The total value of fraud has risen 538% to £2.11bn in the last 15 years and is up 6.5% from £1.99bn in 2016, according to new research from BDO LLP. When it comes to type of fraud, BDO’s FraudTrack report found 550 cases of UK fraud were tax-related and the reported value of these cases […]
Written by David Gardner, partner, and Grace Roddie, solicitor, at law firm TLT The second EU Payment Services Directive (PSD2) took effect in the UK on 13 January 2018, laying down the framework for more transparent, competitive and open banking across the EU. The Directive introduces significant changes about how non-bank third party providers […]
Time and time again, we mention how technology is rapidly taking over; it has shaken up many industries and where there are countless benefits, there are also drawbacks. The financial industry has been victim to this, with money laundering now taking place in a variety of jurisdictions, as well as crypto-currencies bringing to surface encryption […]
We now hear from Anthony Trace who has extensive experience behind him allowing him to be a skilled mediator. With 35 years at the Bar, Anthony is often described as astute, responsive and unflappable. He speaks with Lawyer Monthly about his work and how he prepares to work with participants involved in banking and finance […]
The Second Payment Services Directive (PSD2 came into force this weekend on Saturday 13th January, with the Europe-wide legislation set to change the way that banks operate. Consumers will be able to instruct their banks to share data securely with third parties, making it easier to transfer funds, compare products and manage their accounts. However, […]
So MiFID II just came into force at the beginning of the month, and if you didn’t keep up to date, you’re likely really confused about what it entails and how it might affect you. Felicia Meyerowitz Singh, Co-founder and CEO of Akoni Hub, explains for Lawyer Monthly. MiFID II (Markets in Financial Instruments Directives […]
Below Mark Klein, General Counsel at Burford Capital, explores five reasons GCs need to take a closer look at litigation finance in order to avoid unexpected surprises. Litigation finance is becoming an increasingly important part of the commercial litigation landscape: according to a 2017 survey conducted by Burford Capital, the number of lawyers in the […]
With ongoing controversy surrounding the SFO's conduct in the Libor trials - particularly around the use of an expert witness that turned out to be texting individuals outside the court to clarify basic points - below noted legal commentator Dominic Carman delves deep into the matter. The Court of Appeal have raised serious concerns about […]
New rules to be introduced by the Payment Systems Regulator will in future make banks and financial services liable for payment scams and consequent reimbursement. Andy Barratt, UK Managing Director at Coalfire, explains more for Lawyer Monthly. During the first six months of this year, victims of Authorised Push Payment (APP) scams were conned out […]
On 6th December researchers from the University of Birmingham announced that they had found a security flaw that had 10 million banking app users at risk. The researchers have developed a tool to perform semi-automated security testing of mobile phone apps. After running the tool on a sample of 400 security critical apps, they were […]
Lawyer Monthly is a news website and monthly legal publication with content that is entirely defined by the significant legal news from around the world.
We use cookies to ensure that we give you the best experience on our website. By continuing to use this site you consent to the use of cookies. Privacy PolicyOkI do not consent
