A man responsible for running a multi-million-pound fraud website has pleaded guilty in the UK’s largest ever fraud investigation led by the Metropolitan Police Service (MPS).

https://www.policeprofessional.com/news/man-pleads-guilty-to-running-multi-million-pound-criminal-website-following-largest-ever-mps-fraud-investigation/

The UK’s finance watchdog has begun an investigation into beleaguered tech firm WANdisco amid concerns over fraud.

The investigation by the Financial Conduct Authority follows an internal probe into suspected fraud at the company which found over $115 million in missing bookings.

https://uk.sports.yahoo.com/news/fca-investigates-wandisco-amid-fraud-062423506.html

Founded in 1844, Companies House has long kept the definitive register of UK companies.

The service is run on the principle of good faith, registering new firms without investigation, provided the forms are complete and ‘properly delivered’.

This, however, has left the register open to fraudulent and misleading filings, leaving consumers in danger of falling victim to scams.

More than 450 company directors have been disqualified in a crackdown on covid fraud claims.

The Insolvency Service announced that 459 of the 932 disqualifications overall for fraud were related to the coronavirus financial support scheme, introduced during the pandemic to help businesses in lockdown

Claire Graham, partner at TLT and chair of the North West Fraud Forum, discusses why networking and knowledge sharing is crucial to dealing with fraud.

https://www.insidermedia.com/blogs/north-west/why-networking-and-knowledge-sharing-is-the-key-to-tackling-fraud

The police-backed North West Fraud Forum (NWFF) is calling on businesses across the region to work together to combat the increasing risk of business fraud.

https://www.business-live.co.uk/special-features/businesses-need-work-together-fraud-26749485

This animation shows an example of a mandate fraud targeting an NHS organisation which is stopped thanks to the quick thinking of a member of the finance team.

https://www.youtube.com/watch?v=cC_YHrWg374

Victims who have lost    thousands of pounds in a cruel scam that sees fraudsters impersonate their bank have slammed Revolut for their response. 

https://www.thisismoney.co.uk/money/article-11927943/More-fraud-victims-speak-trendy-e-money-app-Revolut-refused-refunds.html

Today (21 November 2022) the Security Minister chaired a session of the Joint Fraud Taskforce and welcomed a new victim checklist created by the banking industry.

https://www.gov.uk/government/news/security-minister-welcomes-new-support-for-fraud-victims

A more joined-up approach is needed across the banking industry and other sectors to “break the spell” of scammers, according to Santander UK. It said all banks and payment service providers should follow a specific set of rules to help prevent frauds where people are tricked into transferring cash to criminals.

https://uk.finance.yahoo.com/news/santander-seeks-more-banking-checks-230100269.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr