Financial Crime UK – Atos Victims Group http://atosvictimsgroup.co.uk/ Sat, 09 Oct 2021 09:26:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://atosvictimsgroup.co.uk/wp-content/uploads/2021/05/default1.png Financial Crime UK – Atos Victims Group http://atosvictimsgroup.co.uk/ 32 32 Chalfont St Giles woman exploited rich man and spent £ 2.5million of his money https://atosvictimsgroup.co.uk/chalfont-st-giles-woman-exploited-rich-man-and-spent-2-5million-of-his-money/ https://atosvictimsgroup.co.uk/chalfont-st-giles-woman-exploited-rich-man-and-spent-2-5million-of-his-money/#respond Sat, 09 Oct 2021 09:26:04 +0000 https://atosvictimsgroup.co.uk/chalfont-st-giles-woman-exploited-rich-man-and-spent-2-5million-of-his-money/ Woman who exploited a wealthy man and spent £ 2.5million of his money on vacations, designer items and an Aston Martin has been criticized for not showing a ‘piece of remorse’ as she is imprisoned for more than five years. Louise Caplan, 34, met her victim, de Marlow – who has high-level autism – online […]]]>

Woman who exploited a wealthy man and spent £ 2.5million of his money on vacations, designer items and an Aston Martin has been criticized for not showing a ‘piece of remorse’ as she is imprisoned for more than five years.

Louise Caplan, 34, met her victim, de Marlow – who has high-level autism – online in October 2017 and they arranged to meet with the man paying several hundred pounds for the sexual services of Caplan.

They then agreed to a monthly financial deal of several thousand pounds to see each other.

But between October 2017 and November 2018, she presented herself as a successful businesswoman who employed multiple employees – when in reality she had no job and was in receipt of benefits.

Caplan told her wealthy victim that she had invested money in projects around the world, in which her victim – who had now become attached to her – also agreed to invest.

Instead, she used the money – totaling £ 2.5million – on expensive vacations, designer stores, a deposit at an Aston Martin and a £ 1million house. .

Caplan, from White Hart Close to Chalfont St Giles, knew his victim had to take out loans to meet his financial demands, but continued to pressure him for money to fund his extravagant lifestyle anyway. .

Her deception was eventually discovered and she was arrested for fraud by misrepresentation. At a hearing on May 18, she pleaded guilty.

At a sentencing hearing at Aylesbury Crown Court on Friday, October 10, a judge jailed Caplan for five years and three months.

Detective Constable Ross Fleming of the Economic Crimes Unit thanked the victim and her family for their “brutal dignity, patience and honesty” throughout the investigation.

He said: “This honesty contrasts sharply with the offender, who never showed the slightest remorse for the victim, a man whom she showered with messages of love and plans for her future, continually manipulating her emotional need. from her and exploiting her high-level autism.

“The offender knew the victim was richer than many. However, she continued to pressure the victim for more money, fully aware that he was taking out loans to meet her financial demands. His extravagant spending highlights not a crime out of necessity or need, but simple greed.

“I encourage everyone to familiarize themselves with the smart tactics used by romance scammers, which will help build our knowledge as a community.

“To anyone affected by romance fraud, please understand that it is not your fault. If it has not already been reported, please report the incident to Action Fraud online or by calling 0300 123 2040 .

“Finally, I would like to remind everyone that as a community we have the power to remove blame, shame and give hope to anyone who has been the victim of this type of horrific crime.

“I would also like to remind anyone in this position that additional emotional help and support is available.

“Victims First is available to residents of Thames Valley Police in Buckinghamshire, Berkshire or Oxfordshire).”

Check out the Thames Valley Police Guide to Spotting Amorous Scammers here – www.thamesvalley.police.uk/police-forces/thames-valley-police/areas/c/2020/a-guide-to-spotting-romance- fraudsters /


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CEO Martina King explains how her AI fraud prevention technology has adapted amid the pandemic https://atosvictimsgroup.co.uk/ceo-martina-king-explains-how-her-ai-fraud-prevention-technology-has-adapted-amid-the-pandemic/ https://atosvictimsgroup.co.uk/ceo-martina-king-explains-how-her-ai-fraud-prevention-technology-has-adapted-amid-the-pandemic/#respond Fri, 08 Oct 2021 10:37:00 +0000 https://atosvictimsgroup.co.uk/ceo-martina-king-explains-how-her-ai-fraud-prevention-technology-has-adapted-amid-the-pandemic/ When the pandemic struck and the lockdowns were imposed, consumer behavior changed overnight. While many fraud prevention systems have struggled to cope with the rapid shift to all online purchases, Featurespace’s self-learning models have shone, quickly embracing these new models. Martina King, CEO of Featurespace, with Lord Lieutenant of Cambridgeshire Julie Spence during the presentation […]]]>

When the pandemic struck and the lockdowns were imposed, consumer behavior changed overnight.

