In its July 2024 policy statement on compliance and monitoring under the Faster Payments APP fraud mandatory reimbursement requirement, the PSR introduced some leeway on timing for PSPs to comply with ...

Authorised push payment (APP) fraud losses have fallen by an estimated £73 million annually, according to a review into the impact of rules requiring banks to reimburse victims. APP fraud happens when ...

Kerry Nelson and Jacqueline Stephens plead guilty at Portsmouth Crown Court to defrauding four clients of £2m; sentencing is set for 10 December 2026.

UK consumers experienced higher volumes of fraud and more losses in the first half of the year, compared to the same time period in 2024, according to the latest figures from the banking industry. UK ...

As the Financial Times reported Sunday (July 9) — citing unnamed sources — the group has written to Jeremy Hunt, the British chancellor, saying that its data has found that 61% of all reported ...

The CBI has initiated an investigation into a $10 million fraud case involving India Exim Bank and a dissolved UK-based ...

The numbers in this year’s UK Finance Annual Fraud Report tell a story that every financial institution in the country ...

The delay will give PSPs more time to contact the customer or relevant third parties, such as law enforcement, HM Treasury said in a Tuesday (March 12) policy note. This will amend the current rules, ...

Food fraud is costing the UK economy up to £2 billion every year, according to the first study to calculate its full economic impact. The research, from the University of Portsmouth, estimates that ...

The United Kingdom’s (UK) Health Service fraud watchdog has secured the conviction of Nigerian doctor Richard Akinrolabu for falsely claiming he was unfit to work while taking on night and on-call ...

Internet and e-commerce fraud in the UK rose by 179% during the period from 2010 to 2020, according to an analysis by Uswitch.com. In 2020 alone £376.5m was lost to internet and e-commerce fraud in ...