Anti-Financial Crime & Financial Crime Compliance
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Financial Crime, Fraud, UK

NEWS: Scammers steal £47M from UK tax office HMRC

Premium June 9, 2025

A pedestrian walks past the headquarters of Her Majesty's Revenue and Customs (HMRC) in central London February 13, 2015. REUTERS/Stefan Wermuth

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ANALYSIS: FATF’s 5 new reforms – including making originator, beneficiary data more transparent in cross-border payments over $1,000.

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CONFIRMED: FATF adds British Virgin Islands, Bolivia to AML ‘grey list’

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NEWS: VAT fraud among EU crime-fighting priorities for next 4 years

By Sachin Ravikumar

ORGANIZED criminals stole £47 million ($64 million) from the UK’s tax office last year by using phishing tactics to access more than 100,000 customer accounts and falsely claim payments from the government.

A notice posted by His Majesty’s Revenue and Customs (HMRC) on the government website disclosed the unauthorized access and said no customers had suffered financial loss.

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Premium

ANALYSIS: FATF’s 5 new reforms – including making originator, beneficiary data more transparent in cross-border payments over $1,000.

 Premium

CONFIRMED: FATF adds British Virgin Islands, Bolivia to AML ‘grey list’

 Premium

NEWS: VAT fraud among EU crime-fighting priorities for next 4 years

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