Special Reports – Page 9 – Bounce Back Loan

The UK Financial Intelligence Unit Shares Insights on Suspicious Activity Reports and Efforts to Combat Organised Crime Groups Involved in Fraud Within the Bounce Back Loan Scheme and Covid Business Grant Schemes

The UK Financial Intelligence Unit reveals how suspicious activity reports help tackle organized crime in Bounce Back Loan and Covid grant fraud. […]

MP Siobhain McDonagh Questions Bank CEOs on Bounce Back Loan Defaults and Fraud, Barclays Chief Claims High Non-Repayment Was Part of Scheme’s Design

Siobhain McDonagh MP confronts top bank CEOs over billions in unpaid Bounce Back Loans, exposing fraud and defaults. Barclays’ boss defends the losses, claiming they were built into the scheme’s structure. […]

Metro Bank Customer Claims Bank Failed to Process Cheques for Bounce Back Loan Payments While Abroad, Leading to Default, Ombudsman Rejects Complaint

A Metro Bank customer’s company was defaulted on its Bounce Back Loan after the bank failed to process repayment cheques sent from abroad. The Ombudsman sides with the bank, dismissing the complaint. […]

Only 6 of 41,500 Northern Ireland Bounce Back Loan Recipients Disqualified for Scheme Misconduct

In Northern Ireland, only six out of 41,500 Bounce Back Loan recipients have faced disqualification for misuse, highlighting the scale of the scheme and its enforcement challenges. […]

HMRC Alerts Business Owners, Including Bounce Back Loan Borrowers, About New Tax Compliance Inspections Involving Door-to-Door Visits

HMRC warns Bounce Back Loan borrowers and other business owners of upcoming door-to-door tax compliance checks, signalling increased scrutiny on financial records. […]

British Business Bank Chief Discusses Government’s Challenge in Chasing Bounce Back Loan Turnover Inflators, as Most SMEs Repay and Perform Well

The British Business Bank’s leader reveals the government’s struggle: should they chase SMEs that inflated turnover for Bounce Back Loans, when most are repaying successfully? […]

Investigation Results on Greensill Group Directors: Story of Questionable Government-Backed Loans and David Cameron’s Involvement

The investigation into Greensill Group’s collapse uncovers shady government-backed loans and David Cameron’s controversial role, exposing financial misconduct. […]

HM Treasury Addresses Safety of Personal Assets and Sole Trader Continuity After Defaulting on a Bounce Back Loan

HM Treasury clarifies whether personal assets are at risk and if sole traders can keep trading after defaulting on a Bounce Back Loan in this exclusive response. […]

Coutts Customer Grievance Over Denied PAYG Options for Bounce Back Loan Rejected by Ombudsman, Who Notes £350 Compensation Awarded

A Coutts customer’s complaint about denied PAYG options for their Bounce Back Loan is dismissed by the Ombudsman, despite the bank offering £350 in compensation. […]

Overview of the “Growth Guarantee Scheme,” the Third Version of the Recovery Loan Scheme Which In Turn Replaced the BBL Scheme

The new “Growth Guarantee Scheme,” the third phase of the Recovery Loan Scheme, is unveiled in the budget, offering fresh support for businesses. […]