Financial

The regulator advised on fraudsters using details of authorised companies to scam customers.

https://www.insuranceage.co.uk/regulation/3657421/fca-warns-on-clone-of-ellis-david-insurance-brokers

In response to growing concern about the scale of the problem, the organisation responsible for overseeing much of the transfer of money between accounts is stepping in with a new set of rules designed to make it much harder for criminals to operate and for wronged customers to get recompense.

https://www.cashlady.com/news/blocking-bank-fraud/

The Serious Fraud Office (SFO) is pressing to get criminal charges reinstated against Barclays related to its capital raising arrangements at the height of the financial crisis.

http://www.cityam.com/266484/serious-fraud-office-presses-criminal-charges-reinstated

Two board members of oil exploration and production company Afren, are facing long prison sentences after being found guilty of fraud and money laundering offences at Southwark Crown Court

https://economia.icaew.com/news/october-2018/afren-ceo-and-coo-found-guilty-of-fraud

A Gambling Commission investigation has revealed that Paddy Power Betfair (PPB) failed to adequately interact with customers who were displaying signs of problem gambling and failed to adequately carry out anti-money laundering checks.

https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/2018/Paddy-Power-Betfair-to-pay-penalty-package-for-social-responsibility-and-money-laundering-failures-on-its-gambling-exchange.aspx#PaddyPowerBetfairpublicstatement

Investment is often based on trust and research, but that doesn't make an investor immune to investment fraud.

http://uk.businessinsider.com/investment-advice-warning-signs-of-investment-fraud-2018-10

The Financial Conduct Authority (FCA) has warned the public about dealing with Unicominsurance.net as a cloned firm.

https://www.insuranceage.co.uk/broker/3653336/fca-issues-another-clone-broker-warning

The 'Confirmation of Payee' service has been developed by Pay.UK, which runs the UK's retail payment systems and oversees bank transfers and direct debits.

https://www.moneysavingexpert.com/news/2018/10/new-name-check-service-to-help-prevent-fraud/

The Serious Fraud Office (SFO) is reportedly mulling a new investigation into allegations that Lloyds Bank had a plan to cover up fraud at its HBOS branch in Reading.

http://www.cityam.com/265579/serious-fraud-office-mulls-new-investigation-into-hbos

A City of London Police investigation revealed money launderer had control of six Facebook accounts and an Instagram account he used in the recruitment of money mules.

http://news.cityoflondon.police.uk/r/1125/jail_for_money_launderer_who_used_facebook_to_rec