‘Downfall’: Home REIT faces SFO probe into suspected bribery and fraud Business The UK’s top financial crime unit has unveiled a major probe into the past management of Home REIT after identifying as much as £300m in suspected fraud and bribery. The Serious Fraud Office (SFO) said it has carried out raids and arrests into the former London-listed social housing company, including searches at homes in Altrincham, [...]
City watchdog fines ex-Carillion finance chiefs for market manipulation Regulation The City watchdog has fined the former finance directors of collapsed construction firm Carillion for their role in making “misleading” statements from the company. The Financial Conduct Authority (FCA) said both Richard Adam and Zafar Khan were aware of “serious financial troubles” in Carillion’s UK business but failed to reflect this in company announcements. Adam [...]
Nationwide hit with fine after failing to flag Covid furlough fraud Banking Nationwide had been slapped with a £44m fine by the City watchdog for failures in its financial crime controls. The building society giant has been blasted by the Financial Conduct Authority (FCA) for missing opportunities to identify fraudulent Covid furlough payments. The FCA said one customer received 24 payments, totalling north of £27m, over 13 [...]
Why your mobile phone is now more valuable than your passport December 8, 2025 Partner content, in association with NOTO. A £6 trillion global financial cybercrime epidemic is being fought with technology that in some cases predates the smartphone, leaving financial institutions and consumers exposed, an expert has warned. Chris Thomas, Chief Revenue Officer at NOTO, a company providing next generation technology to combat financial crime, highlighted that the [...]
UK Finance warns tech giants to step up in Britain’s fraud fight December 6, 2025 UK Finance has delivered its most forceful warning yet to the world’s biggest tech platforms, with chief executive David Postings calling on Silicon Valley to “grasp the scale of the crisis” and do far more to stop fraud spreading across their networks. Speaking at the Economic Crime Congress 2025, Postings said the UK is now [...]
Relief for Cirata after FCA closes investigation November 27, 2025 Cirata execs have breathed a sigh of relief after the financial regulator closed a two-year investigation into the software firm, drawing a line under the dramatic events that caused the firm’s stock to plummet. In March 2023, Cirata – or Wandisco, as it was then known – revealed it had massively overstated its sales figures, [...]
How the Square Mile is taking the fight to the fraudsters November 19, 2025 Fraud has towered over our economy for too long and has reached the highest levels since first measured in the crime survey for England and Wales. This deceitful crime now represents 44 per cent of all offences or 4.1 million incidents, with more than £1 billion lost to fraud last year alone. Behind those numbers [...]
Company directors now required to verify identity under new rules November 18, 2025 In one of the biggest changes at Companies House for years, its new ID powers kicked in today – forcing company directors to verify their identity or risk facing new enforcement powers. Starting from 18 November, anyone who becomes a company director or person with significant control will need to verify their identity via GOV.UK [...]
Crinkled paper to fake logos: Businesses face surge in expense scams November 18, 2025 Businesses are experiencing a sharp rise in fraudulent attempts at expenses, as AI has made it easier to replicate receipts. Over the last three months, Google searches for ‘AI receipts’ have soared by 340 per cent, as employees look to take advantage of AI-generated capabilities to submit fake expenses. A recent study by SAP Concur [...]
UK telecom giants sign new pact to block scam calls as AI drives fraud November 5, 2025 Britain’s biggest mobile networks have agreed to overhaul their systems to stop scammers using fake numbers to impersonate banks and government departments. As ministers seek to stem the growing tide of AI-driven fraud, BT, EE, Vodafone, Three, Virgin Media O2, Sky, TalkTalk and Tesco Mobile have signed a new telecoms charter with the Home Office. [...]