As part of International Fraud Awareness Week, Richard Wilson, chief credit and compliance officer at OSB Group, discusses the latest fraud trends currently sweeping the UK so that...

Metro automated the monitoring of customer transactions for potential financial crime, however, the system did not work as intended

The pair defrauded at least 65 investors out of £1,541,799. 

Examples include dishonest sales practices, the hiding of important information from consumers or investors, or dishonest practices in financial markets.  

29% of those attempts are considered successful.

The government hopes the new rule will reduce the amount of money lost to fraud in the UK, but industry has warned that essential payments like mortgages could be impacted.

734,687 property owners in total have now signed up for the free service.