fraud

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.

The Financial Services Authority yesterday said the collapse of a large private equity-backed company in the future is inevitable, reports the Times .

A spoof website has sprung up on the internet which claims to be the voice of the Financial Services Authority but anonymously presents the financial regulator in a bad light.

Four mortgage intermediary firms have been referred for possible enforcement action following the launch of a fraud reporting system between mortgage lenders and the Financial Services Authority (FSA).

Directors of Equitable Life will not face a Serious Fraud Office inquiry, the SFO has announced.

Financial services firms must take their responsibilities on fighting fraud and money laundering seriously or face enforcement action, warns the Financial Services Authority (FSA).

Five fraudsters who used puppet trustees as a tool to steal almost £3m from a final salary pension fund have been jailed for a combined total of 26 years.

A tax consultant is to face the next couple of years behind bars after trying to cheat the Inland Revenue of almost £17m in taxable income.

Mortgage lenders have been told in a letter from the FSA there is little evidence of abuse of self-certification mortgage applicants as firms have good controls to prevent against fraud.