Category: Fraud

Regulatory Watch News

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  Update to UK Sanctions List: ISIL (Da’esh) and Al-Qaida Regime, Global Human Rights Regime and Russia Regime

  UK Government

  September 10, 2026

  Today, 10 September, the UK Government varied the designation of one entity sanctioned under the Russia regime. Furthermore, one designation under the ISIL (Da'esh) and Al Qaeda sanctions regime and one designation under the Global Human Rights sanctions regime have been corrected. Individuals corrected:

  Name:	Unique ID:
  Abubakar SWALLEH	AQD0388
  Avichai SUISSA	GHR0202

  Entities varied:

  Name:	Unique ID:
  JSC SOLID BANK	RUS3077

   

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  Two more admit General Election betting offences

  Gambling Commisiion

  September 10, 2026

  Today, 10 September, Anthony Lee pleaded guilty to two offences of cheating, contrary to section 42(1)(a) and section 42(1)(b) of the Gambling Act 2005.

  Laura Lee (formerly Saunders) pleaded guilty to one offence of cheating, contrary to section 42(1)(a) of the Gambling Act 2005. The 2024 General Election date of 4 July 2024 was announced to the public by then-Prime Minister Rishi Sunak on 22 May 2024. In advance of this announcement there was significant planning for a 4 July 2024 General Election. Planning happened at 10 Downing Street and amongst staff at Conservative Campaign Headquarters. Before the date of the General Election was announced, various gambling operators offered special markets in the lead up to the election announcement as to when the General Election would be held.

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  Man pleads guilty to fraud and forgery offences relating to fake takeover approach

  Financial Conduct Authority

  September 10, 2026

  Christopher Woolcott has pleaded guilty to 4 counts of fraud and forgery after creating a fake takeover bid for Touchstone Exploration Inc.

  Mr Woolcott held shares in Touchstone Exploration Inc and stood to benefit financially from any upward movement in the share price had the fake takeover bid been announced to the market. Mr Woolcott admitted creating a fictitious takeover approach for Touchstone Exploration Inc using multiple false identities and forged documents, in an attempt to lend credibility to the approach.