A man has admitted 19 charges of fraud – worth nearly £2 million.

Christopher Peach, 51, formerly of the Black Lion Hotel, on Scotland Street, Ellesmere, pleaded guilty to 19 fraud charges at Shrewsbury Crown Court on Wednesday morning.

https://www.shropshirestar.com/news/crime/2023/07/19/man-admits-19-fraud-charges--worth-nearly-2m/

A new report from HMRC has revealed £110 million of fraud and error in R&D tax relief claimed by SMEs in the construction sector in 2020-21.

The new figures have been released ahead of the introduction of tighter rules which come into force from August this year.

https://www.scottishconstructionnow.com/articles/hmrc-uncovers-ps110m-of-fraud-and-error-in-construction-rd-claims

In this contributed piece, Sameer Hajarnis, Chief Product Officer at OneSpan, discusses the growing threat of digital identity theft and how best to protect yourself, as well the future of digital identities.

The digital world touches everything we do: work, shopping, even your wallet. And the one thing that keeps your digital life secure is your identity. So what makes up your digital identity?

https://www.digit.fyi/comment-digital-identity-theft/

The government’s national fraud strategy, published on May 3, is the latest in a lengthy series of official documents bemoaning, analysing and attempting to address fraud – an epidemic now accounting for 40 per cent of all crime.

https://www.ftadviser.com/regulation/2023/07/17/govt-s-fraud-strategy-welcomed-but-resources-boost-is-crucial-to-success/

More than half of all company directors struck off in Britain in the past 15 months were involved in alleged fraud or abuse of Covid-19 financial support schemes, official figures have revealed.

There were 1,200 directors disqualified between 1 April last year and 30 June this year, with 611 of the cases involving abuse of Covid-19 schemes, mainly in relation to taxpayer-backed bounce-back loans. About £1.1bn of loans have already been flagged as suspected fraud or error.

The Security Minister convened a meeting of the Joint Fraud Taskforce to discuss measures to tackle fraud including an online fraud charter.

Representatives from across the private sector met at 10 Downing Street to update government on progress made to tackle fraud and protect the public from scams.

https://www.gov.uk/government/news/government-and-industry-meet-to-progress-the-fight-against-fraud

A sophisticated Chinese cyber-attack aimed at stealing UK and European foreign policy data has been tracked by investigators monitoring a global online battlefield.

https://metro.co.uk/2023/07/14/map-shows-extremely-targeted-chinese-cyber-attack-on-uk-and-europe-19125490/

Barclays Bank, represented by TLT and barristers from Fountain Court, has won a major UK Supreme Court case against a customer who fell victim to bank transfer fraud.

The ruling stated that banks cannot be held responsible for authorised push payment (APP) fraud where an individual customer directly instructs their bank to make a payment which is subsequently found to be prompted by fraud.

https://www.globallegalpost.com/news/barclays-succeeds-in-major-uk-supreme-court-bank-transfer-fraud-decision-1303452749

Artificial intelligence (AI) would be used to help the unemployed find jobs and crack down on benefit fraud under Labour plans.

Shadow work and pensions secretary Jonathan Ashworth will set out how AI could be used to offer personalised support for people looking for work, analysing CVs and suggesting jobs that match their skills.

https://news.stv.tv/politics/labour-sets-out-plans-to-harness-ai-to-crack-down-on-benefit-fraud

The Solicitors Regulation Authority (SRA) reported transactions potentially involving money laundering worth over £75m to the National Crime Agency (NCA) in the last financial year.

Small firms dominated once again, with 70% of the 24 suspicious activity reports (SARs) sent by the SRA to law enforcement involving sole practices or law firms with 10 or fewer fee-earners, and the majority relating to conveyancing.

https://www.legalfutures.co.uk/latest-news/small-firms-at-heart-of-aml-reports-made-by-sra