Failure to clamp down on use of personal accounts or conduct adequate money laundering checks at Nationwide led to one customer claiming £26m in fraudulent furlough claims
To tackle the scourge of investment scammers, the Financial Conduct Authority has launched Firm Checker, a tool to help consumers identify legitimate companies and avoid scams
Chaotic procurement, pointless self verification to secure bounce back loans, and lack of basic checks by banks in early months of pandemic led to Covid fraud fiasco
Most accountants are upbeat about growth for their SME clients next year, but warn business owners struggle to access adequate finance with patchy banking support, so what’s the answer for this critical part of the economy, asks Sophie Hossack, head of partnerships at Allica Bank
Details of plans for the new HMRC tax adviser ‘interact’ register have become clearer in 18 pages of legislation in draft Finance (No.2) Bill with firms required to register not individual staff members
In a bid to smash money laundering and financial fraud, government sets out anti-corruption strategy with major focus on ‘corrupt lawyers, accountants and bankers’
The UK’s largest tax advice charity TaxAid is launching a major fundraising campaign to help vulnerable taxpayers navigate Making Tax Digital for Income Tax
As firms struggle to keep staff, younger accountants criticise lack of transparency on job ads, limited flexible working, and no clear career progression