Are UK Firms Sleepwalking into Fraud Failure? Reports Reveal Lax Due Diligence and Compliance Issues
The Fintech Times
JULY 25, 2025
New research has revealed that almost one in four financial services firms are in direct violation of ECCTA regulations, leaving them seriously vulnerable to the new ‘failure to prevent fraud’ offence, while nearly a third of firms are failing to do their due diligence with clients.
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