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The FCA has said investors are now being targeted by fraudsters on Facebook, Instagram and Twitter, more than they are over the phone, tempting people to put cash into cryptocurrencies and other financial products such as binary options, contracts for difference and forex.
http://www.cityam.com/279571/fcas-issued-fresh-warning-bitcoin-crytocurrency-and-binary
Litigation funder Therium is to contribute £1.5m to Noel Edmonds' £60m claim against Lloyds Bank relating to the fraud that took place at Halifax Bank of Scotland (HBOS).
https://www.theguardian.com/culture/2018/jan/31/noel-edmonds-secures-funding-to-pursue-60m-lloyds-claim
In its latest report, the government re-launched its ‘Flag it Up’ campaign to raise awareness of how industry can help stamp out criminality and illegal practices.
http://www.lpportal.eu/content/editorial/articles/retail-environment/uk-government-raises-awareness-signs-money-laundering/
A Ponzi scheme is one of the oldest forms of fraud, and continues to be rampantly active today.
http://www.bobsguide.com/guide/news/2018/Jan/23/protecting-from-ponzi-tips-for-detecting-shady-schemes/
Speech by Robin Jones, Head of Technology, Resilience & Cyber at the FCA, delivered to the PIMFA Financial Crime Conference, London.
https://www.fca.org.uk/news/speeches/building-cyber-resilience
The rising price of Bitcoin has been met with a surge in cryptocurrency crime as reports of Bitcoin-related fraud tripled in 2017.
http://www.telegraph.co.uk/technology/2018/01/26/bitcoin-fraud-triples-criminals-target-cryptocurrency-boom/
Europe encourages the folly and danger of cryptocurrency exchanges by issuing a license to the world’s largest virtual exchange for Etherium, Litecoin and Bitcoin, whereas Britain remains completely against it, and rightly so
https://financefeeds.com/fca-protects-uk-cryptocurrency-fraud-whilst-eu-allows-issues-license-crypto-exchange/
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/
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