While many fraud prevention systems have struggled to cope with the rapid shift to all online purchases, Featurespace’s self-learning models have shone, quickly embracing these new models.

Martina King, CEO of Featurespace, with Lord Lieutenant of Cambridgeshire Julie Spence during the presentation of the Queen’s Award for Enterprise: International Trade. Image: Featurespace

It’s this sophistication in the face of change – and, in fact, the ever-increasing efforts of cybercriminals to break through defenses – that has helped Featurespace’s spiral of success this year.

The Cambridge-based company Science Park has secured 68 clients and is now generating more revenue in the United States than the company as a whole in 2018.

No wonder he won the Queen’s Award for Enterprise: International Trade earlier this year, an award which was finally presented in person last Thursday by the Lord Lieutenant of Cambridgeshire, Julie Spence.

“It was a great day,” Featurespace CEO Martina King told the Cambridge Independent. “We have hosted a lunch for all of our team here in the UK. We moved into our office in Cambridge Science Park, which we took over in March 2020. Today was the first day we were able to have the whole team in the office, for what was such a big event.

The Queen’s Award – the company’s second – recognizes the global growth of Featurespace since leaving the engineering department at Cambridge University in 2008, formed by the late Professor Bill Fitzgerald with his doctoral student, Dave Excell, who is now responsible for the growth and operation of the company across the Americas and oversees overall product strategy.

Interview with Martina King, Broers Building, Hauser Forum, 21 JJ Thomson Avenue, Cambridge.  Photo: Keith Heppell
Interview with Martina King, Broers Building, Hauser Forum, 21 JJ Thomson Avenue, Cambridge. Photo: Keith Heppell

“Our head office is in Cambridge and we have offices in London, Atlanta in the United States, Singapore and Israel,” said Martina.

“We have team members who work in several states in the United States and we have team members in Portugal, Spain, Australia and Thailand.

“We have a truly international customer base: 76 percent of this year’s sales were made outside the UK, 46 percent of which was in America.

“Our clients are based in 20 countries and we monitor transactions in over 120 countries. We have doubled the number of countries we serve in three years.

The company’s fraud prevention and anti-money laundering software monitors customer data in real time, using proprietary machine learning technology, adaptive behavioral analytics and networking deep automated behavioral.

Its ARIC Risk Hub provides financial institutions with a single customer view across the entire payment journey, predicting individual behavior in real time and automatically recalculating risk, despite changes in data flows.

It really made sense when the blockades were imposed.

Martina King, CEO of Featurespace, receives the Queen's Award from Lord Lieutenant Julie Spence.  Image: Featurespace
Martina King, CEO of Featurespace, receives the Queen’s Award from Lord Lieutenant Julie Spence. Image: Featurespace

“Ours has proven to be the only technology in the world that adapts and learns to a new data stream without anyone having to intervene,” said Martina. “A good example of this would be in card scoring, where all the data changed on March 23, 2020 from a mix of card present and card not present, to all cards not present, as everyone was performing home transactions.

“All the other companies had to retrain their machine learning models on the new dataset, but because ours are self-taught, our technology was really put through stress tests and in a very short time it was. recycled and has been able to provide protection to the level we offer.

“Our consumers and businesses have been protected faster than anyone else. “

And that’s good, because Covid-19 has also triggered a cybercrime epidemic.

“Scams have increased dramatically during the pandemic,” notes Martina. “Criminals took advantage of fear during the Covid pandemic. Having technology that works behind the scenes to try and protect consumers from financial crime has been essential. “

He helped Featurespace secure new customers this year, such as eftpos, the Australian debit card payment system, a major Irish financial services company, a major Nigerian payment and switching service provider, and several banks in Australia. United States and Europe.

“We have two different routes and customer bases – indirect, where companies white label our technology and have a fraud system enhanced by their own customers and data. A good example of this would be WorldPay or TESSIS, on the merchant and card issuers side. And then the banks use our systems directly to protect payments throughout the banking transaction process, ”explains Martina.

Cybercrime has increased during the pandemic
Cybercrime has increased during the pandemic

“The installation depends on the complexity of the customer. If it’s an organization with very modern technology, they can take our software and install it themselves and be up and running in a matter of days.

“Depending on the complexity of their data environment, this could take weeks, but if it’s a large company that wants our software to protect, for example, all of a bank’s payments, these installations could take months. “

Featurespace now employs 400 people, half of them in Cambridge, where it also has room for expansion in its new headquarters. It continues to recruit software engineers and data scientists, as well as support workers, project managers and others.

“We are bringing back our internship program and also reintroducing our graduate recruitment program,” notes Martina.

The company has just appointed British Army veteran Will Anderson as director of communications and marketing.

