Financial

A British investor said to have lost £1m in the collapse of cryptocurrency trading platform FTX is among 13 people to have made fraud reports to UK police.

https://uk.style.yahoo.com/british-investor-lost-1m-ftx-120000663.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

A former Premier League footballer has been jailed for seven and a half years after 100 people invested £15mn in his “scam” investment scheme.

https://www.ftadviser.com/investments/2023/01/12/ex-premier-league-footballer-jailed-for-15mn-investment-scheme/

Regulator TheFCA published the final notice it has issued to Guaranty Trust Bank (UK) Ltd (GT Bank), fining it £7.6 million for failures in its anti-money laundering (AML) systems and controls

https://www.fca.org.uk/publication/final-notices/guaranty-trust-bank-uk-limited-2023.pdf

A man has been sentenced to three years and four months in prison after defrauding clients out of £1mn.

https://www.ftadviser.com/investments/2023/01/06/fraudster-jailed-for-three-years-over-ponzi-scheme/

With Christmas fast approaching, the FCA launches its latest ScamSmart campaign aimed at giving consumers the knowledge and tools to avoid loan fee fraud.

https://mondovisione.com/media-and-resources/news/uk-financial-conduct-authority-festive-shoppers-at-rising-risk-of-loan-fee-scam/

The Financial Services Compensation Scheme has declared an advice firm in default, months after one of its directors was jailed for fraud.

https://www.ftadviser.com/investments/2022/12/14/firm-in-default-after-adviser-jailed-for-1-6mn-ponzi-scheme/

A couple from Anglesey have been sentenced for their involvement in a multi-million-pound fraud of investors, which helped him and his wife lead a "lavish" lifestyle.

https://www.itv.com/news/wales/2022-12-16/anglesey-couple-sentenced-over-fraud-which-funded-lavish-lifestyle

A former Premier League footballer who used the names of stars including Rio Ferdinand to entice investors is facing jail after he was found guilty of an £8 million trading scam.

https://uk.style.yahoo.com/ex-charlton-athletic-footballer-richard-163109270.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Three fund managers have been convicted of a large-scale fraud which resulted in losses of $8.45 million to the Libyan Sovereign Wealth Fund.

https://nationalcrimeagency.gov.uk/news/city-fund-managers-convicted-in-a-46m-fraud

In April, the FCA set out a new three-year strategy designed to improve outcomes for consumers and markets.

https://www.fca.org.uk/news/press-releases/highlights-fcas-approach-2022