Financial Services Financial Services

Virgin Money set to boost UK financial crime spending amid growing fraud

By Martin Coyle
  • 23 Nov 2023 14:19
  • 23 Nov 2023 14:19
Virgin Money will spend 130 million pounds (around $160 million) over the next three years to boost its financial crime defenses and anti-cybercrime capabilities, the UK lender said today.
In an earnings announcement published today, Virgin Money said it would invest 40 million pounds in financial crime prevention next year as

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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