UK banks will be given new powers to delay payments suspected to be fraudulent, as the government tackles the millions lost to scammers every year. New laws proposed by the government will extend the ...

The City watchdog said today that the UK bank had “shockingly lax” financial sanction screening controls, and did not comply with an agreement it had made with the FCA not to open new accounts for ...

Meta’s move follows a pilot with NatWest and Metro Bank, which the company claims helped it close 20,000 accounts after banks shared links of malicious websites where fraudulent transactions took ...

Despite the introduction of new caps on banks’ maximum reimbursement to fraud victims, the study, which compiled data from 28,000 customers from 15 countries between 2021 and 2023, found that UK ...