Fraud in 2024: A Continued Threat to Financial Security
June 20, 2025
Fraud is still one of the biggest challenges to the UK’s financial system, with more than £1 billion being taken through payment fraud in 2024
Tag: Fraud
Guidance on the failure to prevent fraud offence
April 28, 2025
The Serious Fraud Office (SFO) has released updated guidance encouraging companies to promptly self-report suspected fraud or misconduct. This new initiative aims to help businesses
FCA charges John Dance with fraud and money laundering related to WealthTek
March 6, 2025
The Financial Conduct Authority (FCA) has brought significant criminal charges against John Dance, the former principal partner of WealthTek LLP (formerly Vertus Asset Management LLP).
Tackling money mule activity: Takeaways from the FCA’s review
January 30, 2025
The Financial Conduct Authority (FCA) has recently published its findings on how firms are using the National Fraud Database (NFD) and money mule account detection
The growing threat of AI-enabled fraud
January 22, 2025
Generative Artificial Intelligence (GenAI) is revolutionising many industries, but with this innovation comes significant risks. GenAI refers to a type of artificial intelligence that can
How fraudsters target UK consumers in the digital age
December 24, 2024
In today’s increasingly digital world, fraudsters continue to adapt and exploit vulnerabilities, with Authorised Push Payment (APP) scams posing one of the most significant threats
Data protection enables responsible information sharing to combat scams and fraud
December 4, 2024
In a world increasingly driven by digital interactions, scams and fraud remain significant challenges, with fraud accounting for 39% of all reported crime in England
Does the world still need money laundering?
December 2, 2024
Those of you who were in the payments space pre-COVID, might remember my industry talks about ‘Why the World Needs Money Laundering’. The world has
UK mobile networks and banks unite to combat APP fraud
November 7, 2024
In a significant step to address the rising issue of Authorised Push Payment (APP) fraud in the UK, GSMA and UK Finance have developed a
UK Finance Fraud Report: key insights from the first half of 2024
October 22, 2024
Fraud remains one of the biggest challenges facing the UK’s financial sector. The latest UK Finance Fraud Report for the first half of 2024 reveals