The offering aims to help financial institutions strengthen compliance, reduce operational costs and combat financial crime.

Four clients lost a total of £2 million.

Campbell allegedly misappropriated funds from clients on numerous occasions. 

Dance transferred over £64 million from client accounts of Vertus and WealthTek to accounts he controlled.

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.