Financial scams continue to target the most vulnerable

Banking Protocol proving to be an effective deterrent

clock • 4 min read

Debbie Barton looks at the ever-changing scourge of financial scams and the latest deterrent, the Banking Protocol...

Financial scams and other fraudulent attempts continue to plague our industry, with customers regularly caught out by criminals devising increasingly sophisticated, targeted attacks. Despite the continuous rise in the number and severity of such attacks, this year has seen a limited level of legislative progress with regards to combatting fraud and offering support to those people who fall victim. The Online Safety Bill, for example, has seen significant delays this year after being put on hold during the Conservative leadership race in the summer, followed by the turbulent period tha...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Neil Woodford's W4.0 rejects FCA's characterisation and 'regrettable' civil claim

Neil Woodford's W4.0 rejects FCA's characterisation and 'regrettable' civil claim

In response to civil proceedings from the regulator

Patrick Brusnahan
clock 09 June 2026 • 2 min read
FCA obtains £452,000 confiscation order in Ponzi fraud case

FCA obtains £452,000 confiscation order in Ponzi fraud case

Confiscation order against convicted fraudster Daniel Pugh

Sophia Panayi
clock 08 June 2026 • 1 min read
Two arrested over suspected £153m TikTok tax scam

Two arrested over suspected £153m TikTok tax scam

Accused of promising financial rewards for personal details

Jen Frost
clock 04 June 2026 • 2 min read