Tag: UK Finance

The Financial Conduct Authority (FCA) is enhancing its support for the FinTech industry by confirming new anti-greenwashing guidance ahead of its enforcement starting 31 May.

On January 10, 2024, a pivotal shift in the UK's regulatory framework will unfold as the Money Laundering and Terrorist Financing (Amendment) Regulations 2023 come into effect.

Revolut, a global financial superapp serving over 35 million customers, has significantly expanded its Financial Crime (FinCrime) division, doubling the headcount since 2021.

Five associations have formed an alliance to help guide the UK’s digital currency future, through better policies, practice and regulation.

A Greenpeace-led report has found UK banks and assets managers were responsible for 805m tonnes of CO2 in 2019 – making it the ninth-largest carbon emitter worldwide.

Starling Bank's CEO and founder Anne Boden has criticised the UK government for failing to include financial fraud in the Online Harms Bill, arguing it will lead to more "heart-breaking stories".

The British government has amended its initiatives to help companies survive the global COVID-19 pandemic. Now, the country’s top financial markets watchdog has offered guidance as to what this will be regulated.

Hackers and scammers have taken advantage of the COVID-19 crisis to launch email and phone scams. But now a police task force funded by the banking industry has set out to deal with the fraudsters.

Britain is increasing the spending cap for contactless payments from £30 to £45 from April 1 to help people cope with the coronavirus outbreak. However, the move may increase the risk of fraud.

While the banking and finance industry prevented more than £1.8bn in fraud during 2019 in the UK, the amount lost through authorised push payments (APP) scams increased to £465m.