He is a former senior vice president of corporate and brand affairs at Careem, the ‘super app’ for the wider Middle East region, and a former partner of Brunswick Group, the global consulting firm. strategic communication.

“Will brings experience of managing a brand in a rapidly growing multinational technology company and his qualities of strategic thinking, rigorous planning, cultural empathy and thoughtful and creative execution will prove to be essential in helping us. to reach more customers around the world and to strengthen Featurespace’s reputation as a technology leader and a force for good, ”said Martina.

Featurespace technology detects fraud in real time
Featurespace technology detects fraud in real time

The company is firmly in favor of a wider education of the risks for consumers.

“Criminals feed off fear and make people react very quickly and prevent them from pausing and thinking,” says Martina. “We want to be at the forefront of helping our customers and consumers learn about the tactics criminals would use to cheat them out of their money.

“The more people are aware, the better they are protected. Today a lot of people are aware of this and if they see a certain type of email they delete it and do not respond at all. It is the easiest way to stop crime in many ways.

“But it’s really difficult, especially for banks, to make sure that their business customers as well as consumers are always alert to these types of criminal activity. This is why they spend so much time using technology to protect their customers and their own organization.

For the coming year, Martina says Featurespace’s primary goal is to “continue to delight our customers.”

“When we made the promise to our industry, we said we would always try to make sure we bring them the best technology to solve fraud and financial crime and we stay on track with our innovation and heritage at Cambridge. to keep doing it, ”she says.

“The other part of the promise was to make sure that we give exemplary service and that we are always by their side and that we understand their challenges.

“As we evolve, as long as we continue to do these two things to the best of our ability, Featurespace will continue to grow. “

Read more

Featurespace files two global patents for its fraud prevention technology

Nine Queen’s Awards 2021 for Cambridgeshire companies

Featurespace CEO follows £ 25million fundraising round with prize

Martina King, CEO of Featurespace, on her mission, growth and impact of AI



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BUSINESS LIVE: FTSE 100 up 1%; Tax hike fears as energy prices skyrocket https://atosvictimsgroup.co.uk/business-live-ftse-100-up-1-tax-hike-fears-as-energy-prices-skyrocket/ https://atosvictimsgroup.co.uk/business-live-ftse-100-up-1-tax-hike-fears-as-energy-prices-skyrocket/#respond Thu, 07 Oct 2021 14:56:11 +0000 https://atosvictimsgroup.co.uk/business-live-ftse-100-up-1-tax-hike-fears-as-energy-prices-skyrocket/ BUSINESS LIVE: the FTSE 100 climbs by 1%; Tax hike fears as energy prices skyrocket; NatWest faces a £ 240million fine for money laundering; CMA drops investigation into BA and Ryanair refunds By Mike Sheen for This Is Money Posted: 2:52 AM EDT, October 7, 2021 | Update: 10:56 a.m. EDT, October 7, 2021 Soaring […]]]>

BUSINESS LIVE: the FTSE 100 climbs by 1%; Tax hike fears as energy prices skyrocket; NatWest faces a £ 240million fine for money laundering; CMA drops investigation into BA and Ryanair refunds










Soaring gasoline prices and rising inflation threaten to dig a hole in Rishi Sunak’s budget plans, which could force the Chancellor to raise taxes.

The cost of UK gas for delivery in November rose 40% yesterday, after a sharp increase over the past month caused by a shortage of gas entering Europe and the UK.

Last night, industry bosses accused Boris Johnson of putting Britain on the path to skyrocketing inflation as the Prime Minister escalated his battle with business.

The companies have warned that labor shortages – which have triggered empty shelves and queues at gas stations – will cause prices to spike unless the government steps in.

Britain’s competition watchdog, the Markets and Competition Authority, said on Thursday that a “lack of clarity in the law” means it is unable to ensure that customers of British Airways and Ryanair, which were prevented from flying due to Covid-19 restrictions, can get a refund.

The CMA launched an investigation into the airlines in June, fearing they had broken the law by failing to offer refunds for flights customers could not legally take during lockdowns.

> If you are using our app or a third party service, click here to read

Problems ahead: Soaring gasoline prices and rising inflation threaten to blow a hole in Chancellor Rishi Sunak’s budget plans, which could force him to raise taxes

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KPMG launches KYC due diligence platform https://atosvictimsgroup.co.uk/kpmg-launches-kyc-due-diligence-platform/ https://atosvictimsgroup.co.uk/kpmg-launches-kyc-due-diligence-platform/#respond Thu, 07 Oct 2021 04:04:11 +0000 https://atosvictimsgroup.co.uk/kpmg-launches-kyc-due-diligence-platform/ The UK wing of KPMG has launched a new customer due diligence technology platform to help businesses cope with regulatory pressure and skyrocketing compliance costs. The Know Your Customer (KYC) guidelines in financial services require that professionals make every effort to verify the identity, suitability, and risks of maintaining a business relationship. However, the number […]]]>

The UK wing of KPMG has launched a new customer due diligence technology platform to help businesses cope with regulatory pressure and skyrocketing compliance costs.

