Financial

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/

Europol says criminals are hiding billions in cryptocurrencies, as thousands of government and other websites have reportedly been used to hijack computers to mine more

http://www.computerweekly.com/news/252434855/Criminals-hijack-government-sites-to-mine-cryptocurrency-used-to-hide-wealth

The Serious Fraud Office (SFO) has charged Barclays Bank in regard to a loan provided to the State of Qatar in 2008.

https://www.itv.com/news/2018-02-12/serious-fraud-office-charges-barclays-bank-over-2-2-billion-qatar-loan/

An accountant from South Wales who stole and laundered more than £1.3m while working for the government of Bermuda has been jailed at Cardiff Crown Court

https://www.cps.gov.uk/cymruwales/news/man-jailed-money-laundering-after-stealing-cash-bermudan-government

Fraudsters are innovating constantly to commit new types of cybercrime, but they also need to create mechanisms to move their ill-gotten gains into cash in hand. This is where mule accounts come in.

https://securityintelligence.com/how-cybercriminals-use-money-mule-accounts-to-profit-from-online-fraud/