The UK Financial Conduct Authority and the Financial Ombudsman Service have launched CP26/9, “Modernising the Redress System”, presenting it as a package designed to improve predictability, transparency and early intervention in consumer redress. The FCA says the aim is to create a smoother system for consumers while giving firms greater
Fraud does not operate on lies alone. It operates on accounts. On payment rails. On internal transfers. On outgoing wires. On institutions willing to keep the machinery running long after the warning signs should have triggered harder questions. That is why the newly filed U.S. class action against JPMorgan Chase
Asset recovery in Europe remains deeply dysfunctional. From a victim perspective, the system still too often fails at the most basic level: returning frozen money within a reasonable time. At EFRI, we have seen this repeatedly. In the P2P GmbH case, prosecuted in Cologne, approximately €1.8 million was frozen in