The Know Your Customer (KYC) guidelines in financial services require that professionals make every effort to verify the identity, suitability, and risks of maintaining a business relationship. However, the number of contact points required to contact a customer makes KYC an extremely expensive process. The long process of compliance with the guidelines means that banks are investing huge amounts of capital in their KYC efforts. According to Thomson Reuters, some large financial institutions spend up to $ 500 million per year on KYC and due diligence, while 10% of the world’s largest financial institutions spend at least $ 100 million per year.

However, KPMG UK hopes to help clients navigate the KYC process faster and more efficiently. The Big Four Company has launched an innovative cloud-based platform – KPMG Smart Customer Due Diligence (CDD) – which optimizes CDD activities to help reduce costs and improve accuracy.

Richard Parsons, Director of KPMG Smart CDD, said: “We have combined our expertise in customer due diligence, technology and operational service delivery to create a data-driven CDD approach, providing certainty of costs through a ready-to-use solution that meets regulatory requirements and is preconfigured to industry standards.

Unlike other CDD solutions which only target specific sensitive points in the compliance process, the new solution uses third-party integration as standard, provides granular management information and a robust audit trail, with handoffs and escalations. clear. As a result, the toolkit can manage the entire CDD journey from end to end, improving efficiency and reducing headcount. Compared to other KYC technology companies, KPMG also brings financial crime experts and operational expertise to run the program for high quality results.

Simon Mansell, Head of CDD at KPMG UK Forensic, said: “With organizations recovering from the pandemic supported by growth and expansion, their exposure to risk will undoubtedly intensify as they seek to penetrate further. new markets. With increasing uncertainty and regulatory oversight in global economic markets, they need to know that all relevant customer information is correct. This innovative “out-of-the-box” CDD tool, combined with our operational excellence, gives us the unique ability to create and deliver high-quality service, giving customers peace of mind when they get back on their feet.

According to a statement from KPMG, the CCD system could help customers reduce the total cost of KYC compliance, generating potential cost reductions of up to 40%. At the same time, quality control and quality assurance are built into its intelligent workflow, leveraging a quality framework and deep expertise in financial crime, to also improve the effectiveness of KYC.

KPMG Forensic’s global network of over 3,000 experienced professionals utilize accounting, investigative, intelligence, technology, economics, and in-depth industry skills along with consistent global methodologies to help reduce reputational risk and trade losses, and to improve the obtained value of existing contracts. Its teams are located in the main developed markets such as the United Kingdom and the United States, as well as in the main emerging economies of Central and Eastern Europe, Russia, South America, Africa, the Middle East. East and Asia.


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Boris Johnson’s conference speech on vaccines, schools, crime and wages, verified by the facts https://atosvictimsgroup.co.uk/boris-johnsons-conference-speech-on-vaccines-schools-crime-and-wages-verified-by-the-facts/ https://atosvictimsgroup.co.uk/boris-johnsons-conference-speech-on-vaccines-schools-crime-and-wages-verified-by-the-facts/#respond Wed, 06 Oct 2021 16:11:00 +0000 https://atosvictimsgroup.co.uk/boris-johnsons-conference-speech-on-vaccines-schools-crime-and-wages-verified-by-the-facts/ The prime minister’s speech was littered with claims that raised questions about their factual accuracy, from vaccines to law and order. here I runs the rule on the veracity of some of Boris Johnson’s facts. Vaccines Claim: ‘It was capitalism that assured us of having a vaccine in less than a year,’ he said as […]]]>

The prime minister’s speech was littered with claims that raised questions about their factual accuracy, from vaccines to law and order.

here I runs the rule on the veracity of some of Boris Johnson’s facts.

Vaccines

Claim: ‘It was capitalism that assured us of having a vaccine in less than a year,’ he said as Mr Johnson reheated his criticism that Labor had kept the UK in the European Medicines Agency and “slowed down the deployment of the vaccine”.

Large pharmaceutical companies played a role in the development of the Oxford AstraZeneca inoculation, but research published this year by the university advocacy group Universities Allied for Essential Medicines UK claimed the vaccine was 97% funded by government and only 2% came from the private sector.

Technically, the UK could have started buying vaccines if it was still part of the European Medicines Agency, but in reality it would have stuck with the bloc’s multilateral approach to buying vaccines.

Verdict: Mr Johnson did not tell the whole story with his arguments, but there is a kernel of truth in each of his claims.

