When it comes to fraud, social media is a double-edged sword. It’s a useful tool in the fraud investigator’s armoury, but in far greater numbers, criminals are finding it a quick, easy and anonymous route to ensnare their victims.
In recent weeks, the...
Financial Services, Financial Crime
A number of recent cases have resulted in respected names within financial services making it into the news - for all the wrong reasons. These firms had all employed people in positions of responsibility who had then committed varying degrees of...
FCA, Financial Services, Financial Crime
What do Smith & Williamson, Fidelity and Rothschild have in common? Apart from all being well known within financial services as investment providers, the answer is all three were recently cloned.
Online ‘classes’ in how to commit card fraud are available on the dark web, making it easier for novices to find ways of committing financial crime.
Online tutorials were exposed by UK-based Featurespace, a provider of behavioural analytics...
Financial Crime, Money Laundering
Forthcoming legislation is set to create a new property register to reveal the identities of overseas owners, which is likely to be an unwelcome development for money launderers. The Overseas Entities Bill should act as an important weapon in the...
FCA, Regulation, Financial Crime
Memories of the financial crisis have yet to fade and it is clear today’s regulators are taking a more robust approach than they used to. Their resolve can be seen most apparent in the high-profile cases resulting in jail fines and other sanctions,...
