Treasury questions payments regulator on deadline for controversial fraud refund rules August 13, 2024 The Treasury has reportedly raised questions with the UK payments regulator over the timetable for its new fraud refund rules that have stirred alarm among banks and fintechs.
Lloyds Bank urges Premier League football fans to avoid ticket scams August 3, 2024 Football fans are being warned by Lloyds Bank to watch out for ticket scams, after it recorded a jump in cases.
Liquid gold? Olive oil fraud cases hit record high in EU July 29, 2024 The number of cases of fraudulent olive oil referred to the EU hit a record high this year after inflationary pressures fuelled black market activity. The price of olive oil has more than doubled in the last five years on climate-related supply pressures and environmental shocks. There were 50 reports to the European Union of [...]
UK payment firms urge next government to make tech giants refund fraud victims July 4, 2024 The UK payments industry has issued an election-day plea for the next government to make tech giants liable for the reimbursement of fraud victims, in a bid to alter new rules placing the burden on the financial sector.
UK payment firms warn new fraud refund rules could ‘freeze’ systems in October June 26, 2024 The UK’s payments watchdog is under growing pressure from the firms it regulates to rethink new fraud refund rules that industry chiefs say could wreak havoc for both companies and consumers.
Father, Son, and My Lord: Vatican faces English High Court over luxury Chelsea property fraud June 26, 2024 The home of the Catholic Church, an expensive London building and an alleged multi-million pound fraud lawsuit heads to the London High Court
UK payment firms urge regulator to delay controversial fraud refund rules June 10, 2024 Firms have urged the UK payments regulator to delay fraud reimbursement rules following growing criticism of the measures and the recent departure of the watchdog's head.
British tech giant Mike Lynch acquitted after 12-year legal battle June 7, 2024 Lynch was initially charged with 16 counts, including wire fraud and conspiracy but one charge of securities fraud was dropped during the trial.
Whisper it, but private equity returns might just be too good to be true June 4, 2024 The private equity sector has built a reputation for steady returns but are they an illusion?
Brits lost more than £1bn to fraudsters last year as purchase scams hit record high May 22, 2024 Brits lost more than £1bn to fraudsters last year, new figures show, as purchase scams surge to a new record and social media firms face tough questions over the high levels of fraud originating on their platforms.