Schools

Claim: He said students at Islington schools “run races where no one really wins”, adding that the highly successful East London academy, Brampton Manor, is a school that “now sends more children to Oxbridge than to Eton” and “anyone can send their children to”.

It is unclear how far Mr Johnson is referring in regards to school sports, but all schools have fully competitive school sports days in England as part of the government’s own school sports plan, and since 2010 the Tories ensure that school sports are competitive.

While anyone can apply to send their children to school living in the area, its sixth form is very selective with 3,000 students applying for only 300 places.

Verdict: The Prime Minister could be accused of being a little liberal with the truth here.

criminality

Claim: “Crime has declined and not only, for that matter, because we have taken the precaution of locking up the public for a good part of the last 18 months.

According to data from the Office for National Statistics in March 2021, the pattern of crime has been significantly altered by the foreclosure measures, but overall crime has not declined.

There have been declines in the number of certain types of crime such as theft, gun offenses and knife crime, but this was offset by a 36% increase in fraud and cybercrime.

There has been a long-term downward trend in crime since the 1990s despite a significant increase in fraud and computer misuse.

The rate of decline has slowed over the past decade, and some offenses – like knife-related crime – have increased in the years leading up to the pandemic.

Verdict: Overall crime levels have not declined over the past year, but the long-term downward trend in crime has continued, albeit at a slower pace.

Wages

Claim: “After years of stagnation – more than a decade – wages are increasing faster than before the start of the pandemic […] with the fastest growing wages for those with the lowest incomes.

Real wages fell for five years after the 2008 financial crash and followed a general upward trend for the next five years – so there has been little improvement over the past decade.

The most recent data from the ONS shows that the annual growth in average weekly earnings in the UK has peaked in 20 years this year.

But those numbers have been distorted and inflated due to the instability caused by the pandemic as people return to work after their leave.

The Bank of England estimates underlying wage growth at 3.3%, which is well below the official figure of 7.2% and likely below inflation by the end of the year .

Verdict: Wages have gone down and then increased over the past decade – this included a gradual increase in low-wage wages that began years before Mr Johnson became Prime Minister.


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Latest updates: New Zealand joins Norway, South Korea in raising rates https://atosvictimsgroup.co.uk/latest-updates-new-zealand-joins-norway-south-korea-in-raising-rates/ https://atosvictimsgroup.co.uk/latest-updates-new-zealand-joins-norway-south-korea-in-raising-rates/#respond Wed, 06 Oct 2021 02:19:08 +0000 https://atosvictimsgroup.co.uk/latest-updates-new-zealand-joins-norway-south-korea-in-raising-rates/ Fraudulent claims detected by UK insurers fell by a tenth last year, a drop attributed by the industry to the ripple effects of business closures and driver lockdowns during pandemic restrictions. General insurers identified 96,000 fraudulent claims in 2020, the lowest number since 2007, according to the latest data from the Association of British Insurers. […]]]>

Fraudulent claims detected by UK insurers fell by a tenth last year, a drop attributed by the industry to the ripple effects of business closures and driver lockdowns during pandemic restrictions.

General insurers identified 96,000 fraudulent claims in 2020, the lowest number since 2007, according to the latest data from the Association of British Insurers. Government schemes have also helped bring the numbers under control by easing financial hardship, which contributes to such attempts, said Mark Allen, head of fraud and financial crime at ABI.

The automobile, the largest segment, saw a 6% drop in fraudulent claims, which the trade body blamed on the reduced number of vehicles on the roads. The drop followed an overall drop in claims during the pandemic that boosted profits for auto insurers.

Fraudulent travel claims have also declined in the wake of the pandemic, although the ABI has reported a few colorful attempts, including one claimant who, when challenged, “tried to eat [the] falsified documents ”. False liability claims have also declined, as businesses have been forced to close their doors during shutdowns.

Ben Fletcher, director of the Insurance Fraud Bureau, a credited nonprofit collaboration within the industry to prevent insurance fraud “from increasing as much as expected” during the pandemic.

The level of detected complaints as a proportion of overall complaints increased slightly, the ABI added, while average fraud increased in value by 6% to £ 12,000.


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How police are being vetted amid concerns over how Sarah Everard’s killer became a Met officer https://atosvictimsgroup.co.uk/how-police-are-being-vetted-amid-concerns-over-how-sarah-everards-killer-became-a-met-officer/ https://atosvictimsgroup.co.uk/how-police-are-being-vetted-amid-concerns-over-how-sarah-everards-killer-became-a-met-officer/#respond Tue, 05 Oct 2021 14:16:00 +0000 https://atosvictimsgroup.co.uk/how-police-are-being-vetted-amid-concerns-over-how-sarah-everards-killer-became-a-met-officer/ Advice on checking police recruits will be considered after a serving Metropolitan Police officer is sentenced to life in prison for the murder of Sarah Everard, the College of Policing said. The organization, which sets standards and police training, said I it would be to “review the support we provide to police services” after sentencing, […]]]>

Advice on checking police recruits will be considered after a serving Metropolitan Police officer is sentenced to life in prison for the murder of Sarah Everard, the College of Policing said.

