FCA Calls For System Overhaul To Fight 'Fraud Epidemic'

Law360, London (September 5, 2019, 1:12 PM BST) -- Economic crime has reached "epidemic proportions" in Britain because the regulatory system is confusing and lawmakers have failed to consider financial fraud when drawing up new policies on savings and investments, a top watchdog has said.

Some types of investment scam are rising rapidly, the FCA chairman has warned, as the agency said fraud costs Britain's private sector £140 billion ($172 billion) a year. (AP) Fraud against individuals, and in particular investment fraud, is widespread in Britain, FCA Chairman Charles Randell said in a speech published Thursday. Some types of investment scam are rising rapidly, he warned. Legislation, regulation and resources directed...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!