Financial

The art of hiding money from the taxman is under threat from laws demanding greater transparency

https://www.theguardian.com/business/2018/may/21/breaking-bad-to-the-paradise-papers-all-you-need-to-know-about-money-laundering

City of London Police have written to the lawyer representing a rabbi who was arrested during a probe into the wealth management company HBFS to confirm there will be “no further action” against him.

https://www.thejc.com/news/uk-news/no-further-action-following-fraud-probe-into-rabbi-1.464194

A review of Lloyds Banking Group’s handling of one of Britain’s worst banking frauds is unlikely to be completed until late 2019 due to the volume of documents involved

https://uk.reuters.com/article/uk-lloyds-investigation/inquiry-into-lloyds-handling-of-hbos-fraud-slips-to-late-2019-source-idUKKCN1II21D

TSB customers have hit out at the bank after thousands of pounds was apparently taken from their bank accounts - and they had to spend several hours queuing on the telephone before they could report it.

https://www.moneysavingexpert.com/news/banking/2018/05/fraud-alert-as-tsb-customers-see-thousands-taken-from-accounts

Business crime solicitor warns against over-dependence on blockchain in the battle against financial crime.

http://www.bmmagazine.co.uk/opinion/blockchain-not-a-cure-for-fraud/

Digital banking has created openings for criminals and lenders must fight back

https://www.ft.com/content/ac4c3a80-4c7a-11e8-97e4-13afc22d86d4

Barclays chief executive Jes Staley was last week fined £642,430 for breaking rules by attempting to identify a whistleblower. The bank has also cut £500,000 from Staley’s bonus.

https://www.personneltoday.com/hr/barclays-ceo-fined-642k-over-whistleblower-probe/

An increasing number of people are being duped into becoming money mules

https://www.which.co.uk/news/2018/05/the-current-account-fraud-that-can-send-victims-to-prison-are-you-at-risk/

Responding to questions from the influential Treasury Committee, the ex-business owners said the FCA was ill-suited to handle serious complaints against the lenders it regulates.

https://uk.finance.yahoo.com/news/victims-bank-fraud-criticise-britains-financial-watchdog-174003205--sector.html

What are banks doing to keep their customers’ money and data safe as digital attacks proliferate?

https://www.cbronline.com/opinion/fraudsters-panorama