fraud-case-still-under-investigation-1.456811

Police have dropped their investigation into the rabbi who was arrested following a probe into the wealth management company HBFS.

https://www.thejc.com/news/uk-news/police-drop-probe-into-rabbi-arrested-in-investment-company-fraud-case-1.456738

A former financial adviser has been banned by the regulator after he was jailed for 37 counts of fraud.

https://www.professionaladviser.com/professional-adviser/news/3024619/ex-adviser-banned-by-fca-for-fraud

From 3 January 2018, binary options became a regulated investment product, meaning that all firms trading in binary options need to be authorised by the FCA

https://www.fca.org.uk/consumers/binary-options/unauthorised-firms

The crypto currency markets seem to be going through their first real test of faith this week as the price of Bitcoin started to falter amid fears of Bitcoin fraud and a move by regulators globally to begin to contain the crypto currency markets.

https://www.thearmchairtrader.com/news/bitcoin-fraud-fears-gather-steam-price-falls

With widespread reports linking cryptocurrencies to money laundering, terrorism financing and other illicit cash ventures, the national intelligence unit is keen to stay abreast of developments and ensure that other government departments do so too.

https://kyc360.com/news/uk-national-spy-agency-investigates-bitcoin-risk-issues-rise/