The ongoing investigation into the collapse of Market Financial Solutions has revealed that the amount of money missing may significantly exceed earlier estimates of £1.3 billion. Administrators from Alix Partners
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Fraud is becoming an increasingly pressing issue for the UK, now costing taxpayers an amount equivalent to the nation’s entire defence budget. Recent discussions in Parliament have highlighted a growing
Barclays has come under significant scrutiny following revelations of a £600 million exposure to Market Financial Solutions, a British non-bank lending firm that has recently entered administration. This collapse has
The long awaited report from Tom Hayhoe, the United Kingdom’s Covid counter fraud commissioner, delivers a damning conclusion on the handling of pandemic finance schemes. According to findings, more than
In a controversial decision, the Payment Systems Regulator (PSR) plans to significantly lower the maximum reimbursement for victims of authorised push payment (APP) scams from £415,000 to £85,000. This change
