The FCA may slow down payments by electronic transfer to help combat rising fraud and financial crime.

The average cost of an insurance scam has risen 20% to nearly £15,000 in the past year, according to new figures published by the Association of British Insurers today.

The FCA has launched criminal proceedings against Daniel Pugh over a £1.3m unauthorised investment scheme.

Two fraudsters involved in a £17.9m scam which saw the FCA Register cheated to convince investors they were legitimate have been sentenced to a combined eight years in prison.