The organization, which sets standards and police training, said I it would be to “review the support we provide to police services” after sentencing, as it would for other “significant cases”.

Marcus Griffiths, Ethics Officer at the organization, said: “The College of Policing’s authorized professional practice in auditing was updated earlier this year and is regularly reviewed by a national task force. to identify any emerging or developing best practice case law and revisions can be made when and where needed.

It comes after Home Secretary Priti Patel announced a full independent investigation into Wayne Couzens, while the Metropolitan Police Service announced a review of their standards and culture.

The Minister of State at the Home Office and Justice Department Kit Malthouse admitted to I that the verification process needs to improve as the Met didn’t start reviewing agents’ social media accounts until early this year.

A senior officer admitted that Couzens, who used his police status to kidnap Ms Everard in a false arrest, had not been properly vetted.

What checks are carried out on those who wish to become police officers?

Anyone can apply for the police officer position. However, applicants will automatically be rejected if they have been in prison (or have been given a suspended or suspended sentence) or if they have committed serious offenses involving “serious violence, dishonesty, corruption. , fraud, serious drug offenses and child abuse ”.

Like other jobs, applicants will usually pass interviews and assessment centers. If they succeed in these steps, then they will be “controlled” by the force they hope to join.

What is control?

Verification is a way of verifying that a candidate is a suitable candidate for the role of police officer. For example, this means checking that they have no criminal convictions or links to extremist groups.

The College of Policing said verification was a “key element in assessing the integrity of an individual”.

A senior officer admitted that Couzens, who used his police status to kidnap Ms Everard in a false arrest, had not been properly vetted (Photo: PA)

“This helps reassure the public that appropriate checks are being made on people in a position of trust. The check also identifies areas of vulnerability that could undermine public confidence in a force or the police service at large. “

Recruits are screened in a variety of ways, from identity verification to social media checks.

Read more

Sarah Everard: All the warning signs that were missed before Wayne Couzens carried out brutal rapes and murders

What does vetting involve?

Officers go through standard identity, nationality and residence checks, as in most other jobs. They must be eligible to work in the UK and have lived in the country for at least three years.

Fight against terrorism and crime

The contact details of the applicant, his partner and all family members aged 10 and over, his friends and those he lives with will be recorded in the police and counterterrorism databases. .

Special inquiries from the General Directorate and the Counter Terrorism Directorate are carried out regarding the applicant, his partner, his family, associates and co-residents regarding “domestic extremism and anti-terrorism information” .

The person’s details, along with their partner, parents, roommates and other close family members, should also be checked against historical investigative files and “suspect and accused files.” “.

They will also be required to hand over DNA samples and fingerprints, but these will be destroyed once the verification process is complete.

Use of social networks

Authorities will also search for the individual on Google and examine their social media profiles. However, as Mr. Malthouse admitted I, social media checks only started at the start of the year.

The College of Policing said forces should check the social media of potential recruits “for the purpose of reassuring the reputation of the service” and to “ensure that the candidate’s online behavior is consistent with the code of ethics. or standards of professional behavior ”.

When reviewing online profiles, supervisors will verify that the individual uses social media “responsibly and safely”.

They must not have posted anything online that could be considered discrimination, harassment or intimidation, or anything that could damage their reputation or that of the police.

Finance and residence

The applicant’s voters’ file will be reviewed and they will undergo a credit reference check, and their home address and any other residence within the past five years will be searched on intelligence bases.

Some financial issues are enough for the candidate to be rejected, although the Police College will not say which one, while others will be addressed through “follow-up” within the force.

Medical checks and mental health

Medical information revealed during the verification process, including mental health, must be turned over to the Force Medical Officer or the Occupational Health Team “for a full professional assessment”. These health organizations will then decide whether the person is “medically fit” for the role.

For those who are more experienced than standard police officers, the checks are tighter and also look at any business interests that person might have, their reaction to the pressure of alcohol or gambling, and the ratings of their supervisors.

However, these are not checked for standard police officers.

Read more

Priti Patel announces investigation into “systematic” police misconduct following murder of Sarah Everard

Who performs the vetting?

The control of new officers is carried out by the forces themselves, although controls are in place for those who carry out the control.

Marcus Griffiths said the decision to conduct monitoring investigations within the forces was to “ensure that the high and consistent standards set by the College are applied across England and Wales”.

How often does the check take place?

The officer is primarily controlled when he requests to join the force, usually after being questioned and passed through an assessment center.

They are also checked if they move between the forces more than 12 months after their last check.

