In the first of our “crossover” episodes, Susannah Cogman is joined by Jenny Stainsby from HSF’s Financial Services Regulatory team to look at the financial sector’s current focus on APP fraud, its interaction with the offence of failure to prevent fraud, and other steps being taken to tackle this widespread fraud typology.

Stay tuned for Part 2 of our financial sector focus where we will be looking at some of the other implications of the Economic Crime and Corporate Transparency Act 2023 for financial institutions, as well as further episodes focusing on other key aspects of the Act.

You can find further information on APP fraud and the FCA’s approach to fraud prevention here:

APP fraud and vulnerable customers – lost in implementation?

APP Fraud: Prevention is surely better than paying out

APP Fraud – the UK is increasingly looking out of step

Tackling APP Fraud in the UK: where to next?

Proceeds of fraud – Detecting and preventing money mules

Firms should strengthen anti-fraud systems and must treat victims of fraud better, review finds

Anti-fraud controls and complaint handling in firms (with a focus on APP Fraud)

 

Susannah Cogman
Susannah Cogman
Partner
+44 20 7466 2580
Jenny Stainsby
Jenny Stainsby
Partner, Global Head - Financial Services Regulatory
+44 20 7466 2995
Robert Hunt
Robert Hunt
Partner
+44 20 7466 3423
Kate Meakin
Kate Meakin
Partner
+44 20 7466 2169
Brian Spiro
Brian Spiro
Partner
+44 20 7466 2381
Elizabeth Head
Elizabeth Head
Of Counsel
+44 20 7466 6443