Iran side-steps US sanctions with $10m cryptocurrency import August 10, 2022 Iran has officially made its first multi-million dollar import using cryptocurrency as it looks to circumvent US sanctions.
HMRC’s furlough fraud crackdown sees whistleblowers file almost 14,000 reports August 10, 2022 HM Revenues and Customs has received almost 14,000 whistleblower reports after launching an online tip off service to make it easier to report instances of furlough fraud. Thousands of people have blown the whistle on their employers and former-employers by reporting them for furlough fraud using HMRC’s digital reporting tool, analysis from law firm Pinsent [...]
Household energy debts reach all-time high of £1.3bn ahead of winter price cap hikes August 10, 2022 Household energy debt is standing at an all-time high of £1.3bn ahead of expected bill hikes this autumn, according to Uswitch.
Poorly insulated households to pay £1,000 per year more on their energy bills August 10, 2022 Households with poor efficiency ratings will have to cough up nearly £1,000 more on their energy bills this year amid a cost of living crisis.
Linklaters partner payouts fall to lowest levels of Magic Circle firms August 10, 2022 Partners at Linklaters are set to receive payouts of £1.87m after posting slower growth than any other Magic Circle firm. Linklaters’ £1.87m payouts saw the City of London law firm’s partner pay sit at lower levels than in any other Magic Circle firm. Linklaters said its profit-per-equity-partner payouts jumped 5.4 per cent to £1.87m [...]
Identity theft-driven data breaches costing Brits close to £4bn a year August 10, 2022 Data breaches driven by identity theft have been costing the UK near £4bn every year for almost a decade as fraud in the country rises. Over 28m data breaches have occurred every year since 2013 at a cost of £3.7bn per year, with more than 140m files compromised, data by ID verification checks provider Credas [...]
Gritty business: the power of passion and perseverance August 10, 2022 What’s more important to success — talent or effort? Most of us would say talent. But according to psychologist and best-selling author Angela Duckworth, most of us would be completely wrong. That’s one of the main takeaways from her book Grit: The Power of Passion and Perseverance. In an interview at Alpha Summit GLOBAL from [...]
Brexit: Truss wants ‘call in’ power to allow ministers to overrule City regulators August 10, 2022 Liz Truss wants to give ministers the power to overrule decisions made by the UK’s financial services regulators in a move that is set to create serious tensions with the Bank of England. The Tory leadership frontrunner wants to revive the policy, which was recently ditched by the Treasury, as a part of the government’s [...]
Cayman Islands fund manager convicted over role in £100m ‘no win, no fee’ investment fraud August 10, 2022 The founder of a Cayman Islands investment fund, that bankrolled ‘no win, no fee’ lawsuits, has been convicted of using a complex network of overseas trust to defraud investors of millions. Timothy Schools, investment manager at the Cayman Islands headquartered Axiom Legal Financing Fund, used investors cash to fund his luxury lifestyle, that saw [...]
Crypto market sentiment hits highest levels since April ahead of latest inflation figures August 10, 2022 The price of Bitcoin now seems to have firmly established itself in a narrow consolidation range in the $22,500 to $24,500 area.
