At The Introducing Broker Finance Hub Ltd, we take our role as an intermediary seriously, recognising our responsibility in the fight against financial crime. We adhere to Anti-Money Laundering (AML) regulations and actively work to prevent and detect financial crimes.

The financial products we introduce, such as those related to R&D tax credits, Stamp Duty Rebates, Energy Broking Rebates, and Capital Allowances, are structured in a way that minimises their attractiveness to money launderers or terrorist financiers. These products are designed with features that do not provide any significant benefits to those engaged in financial crimes, thus posing a very low risk for money laundering.

Understanding Financial Crime

The term “financial crime” encompasses a wide range of illegal activities, including insider trading, money laundering, terrorist financing, fraud, bribery, corruption, tax evasion, and market abuse. The primary motive behind these crimes is financial gain.

The estimated cost of serious and organised financial crime in the UK is a staggering £190 billion, primarily driven by fraud, according to The Annual Fraud Indicator. The impact of such crimes is felt across individuals, businesses, and organisations alike.

Our Approach to Preventing Financial Crime

At The Introducing Broker Finance Hub Ltd, we remain vigilant and proactive in our efforts to prevent financial crime. We ensure that our clients genuinely need the products we introduce, verify insurable interests for joint applicants or when covering another life, and utilise stringent source-of-funds identification processes.

Our team is also committed to safeguarding the data we handle, preventing unauthorised access or fraudulent use. This is achieved through strict adherence to our Data Protection policy, employing robust systems and software to shield against cyber threats, and encouraging our staff to report any suspicious activity.

Could Financial Crime Affect You?

Financial crime can impact anyone, especially with the increasing reliance on digital transactions and the evolving tactics used by criminals. Falling victim to such crimes can severely undermine an individual’s confidence in managing their financial affairs. To protect yourself, it’s important to be aware of common scams, including:

• Investment Fraud: Fraudsters may pose as legitimate salespeople, offering investments in shares, land, gold, carbon credits, or wine. They often impersonate real companies or employees using publicly available information.
• Pension Scams: These typically involve unsolicited offers to help you access your pension early or invest it in unregulated schemes.
• Remote Access Scams: Fraudsters convince victims to grant them control of their computers, allowing them to operate from anywhere in the world.
• Money Mules: Criminals transfer stolen funds into the accounts of unsuspecting individuals, who then send the money overseas.
• Online Shopping Scams: Scammers create fake websites or pose as sellers, convincing victims to make direct payments without delivering the promised goods.
• Vishing: This tactic involves fraudsters using phone calls to obtain personal and financial information from unsuspecting victims.

For more advice on protecting yourself from financial crime, to learn more about the various types of fraud, or to seek help if you think you’ve been targeted, please visit Action Fraud.