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
The Payment Systems Regulator (PSR) has set a crucial date of 7 October 2024 for implementing new protections against Authorised Push Payment (APP) scams, reaffirming
In a landmark case, the Financial Conduct Authority (FCA) has fined PricewaterhouseCoopers LLP (PwC) £15 million for not reporting suspected fraudulent activity involving London Capital
On March 12, 2024, HM Treasury announced its proposal for the Payment Services (Amendment) Regulations 2024. These new regulations aim to empower PSPs with more
The Authorised Push Payment (APP) scams reimbursement requirement will officially take effect on 7 October 2024. This policy aims to provide protection to consumers who
In the ever-evolving landscape of digital transactions, staying ahead of fraudulent activities is crucial for financial institutions and payment service providers (PSPs). One of the
With digital transactions increasingly becoming the norm, the importance of safeguarding consumers against fraud has never been more critical. Recognising the ever-growing threat of fraud,
In recent years, financial scams have become increasingly sophisticated, preying on unsuspecting consumers through various means, including cold calling. To tackle this growing menace and
The Financial Conduct Authority (FCA) has recently initiated criminal proceedings against four individuals on charges of fraud, carrying out regulated activity without authorisation, money laundering,
The FCA this week issued a warning about fraudulent emails, letters and phone calls masquerading as official communications from the regulator. The warning also highlights