Credit, Collections & Insolvency News
The COVID-19 coronavirus pandemic lockdown has led to an unprecedented rise in opportunism and scam activity. The Chartered Trading Standards Institute (CTSI) has witnessed a seemingly endless stream of new scams target the public. As of mid-May, Action Fraud reports that over £3.5 million has been stolen from the UK public in coronavirus-related scams since…
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The British Business Bank has announced that it has approved two new lenders for accreditation to offer Covid-19 business loans to small businesses across the UK. Tide will join the sixteen other lenders who have been accredited to the Bounce Back Loan Scheme (BBLS) since the scheme opened last week. Alternative finance lender Liberis has…
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One in four business leaders unaware of anti-money laundering (AML) regulation changes according to new research by SmartSearch. More than one in four (26%) business leaders admit they have no knowledge of recent changes to money laundering regulation and what they need to do to remain compliant. The research has revealed the extent of business…
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