All police officers must report any “change in circumstances” to the supervisory authorities as soon as possible.

This includes marriage, change of name or address, changes in life circumstances, or any “material” change in their financial situation, such as adhering to a debt management plan.

Officers should also notify authorities if they become the subject or person of interest in a criminal case.

Mr Griffiths said: “Because an individual’s circumstances can change, it is important that their ability to maintain their clearance to check is assessed.”

“Everyone who goes through the verification process should report any changes in their personal circumstances and, in addition, those who hold a verification should be subject to regular reviews (the exact frequency of these reviews depends on the clearance level, but it may be annual). “

Read more

Police meet with Minister of Crime Kit Malthouse who is “not fit for the 21st century”

Driving forces

Wayne Couzens was linked with allegations of indecent exposure as early as 2015 – three years before joining the Met – raising questions about how he managed to get through cross-force control.

The College of Policing said the forces must ensure that “the integrity of the person wishing to be transferred to the force (or reinstated) is out of the question” and that there are “no outstanding complaints or no question currently under investigation “.

When the police officer has been checked within the last twelve months, the clearance is maintained. If this has lasted longer, they need to be fully checked again.

Whatever happens, the new force must receive the officer’s full history of complaints and misconduct from all the forces in which he served.

The new force will also examine a number of factors regarding their new recruit, including “performance, illness, complaints, business interests, notifiable associations and corruption intelligence.”


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UK Open Bank Platform Crezco raises $ 4 million https://atosvictimsgroup.co.uk/uk-open-bank-platform-crezco-raises-4-million/ https://atosvictimsgroup.co.uk/uk-open-bank-platform-crezco-raises-4-million/#respond Mon, 04 Oct 2021 18:36:42 +0000 https://atosvictimsgroup.co.uk/uk-open-bank-platform-crezco-raises-4-million/ London-based FinTech Crezco announced on Monday (October 4) that it had raised £ 3million (or $ 4million) in seed funding. According to FinTech and Finance News, the company will use the funding to fuel its international expansion and expand its product line. Founded in 2020, Crezco promotes itself as the “UK’s first open banking payment […]]]>

London-based FinTech Crezco announced on Monday (October 4) that it had raised £ 3million (or $ 4million) in seed funding.

According to FinTech and Finance News, the company will use the funding to fuel its international expansion and expand its product line.

Founded in 2020, Crezco promotes itself as the “UK’s first open banking payment solution designed to make B2B bill payments as convenient as B2C card payments”, minus the costs imposed by major credit card companies .

The company has partnered with brands such as Xero, QuickBooks and other platforms in the B2B space to help millions of small and medium-sized businesses (SMEs) in Europe and the UK with bill payments.

Crezco was founded last year by Ralph Rogge and Igor Pikovsky of the Rogge Global Partners bond fund.

“We are delighted to announce our £ 3million start-up fundraiser with the support of well-respected names in the FinTech space,” said Rogge. “Compared to typical software companies, FinTech has not historically evolved at zero marginal cost. Open banking solves this paradox. We provide free online payment solution in the same way as WhatsApp provides free online messaging to replace cellular SMS messages. Simply, we take advantage of open banking to increase convenience and reduce costs. “

Crezco backers include Charles Delingpole, Founder and CEO of Comply Advantage Financial Crime Tool, as well as Chris Adelsbach, FinTech Investor and Managing Partner at Outrun Ventures.

The company also secured investments from UFP Fintech, which was an early investor in Revolut, as well as angel investors, venture capital funds and payments specialists.

Crezco’s announcement follows a few recent fundraisers in the B2B payments arena. As reported last week, London and Nigeria-based VertoFX raised $ 10 million in Series A funds to help expand the list of currencies on its platform.

Read more: B2B Verto payment platform raises $ 10 million

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NEW PYMNTS DATA: TODAY’S SELF-SERVICE PURCHASE JOURNEY – SEPTEMBER 2021

On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.


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Hands Off Lodore Clone, Says TONY HETHERINGTON https://atosvictimsgroup.co.uk/hands-off-lodore-clone-says-tony-hetherington/ https://atosvictimsgroup.co.uk/hands-off-lodore-clone-says-tony-hetherington/#respond Sat, 02 Oct 2021 22:28:22 +0000 https://atosvictimsgroup.co.uk/hands-off-lodore-clone-says-tony-hetherington/ Forger who helped hide the proceeds of a multi-million pound investment scam has been sentenced to 28 months in prison, though no prosecution has been brought against those the Financial Conduct Authority has named as being involved in the scam itself. Stephen Allen has pleaded guilty to falsifying an act that concealed beneficial ownership of […]]]>

Forger who helped hide the proceeds of a multi-million pound investment scam has been sentenced to 28 months in prison, though no prosecution has been brought against those the Financial Conduct Authority has named as being involved in the scam itself.

