fraud

The former chief executive of Independent Insurance has received a seven-year jail term after being convicted of defrauding investors.

The Financial Services Authority has slapped a £350,000 fine on a private bank - and warned other firms they face large penalties if their anti-fraud systems are found wanting.

A high street bank has outraged customers after effectively banning everyone apart from the well-off from using one of its branches, says the Daily Telegraph .

Almost half of financial services firms believe financial crime has increased over the last two years, according to a report from the Financial Services Authority.

The government's data protection watchdog yesterday criticised 11 of Britain's banks and building societies for failing to protect personal customer information from fraudsters, reports the Guardian .

Insurance firms and intermediaries are being urged to report suspected criminal behaviour to the Financial Services Authority as part of its work to reduce the level of financial crime.

Alan Steel Asset Management, a leading Scottish independent financial adviser, has been targeted by fraudsters, reports the Scotsman.

More than 10,000 people a month are expected to declare themselves insolvent this year as a culture of unsustainable debt grows among the "buy now, pay never" generation, says the Times .

Banks and other financial institutions are deliberately failing to report incidents of online fraud to the police, possibly because they are worried about the potential damage to their reputations, a senior police officer said yesterday reports the Guardian....

The Financial Services Authority has barred John Vincent Burton, director of Mortgage and Finance Club Limited, for his failure to protect against fraudulent mortgage applications.