Ticket touts are now banned from using automated software to buy more tickets for events than they are allowed, only to then sell them on at inflated prices. New legislation enforced by the Government means that anyone caught breaking the law will face an unlimited fine.…
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National Trading Standards
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Banking Protocol’s introduction prevents £25 million in fraud and leads to 197 arrests
by Brian SimsFigures published by UK Finance have revealed that £24.7 million of fraud has been prevented and 197 arrests made thanks to the introduction of the Banking Protocol, a ground-breaking scheme aimed at identifying and protecting potential fraud victims when they visit a bank or building…
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New legislation will ban ticket touts from using automated software such that they can evade security measures and snap up more tickets than allowed by event organisers only to sell them on at hugely inflated prices. A new criminal offence – to be brought forward…
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BSI launches Code of Practice to protect vulnerable customers from fraud and financial abuse
by Brian SimsBusiness standards company the British Standards Institution (BSI) has launched a new Code of Practice that gives recommendations to organisations for protecting vulnerable customers from financial harm that might occur as a result of fraud or financial abuse. Sponsored by NatWest, PAS 17271: Protecting Customers from…
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According to official figures just released by Financial Fraud Action UK (FFA UK), more than one million incidents of financial fraud occurred in the first six months of 2016. This represents a 53% increase compared to the same period last year, meaning that an incident occurred in the UK…