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The imposition of a record £23.8 million fine on a money service business highlights the growing scrutiny being placed on compliance with UK anti-money laundering rules, an expert has said.
2020 has been an unprecedented and testing year for many businesses, consumers, and governments alike. However, these tests have stimulated innovation and accelerated the pace of change, advancing digital transformation by at least five years in the space of six months. Many companies in the e-commerce space have been able to benefit, while others have adapted their business models to cater to consumer needs and remain agile to keep afloat.
A new Which? investigation has uncovered gaps in online banking security systems that could help criminals to scam customers, reinforcing why banks must do more to protect their customers and reimbursement of bank transfer scam victims must be made mandatory.
Free content: Access market and insurance reactions to the Supreme Court ruling that dismissed appeals against a High Court judgment on insurers paying out in Covid-related disruption on business interruption insurance policies and overturned the Orient Express ruling.
Cifas, the UK’s leading fraud prevention service, is highlighting the latest coronavirus scams from the past week, and warning the public to stay vigilant of the ever-changing tactics that scammers are using to extract money and information.
Two British nationals have been charged with unlawfully obtaining more than 9bn Danish crowns ($1.5bn, £1.1bn) through a sham trading scheme that allegedly involved making double tax reclaims as far back as 2016.
COPENHAGEN (Reuters) - Danish prosecutors said on Thursday they had charged two British nationals with unlawfully obtaining more than 9 billion Danish crowns ($1.5 billion) via a sham trading scheme to make double tax reclaims.
WORRYING gaps in online banking security systems that could help criminals to scam customers, have been exposed in a new investigation.
HSBC has inked a multi-year deal with Silent Eight, recruiting the regtech startup in its efforts to fight financial crime.
The Treasury has been asked to look at increasing the limit from £45
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