The Financial Conduct Authority (FCA) has called on banks and payment firms to strengthen their defences against romance scam fraud after uncovering serious shortcomings in how the sector identifies and prevents this growing form of financial crime. Despite positive examples of firms intervening effectively, the regulator found repeated instances where opportunities to stop fraud were missed, leaving victims facing devastating losses. Romance fraud cost victims £106 million i

The Payment Systems Regulator (PSR) has marked the first anniversary of its Authorised Push Payment (APP) reimbursement policy by...

The Financial Conduct Authority (FCA) has secured the conviction of Daniel Pugh, 35, who has been sentenced to seven years and six months...

A Texas man who ran a fraudulent cryptocurrency investment scheme has been denied a bankruptcy discharge worth more than $12.5 million,...

A federal jury in Puerto Rico has convicted a fifth defendant for conspiracy to launder funds tied to wide-ranging fraud schemes that...

The Financial Conduct Authority (FCA) has secured the conviction of Daniel Pugh, 35, of Devon, for orchestrating a fraudulent £1.3...

The United States Department of Justice (DoJ) has filed a landmark civil forfeiture complaint against more than $225.3 million in...

An Arizona man has pleaded guilty to money laundering and conspiracy to obstruct justice after orchestrating a multi‑million‑dollar...

Four individuals, including a senior contracting officer for the United States Agency for International Development (USAID), have pleaded...

A Tennessee man, Ryan Glidewell, has pleaded guilty to orchestrating a large-scale COVID-19 Employee Retention Credit (ERC) fraud scheme,...

Two California residents have pleaded guilty to their roles in a major Medicare fraud and money laundering scheme that exploited the...

The unsealing of an indictment against OmegaPro's founder Michael Shannon Sims and promoter Juan Carlos Reynoso marks a significant step...