Even the most conservative estimates now suggest over one million people are using loan sharks in the UK. We were joined by the Illegal Money Lending Unit to learn more about the changing nature of this crime and the new ways criminals are exploiting their victims. We discussed how we can play our part in tackling this issue.

In a world of rapidly changing technology, the value and security of data, particularly customer data, is becoming increasingly important. However, at the same it is also getting more complicated and confusing. We discussed how best to protect your firm from possible breeches and attacks, as well as steps you can put in place to increase security.

Fraud can take many forms, and affect both consumers and firms alike. A number of industry stakeholders, including the FCA, work together to reduce financial crime and protect consumers. We talked about some of basic steps to manage the risk of fraud and the role the sector can play in educating consumers.

All financial firms need to be alert to the threat of money laundering, particularly how to detect and prevent criminals from using these means to legitimise the proceeds of crime. In this session we covered the Know Your Customer process and appropriate reporting mechanisms to combat risk.