Financial fraud spike reveals 'cracks in the structure' of UK regulation

clock • 2 min read

The number of reported financial investment-related fraud cases grew by 74% in 2018, driven by complaints about unregulated "shadow savings market" and cryptocurrency investments, revealing "cracks in the structure" of the UK's regulatory regime, according to law firm Pinsent Masons. Research from the firm shows that the number of such cases grew to 6,890 to 31 December 2018, up from 3,950 in previous year, with retail investors plagued by the sale of unregulated products and other fraudulent activity. Of the 6,890 cases last year, the most commonly reported were related to share an...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login