Wise shares plummet as money transfer firm faces fraud investigation Fintech Shares in money transfer firm Wise have plummeted this morning as the fintech faces an investigation over allegations its accounts have been used for criminal activity. Prosecutors in Belgium opened an investigation last year after discovering Wise accounts had been flagged in hundreds of international criminal requests that spanned over 30 European countries. The transactions [...]
New Companies House ID rule triggers 30 per cent slump in registrations Business Companies House’s new rules to prevent fraud have sparked a dramatic fall in new company registrations. As of 18 November, a new law came into effect requiring company directors to verify their identity, with failure to do so carrying enforcement risks. The new rules were part of Companies House’s new ID powers, which aim to [...]
Businesses have one defence amid ‘seismic shift’ in UK fraud law Business Fraud laws have received a major shake up and businesses have been sent a stark warning to be weary of the “hidden danger”. New failure to prevent fraud offence, which came into effect today, mean firms could face prosecution from fraud committed by employees – even if management was unaware of it. Large firms will [...]
Fraud risk surges as leaked files expose UK firms July 22, 2025 London’s cyber watchdogs are sounding the alarm over a growing wave of corporate data breaches, as new research reveals the vast majority of leaked datasets now include sensitive financial and personal files, fueling a sharp rise in fraud, cybercrime and reputational risk. A landmark study published on Tuesday by Lab 1, an AI-driven cybersecurity platform, [...]