Financial

According to a new survey tech-hungry young people are increasingly the targets of cyber scams.

https://www.forbes.com/sites/johnwasik/2018/03/05/why-millennials-are-at-high-risk-for-bitcoin-ico-fraud/#5687a9be85ea

This year marks a decade since Jerome Kerviel was taken into custody accused of perpetrating the biggest financial fraud case in history.

http://www.cityam.com/281793/decade-banks-still-havent-learnt-kerviel-fraud-case

New data, compiled from the National Fraud Database by Cifas, suggests in the past year there has there has been a "sharp rise" the number of 18 to 24 year olds being tricked into using their bank accounts to transfer the proceeds of crime.

https://www.telegraph.co.uk/news/2018/03/07/whatsapp-fraudsters-turning-naive-young-people-money-mules/

U.S investors on five-year £400m fraud probe that went nowhere

https://www.sundaypost.com/fp/we-are-people-who-have-lost-a-large-amount-of-money-we-are-not-happy-with-the-scottish-legal-systemu-s-investors-on-five-year-400m-fraud-probe-that-went-nowhere/

The Financial Conduct Authority (FCA) will consult on the future of the public register of financial services firms and individuals later this year, it has confirmed

https://www.out-law.com/en/articles/2018/february/fca-to-consult-on-future-of-financial-services-register/

People tricked into authorising payments to fraudsters will be able to claim compensation more easily from their banks under a new industry code, a British financial PSR watchdog said

https://uk.reuters.com/article/uk-britain-banks-fraud/britain-makes-compensation-easier-for-bank-payments-fraud-idUKKCN1GC2B2

In what fraud experts claim to be one of the most shocking cases of “courier fraud” to come to light, an 81-year-old woman has told of how she was groomed for weeks by conmen who posed as the police

http://www.telegraph.co.uk/personal-banking/savings/did-bank-staff-allow-81-year-old-mum-withdraw-136500-cash-behest/

Solicitors and accountants are targets for serious and organised criminals, but providing quality Suspicious Activity Reports (SARs) can disrupt criminals and protect potential victims

https://www.standard.co.uk/business/business-news/act-on-your-suspicions-to-help-stop-money-laundering-a3750356.html

Treasury Committee seeks to protect consumers and businesses with tougher regulatory framework

http://www.itpro.co.uk/strategy/28261/bitcoin-news

The UK Supreme Court denied US investment bank Citibank’s request to challenge a lower appeal court’s ruling that British tax authorities were not required to prove the bank was dishonest amid allegations EU carbon trading activities were linked to VAT fraud.

https://carbon-pulse.com/47624/