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Related Special Reports
...Indonesia’s promise to take the dispute to court comes just months before a key meeting of the United Nations Convention on Corruption, where the question of compensation for victim states is due to be hotly...
...According to people with knowledge of the discussions, it was delayed in part by wrangling over proposals to force tech companies to pay compensation to online fraud victims....
...Access to large sums of money and sensitive data makes high-net-worth individuals ideal victims for cyber crime, warns Annabelle Bryde, head of UK private bank wealth management & crown dependencies at Barclays...
...BetterMed’s website says the company offers “the world’s lowest interest rate: 0% for 30 years”, as well as a “100% approval program for select applicants”....
...It would require any sub-postmaster to sign a legal statement “vowing they did not commit the crime for which they were originally convicted” before receiving financial compensation....
...The PSR says a bank may consider whether a consumer had not been reasonably careful and “grossly negligent” when it was deciding whether to provide compensation....
...“The banking and financial services industry is the only sector that reimburses victims of fraud” said UK Finance economic crime director Ben Donaldson....
...Victims included “retired people who had invested their life’s savings” as well as “disabled people and incapacitated people who had no prospect of earning ever again”, the court was told....
...Instead, victims and those close to them tend to find out from rumours, or when they suddenly stop receiving the small sums of compensation money that the convicts are ordered to send them from prison by...
...In many ways, my experience lines up with the perception of NDAs in the public consciousness: a larger-than-life antagonist in the form of Weinstein, whose crimes were sexual in nature and whose victims...
...No consumer wants to fall victim to a scammer....
...Shirking responsibility, years ago, served neither victims nor taxpayers. When inquires do spend money, it is usually not on victims....
...Neither individual has been charged with a crime to date....
...Unauthorised firms are not covered by the Financial Ombudsman Service or Financial Services Compensation Scheme, meaning there is little recourse if someone falls victim to this type of scam....
...compensation....
...Proposals to force tech companies to pay compensation to victims of online financial scams, for example, have been dropped in favour of a voluntary “online fraud charter”, which the government said it would...
...Such schemes are illegal and the funds are not insured by the Financial Services Compensation Scheme, leaving investors open to loss....
...The move by UK Finance is a renewed push by the industry to convince ministers to force the tech giants to take more responsibility for the increase in financial crime....
...JPMorgan has strenuously denied any responsibility for Epstein’s crimes....
...“It is a crime.”...
...Media reports at the weekend suggested that she planned to review compensation the state pays to families who lost relatives to state violence....
...Plaintiffs were also able to circumnavigate the statute of limitations for negligence claims under a New York law that has temporarily allowed victims of sex crimes to revive time-barred claims....
...“On the Horizon Post Office scandal, we have been clear that compensation should be delivered to victims swiftly....
...Abbott said there were routes to compensation for most types of fraud via banks and the Financial Services Compensation Scheme....
...Currently a number of lenders are part of a voluntary scheme offering compensation, with TSB having pledged in 2019 to refund any of its 5mn-plus customers who have been victims of online fraud....
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