The FSA has banned Cornwall mortgage broker Stephen Sanders for submitting at least three mortgage applications on behalf of customers which he knew contained false and misleading income information.
New Cifas stats paint bleak picture for the UK’s financial institutions and card companies.
Identity fraud surged by nearly three quarters in the first half of the year, driven by continued malicious online activity, and the economic slowdown, according to new figures from UK fraud prevention service Cifas.
The Government’s new strategy for tackling serious organised crime, entitled Extending Our Reach: A Comprehensive Approach to Tackling Serious Organised Crime, has been published.
The strategy endorses many of SOCA’s current ways of working, including by seeking to cement a collaborative approach and to embrace wide-ranging tactics.
Businesses in Northern Ireland are invited to a free one day conference on Tuesday 22 September 2009 to learn how to safeguard themselves against serious organised crime and money laundering.
The event, organised by the Asset Recovery Working Group ‘Payback’ Team, and hosted by the Organised Crime Task Force (OCTF) and SOCA’s UK Financial Intelligence Unit (UKFIU) is aimed at small and medium sized businesses in Northern Ireland who are covered by the Money Laundering Regulations 2007.
Investigation shows Taliban in Afghanistan and Pakistan get money from extortion, crime and drugs
Taliban refer to extortion money as tolls, taxes or zakat
PESHAWAR: For the Taliban in Afghanistan and Pakistan, money is coming mostly from extortion, crime and drugs, an AP investigation claims
An Afghan criminal who boasted he was Europe’s biggest people smuggler has been jailed for 9 years for smuggling illegal immigrants into the UK.
Over 12.5 tonnes of cannabis resin – enough to produce 36 million spliffs – has been incinerated after an investigation by the Serious Organised Crime Agency.
The drugs seizure, from the tug boat ‘Abbira’ which had docked at Southampton, represents one of the largest seizures of cannabis resin in the UK. It was destroyed in a specialist incinerator and needed 6 separate burnings to cope with the volume.
The number of offshore financial centres could shrink by half within the next five years as the worldwide crackdown on tax havens gathers pace, according to a prominent Jersey-based financial lobbyist.
This guidance is being sent to Money Service Businesses (MSBs) with a copy of the first direction issued under the Counter Terrorism Act 2008 Schedule 7 which affects them and will shortly be included in Public Notice MLR8: Preventing money laundering and terrorist financing.
If you have known somebody as a close relative for 40 years do you still need to ID him before accepting instructions?
AccountingWEB.co.uk 22-Apr-2009