The value of fraud has risen to over £2 billion over the last year, revealed John Barrasss, chief executive of the Wealth Management Association (WMA) at its Annual Financial Crime Conference in London.
At the conference, Rob Gruppetta, head of financial crime department, investment, wholesale & specialist supervision division at the Financial Conduct Authority (FCA) said that over the last year there have been 3.6 million instances of fraud, 2.5 million of which were linked to bank and credit accounts. He further highlighted that cybercrime remains one of the FCA\'s top seven priorities. In this vein, he pointed to the...
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