fraud

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.

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.