PIMFA launches data-sharing platform to combat financial crime

The platform, PIMFA-AECIS, allows users to anonymously compare and match against each other's financial crime data. Where matches arise, organisations can legally go on to share intelligence directly with each other. In 2017, some £193bn was lost to financial crime in the UK, with more than 630,000 reports to the National Crime Agency over 18 months to December 2017. Meanwhile, data from the Financial Conduct Authority and The Pensions Regulator revealed savers lost about £91,000 each on average from scammers promising lucrative returns from fraudulent schemes.  FCI chief executive...