Amicus Stresses Need to Prepare for New Fraud Offense

New Risks Redefined podcast: Risk Assessments - Failure to Prevent Fraud

In the latest of our Risks Redefined podcast series, Janna Garcia, Katie Stephen, Stuart Neely and Hannah McAslan-Schaaf focus on failure to prevent fraud risk assessments, including discussion of what firms should be thinking about in this area and what we have been seeing through our work supporting firms in relation to the new offence. Listen to the episode here. Our next podcasts in this series will continue on the theme of risk assessments …

Amicus stresses need to prepare for new fraud offense

Companies in the food industry in the United Kingdom have been urged to make sure they are prepared for upcoming legislation around fraud. Under the

UK Fraud Cases Jump 12% as Criminals Find New Scams

Last year saw 3.3 million reported cases of fraud in the U.K., a 12% increase over the 2023 numbers, according to UK Finance.

Investment scams fuel 34% rise in APP fraud losses despite fewer cases

Britain recorded a sharp increase in financial fraud cases in 2024, with a record 3.31 million incidents reported, a 12% rise from the previous year, according to new data released by UK Finance. According to Finance Magnates, despite this jump, the total financial losses remained largely unchanged year-on-year at £1.17bn, highlighting an evolving fraud landscape that is shifting in nature but not scale. Much of the increase in fraud was driven …

NEWS: Britain sees 12% spike in fraud cases as banks battle $1.6B epidemic - AML Intelligence

By Lawrence White Britain’s financial sector saw a record 3.31 million fraud cases in 2024, up 12% on the year before, according to data from industry body UK Finance. That increase led to a total of 1.17 billion pounds ($1.6 billion) being stolen in 2024, unchanged from the year before, as firms showed limited progress in combating a problem that accounts for 41% of all reported crime in Britain and which banks and regulators have said threaten…