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Identity fraud cases at all - Time High

Identity Fraud Cases at All-Time High

Identity fraud is now one of the biggest fraud threats to the UK public, with cases soaring by nearly a quarter over the last year, recent figures show.

A collection of coins, including one prominently featuring the word "liberty," with text overlay announcing "economic crime act receives royal assent." the logo "laml compliance" is in the corner.

Economic Crime Act Receives Royal Assent

The Economic Crime and Corporate Transparency Act received Royal Assent on 26 October 2023. The new act contains laws to “fight fraud, counter corruption and bolster legitimate business”.

Two professionals discuss documents and a digital tablet on a desk, focusing on aml compliance, with a headline about a broker fine.

FCA Fines Broker £6.5m for Historic AML Failings

The Financial Conduct Authority (FCA) has ordered ADM Investor Services International Limited (ADMISI), a broker affiliate of Archer Daniels Midland, to pay almost £6.5m for serious financial crime control failings.

A desk with financial documents featuring graphs and charts, alongside a calculator and a pen, with text overlay reading "AML shake-up puts accountants at risk".

AML Shake-up Puts Accountants at Risk

The UK government’s plans to reform the country’s anti-money laundering (AML) regime will expose accountants and other businesses to a greater risk of financial crimes, professional body the Association of Accounting Technicians (AAT) has warned.