The UK Finance Annual Fraud Report reveals that criminals stole £1.28bn through payment fraud in 2025, a 4% increase on the previous year. Authorised push payment (APP) fraud losses rose even more ...

A UK High Court ruling that Chinese law governs victims' claims boosts the government's bid to keep 61,000 Bitcoin seized in ...

UK freezes a £9 million London penthouse tied to Thet Li, alleged finance chief of Prince Group, linked to $14 billion in seized Bitcoin.

Financial fraud has become one of the UK’s most damaging, persistent, and underestimated national threats. The appointment of the UK’s first Fraud Minister marks a decisive moment—one that could, if ...

Thet Li, 39, paid £8.9million in 2022 for the 'stunning' four-bedroom, 3,250-square-foot property near St James's Park and ...

Forbes contributors publish independent expert analyses and insights. I write about how fintech is disrupting the financial industry. This voice experience is generated by AI. Learn more. This voice ...

UK consumers have been on the receiving end of a huge influx of online fraud, losing over £11bn ($13.8bn) in the past 12 months, according to Cifas. The fraud prevention non-profit surveyed 2000 Brits ...

It’s estimated that Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025 and that the platform is deeply interconnected with a range of other illicit services. The UK ...

Messaging scams are becoming increasingly sophisticated as criminals use AI to imitate trusted people, familiar brands, and everyday conversations. New research from Kaspersky suggests these schemes ...

UK consumers received GBP 3.5 billion through friendly fraud in 12 months, with 6.5 million claimants and repeat behaviour a significant pattern.

From left: Brian Gorman, fintech vertical lead, GSM Association, and Dianne Doodnath, principal, UK Finance Using predictive models to detect fraud early, the GSM Association and UK Finance have ...

A network of at least four organizations running illegal scam centers in Southeast Asia has been sanctioned by the UK and US government. The sanctions will freeze these businesses and properties some ...