The UK’s top consumer rights watchdog has issued a list of demands to banks and regulators over spiralling payment fraud just days before a voluntary industry reimbursement code is set to be...
The UK’s business register is coming under scrutiny for its role in enabling money laundering, with a consultation being launched on its overhaul as the government acknowledges the need for reform.
UK consumer complaints about credit cards continued to climb steadily in 2018, defying an overall drop in the number of grievances received by regulated financial institutions, new figures show.
On April 10, 2019, UK Finance released a report, jointly drafted with EY Financial Services, titled “Third-Party Risk Management: Keeping control in a rapidly changing world”, which recognises the...
Proliferation financing looks set to become a growing priority for financial institutions, as more governments and trade bodies follow the lead of the Financial Action Task Force (FATF) and turn...
On April 5, 2019, the Open Banking Implementation Entity (OBIE), in collaboration with UK Finance, published a document entitled "PSD2 Contingency Exemption Form Illustrative Answers - Publication...
Authorised push payment (APP) fraud losses rose by close to half again in the second half of 2018, with the UK’s faster payments system the tool of choice for criminals looking to whisk funds away...
The European Payments Council has announced that the UK will retain access to the Single Euro Payments Area (SEPA) even in the event of a no-deal Brexit, putting an end to months of uncertainty.
The UK’s top financial regulator has published the results of the pressure put on credit card firms over the last two years to reform their fee structures, cautioning them not to slip back into...
A financial industry framework to tackle particular types of fraud in the UK will come into effect in late May, it was announced late on Thursday, but the regulator has scrapped plans to implement...
A joint effort by UK police and the financial services industry prevented £94.5m of fraud and courts convicted 48 fraudsters on the back of its investigations last year, an industry group has...
The UK’s Payment Systems Regulator (PSR) has denied it has pushed back the deadline for banks to launch a “confirmation of payee” system, despite industry claims its introduction could be at least...
UK banks have called for support from regulators on slowing down payments as part of an anti-fraud strategy, as the sector readies itself for incoming new industry standards.
Money lost by UK citizens to romance scammers has soared over the past year despite wider industry anti-fraud efforts, as money transfer businesses remain conduits of choice for largely offshore...
UK Finance is the touting the success of its banking protocol scheme in preventing £38m of fraud in 2018, although consumer groups are highlighting the need for continued pressure on remote as well...
Banks in the UK have called on regulators to make clear how payment initiation service providers will fit into the upcoming voluntary industry code on thwarting authorised push payment (APP) fraud.

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