Showing financial crime the red card
Speech by Steve Smart, joint executive director of enforcement and market oversight, at the 1LoD Financial Crime Summit. Financial crime is still too often seen as a lesser offence. A small-scale scam...
Tax-free pension lump sums and cancellation rights
Our statement explaining how FCA rules on cancellation rights, to complement an HMRC statement about how tax legislation applies to tax-free pension lump sums. On 25 September 2025, HMRC published new...
Fraudsters Exploit Banks’ Blind Spot in Internal Transfers
Watch more: Need to Know: Entersekt, Mzu Rusi
When it comes to fraud, banks have traditionally built their defenses around the obvious exits.
Wire transfers, ACH, peer-to-peer (P2P) payment...