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Fraud news in the UK

An overview of news, trends and research in the category Fraud in the UK:

What the Failure to Prevent Fraud Offence means for UK businesses From September 2025, the new Failure to Prevent Fraud Offence will require large companies to show a top-level commitment to fraud prevention.
21 April 2025
Senior global financial services staff expect financial crime risk to rise With cybersecurity threats on the rise, the majority of financial services leaders in the UK expect crime in their sector to rise.
21 March 2025
Value of fraud hitting UK charities falls amid improved reporting BDO has found improvement in awareness, and the reporting of fraud within the charity sector, leading to losses of up to and over £1 million decreasing.
18 December 2024
Uptick in money laundering cases reaching court New figures relating to UK fraud cases suggests that new anti-money laundering measures are having the desired impact.
03 September 2024
Businesses in UK and Ireland exposed to cyber-attacks by remote work Firms from the UK and Ireland are enduring a steep increase in ransomware attacks – with Ireland worst hit of any country in Europe according to a new study.
15 February 2024
UK businesses turn to technology to out-flank fraudsters UK businesses are among the most concerned with fraud in Europe. However, they are also the most confident that their defences remain one step ahead of fraudsters.
07 December 2023
PwC agrees anti-fraud alliance with tech provider Clearspeed Voice analytics technology provider Clearspeed has penned a new partnership with professional services giant PwC.
22 September 2023
How to offer top support to clients in preventing fraud As fraud becomes an increasing issue for all organisations, consultants need to have leading knowledge of ID verification and data quality technology, as well as how to apply it.
21 August 2023
Fraud costs UK businesses £158 billion each year Fraud is costing the UK more than £200 billion each year, according to a new report.
05 July 2023
London Police selects Capita and PwC for Action Fraud upgrade work City of London Police has selected Capita and PwC to support with upgrading the services of its fraud reporting division.
28 June 2023
Volume of UK fraud falls but value booms past £1 billion Fraud cases of more than £100,000 declined in number through 2022 – falling by more than one-quarter from the previous year.
27 February 2023
FRC finds 'instances of cheating' in accounting exams The British wings of some of the world’s largest professional services firms are set to be embroiled in a global exam-cheating scandal.
28 December 2022
Jon W. Harvey on how banking C-suites are adapting to AML change With financial services operators still struggling to comply with major Anti-Money Laundering regulatory shifts, it is vital that banks – both in Europe and around the world – build new strategies to
06 October 2022
Two-thirds of UK organisations hit by Covid-era fraud UK firms suffered from a spike in fraud during the pandemic years.
03 June 2022
PwC partners with Neotas to combat financial crime Global professional services giant PwC has partnered with due diligence start-up Neotas to help combat financial crime.
20 May 2022
Fraud committed by employees rises due to Covid-19 Employee fraud jumped by 45 cases in 2021, according to a new report.
25 March 2022
Half of $15 billion turnover companies suffer impact of corruption More than half of the world’s largest corporates are being hit hard by corruption and illicit activity.
21 September 2021
Anti-bribery and corruption risks to increase further in 2021 The vast majority of risk professionals expect anti-bribery and corruption risks to stay the same or increase in the coming year, according to a new report.
25 June 2021
Sionic deepens fraud offering with Revelock solution Sionic has deepened its fraud offering for banks with the addition of Revelock’s solutions to its portfolio. The partnership sees Sionic boost its expanding fraud detection service.
18 June 2021
Accenture employee defrauded firm of over £28,000 in ‘expenses’ A trusted worker has been caught pocketing thousands of pounds via false expenses claims from his employer, Accenture.
10 February 2021
Value of large fraud in UK booms to more than £1 billion After major cases of fraud declined drastically in 2018, news has broken that the value of fraud worth over £100,000 has surpassed the £1 billion mark once more.
03 February 2020
UK businesses should focus more on tackling internal fraud Nearly four in every ten UK businesses have been hit by internal fraud in the last 12 months, according to a new study.
04 November 2019
Victims lose £27 million to cryptocurrency investment scams Cryptocurrency and foreign exchange investment scams saw victims in the UK lose some £27 million in the last financial year, new figures show.
30 May 2019
ICO stings tax consultancy with £200,000 privacy fine A London-based tax return consultancy has reportedly been fined £200,000 for sending out millions of spam texts without consent.
19 December 2018
Venture arm of Accenture invests in financial crime specialist Quantexa Global consulting firm Accenture has invested in a new partnership with data analytics firm Quantexa.
20 November 2018
Number of Serious Fraud Office raids highest in six years With fraud in the UK at an alarming high, the Serious Fraud Office spent the past year trebling its efforts to gather information on major scam artists.
31 July 2018
Quarter of UK businesses asked to pay bribes in 2017 UK businesses are reporting an increase in the occurrences of bribery and corruption, according to a new study.
06 April 2018
Total value of reported fraud in the UK breaches the £2 billion mark Fraud in Britain has risen by more than 500% over the last 15 years, while the latest data available has revealed a 6% increase in major scams over the course of 2017.
16 January 2018
Reducing the risk of fraud by employees with gambling habits Corporate fraud has been on the rise in recent years, with staff addicted to gambling accounting for a notable part of the group of frauders.
12 September 2017
Wound up consultancy Movette caught red handed posing as Google Movette, a Manchester-based consultancy firm which misrepresented itself as Google when selling a service, has been wound up in the High Court.
11 August 2017
Portuguese police raid BCG office amid client corruption case Professional services firm Boston Consulting Group (BCG) were the recent targets of a raid by Portuguese police after a local client became the subject of a corruption inquiry.
30 June 2017
The five main impacts of 5AMLD regulation for financial institutions Matt Taylor, a Managing Director in the Risk and Compliance wing of Protiviti, reflects on the impact of the Fifth EU AML Directive (5AMLD) and provides tips how organisations can best prepare for th
27 June 2017

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