Cifas, the UK’s leading fraud prevention service, is warning people working from home to be extra vigilant of fraud following a huge surge in coronavirus scams. The warning comes as Cifas sees a huge spike in online activity around coronavirus. On March 1st 2020 there were just 3,000 internet domains containing the phrase ‘coronavirus’, and…

Smart Search has announced that it has launched a dedicated anti-money laundering service (AML) for businesses adapting to remote working The company says that with the government now stating all non-essential businesses should work from home where possible and minimise the amount of time we spend around other people, experts advise there’s never been a…

Cifas, the UK’s leading fraud prevention service, has launched the latest Fighting Fraud and Corruption Locally (FFCL) strategy on behalf of the FFCL Board, which sets the approach that local authorities will take to tackle fraud over the next decade Councils across the UK continue to face a significant challenge to their budgets and resources…

Fraud victims were able to reclaim £41.3 million from banks in the second half of last year, even as bank transfer and impersonation scams were up 29% in 2019 to £455.8 million. This followed the introduction of a new code in May last year which was intended to provide greater protection from fraud for account…

New research reveals which industries in the UK submit the most Suspicious Activity Reports, with banks and building societies leading the way. Suspicious Activity Reports (SARs) are submitted to the National Crime Agency by individuals or institutions such as banks, estate agents, solicitors and accountancy firms. The reports are submitted when a person or organisation…

Which? is calling for vital fraud protections to be made mandatory, as the consumer champion reveals more than £1 billion is estimated to have been lost to bank transfer scams in just three years. With measures set to come in that should significantly reduce the amount of money lost to this type of fraud, Which?…

The Dedicated Card and Payment Crime Unit (DCPCU) targets the organised criminal gangs responsible for fraud. It is made up of officers from the City of London Police and the Metropolitan Police Service as well as banking industry fraud investigators and support staff from UK Finance. Over the past year, the unit has worked in…

Anti-money-laundering (AML) firm SmartSearch has moved up more than 300 places in the Financial Times’ (FT) annual list of the fastest-growing European companies. The FT 1000 lists the European companies that have achieved the highest growth rate over 2015–2018. SmartSearch’s placing at 596 compares with its 917th position in last year’s list, on the back…

Over £100 million worth of fraud — often targeting vulnerable and elderly customers — has been prevented through the Banking Protocol, a UK-wide scheme that enables bank branch staff to spot potential fraud victims and request an immediate police response. The latest figures from UK Finance reveal that 16,462 calls have been made through the…

The interim funding arrangement to pay compensation to victims of authorised push payment (APP) scams in situations where both the customer and their bank have met the standards expected of them under the APP scams voluntary Code is being extended to 31st December 2020. The payment service providers (PSPs) who have provided the interim funding…

1 2 3 19