Stephen Allen has pleaded guilty to falsifying an act that concealed beneficial ownership of a stake in a London property.

The real owner was Renwick Haddow, one of seven people identified by the FCA as being behind a series of unauthorized investment programs operating under the title African Land or Agri Capital.

I warned in 2010 that Agri Capital’s plan to invest in rice fields, with the promise of 50% capital gains in the first year, was both illegal and backed by bogus guarantees. Three years later, in 2013, the FCA took legal action to freeze the program and recover money from investors.

One of the ringleaders, Robert McKendrick, attempted to embezzle funds on his wife’s behalf and in 2019 he was jailed for contempt of court. Now Stephen Allen has followed him, for hiding Renwick Haddow’s ownership of a London property worth over £ 1million. Mark Steward, FCA Chief Enforcement Officer, said: “This is a serious facilitation offense. The FCA will prosecute those who facilitate financial crime as well as major offenders.

However, the FCA itself named the main perpetrators of the Agri Capital scam like Marcia Hargus, Richard Henstock, Alan Meadowcroft, Mark Ayres, Mark Gibbs and of course Haddow and McKendrick – but none of them did. was continued.

The only lawsuits were brought against the two men involved in the concealment of ill-gotten property.

An FCA spokesperson explained that prosecuting people who lead unauthorized investment scams “can turn into a very technical case.” He added that the watchdog had “prioritized actions that could help victims recover money.”

The defendants were ordered to return £ 18.7million for the benefit of their victims. So far the FCA has received just £ 580,000, leaving over £ 18million without news and not a single criminal conviction. Who says crime doesn’t pay off! And when will MPs realize that the CFA is just not up to the task?


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NatWest Bank boss tells crypto users to give up hope https://atosvictimsgroup.co.uk/natwest-bank-boss-tells-crypto-users-to-give-up-hope/ https://atosvictimsgroup.co.uk/natwest-bank-boss-tells-crypto-users-to-give-up-hope/#respond Fri, 01 Oct 2021 20:05:00 +0000 https://atosvictimsgroup.co.uk/natwest-bank-boss-tells-crypto-users-to-give-up-hope/ Economist and NatWest Group chairman Sir Howard Davies said he was “very hostile” to crypto. So much so that he supports China’s recent crackdown, saying the UK should follow suit. Beijing last month reiterated its calls that cryptocurrencies are being used for illegal financial activities. In coordinated multi-agency action, they seek to shut down all […]]]>
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Economist and NatWest Group chairman Sir Howard Davies said he was “very hostile” to crypto. So much so that he supports China’s recent crackdown, saying the UK should follow suit.

Beijing last month reiterated its calls that cryptocurrencies are being used for illegal financial activities. In coordinated multi-agency action, they seek to shut down all crypto activity within their jurisdiction.

However, banks are never far from engaging in illegal financial activities themselves. A glance at NatWest’s recent history shows that it is far from perfectly clean.

Here is the crypto FUD

Davies did not hold back his thoughts on digital assets when speaking with Andrew Hilton, director of the Center for the Study of Financial Innovation (CSFI),

Asked about the growing number of Britons who now own crypto, Davies expressed his disapproval saying “this is quite worrying.”

Moreover, even though he has said he does not agree with Beijing on everything, he supports their new crackdown on cryptocurrency and mining activity. Adding that the UK should stop “beating around the bush” and adopt similar rules.

“Let’s just ban that damn stuff.” Why beat around the bush here.

On his reasoning for thinking so, Davies said cryptocurrencies are a source of fraud and financial crime. He also said that the extreme volatility makes them useless as a safe haven.

Davies also saw fit to take environmental concerns into account, calling the energy use of the proof-of-work grids a green catastrophe.

He concluded by saying that investing in crypto is a gamble and those who invest should “give up hope”.

“As far as I know, it’s a game, with a kind of libertarian varnish on top. You should put a big sign on the door saying: Give up hope to all who enter into it.

NatWest is charged with money laundering

The UK’s Financial Conduct Authority (FCA) launched criminal proceedings against NatWest in March.

A statement from the financial watchdog said the bank was under investigation for breaches of the 2007 money laundering regulations. They allege that NatWest failed to comply with the regulations over a period of almost five years, from November 11, 2011 to October 19, 2016.

“These regulations require the company to identify, conduct and demonstrate risk-sensitive due diligence and ongoing monitoring of its relationships with its customers with the goal of preventing money laundering.”

The FCA says a total of £ 365million ($ 494million at today’s rate) has been paid into customers’ accounts without proper checks on where the money is coming from.

NatWest responded by saying that it takes money laundering prevention very seriously and is cooperating with the regulator.

Still, for Davies, denouncing crypto on crime smacks of hypocrisy.

A d: Margin up to 20x on FTX.

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