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PRECEDENTS
Dear [Applicant], Your UK Expansion Worker visa I am pleased to confirm that your Global Business Mobility—UK Expansion Worker visa has been approved. [The visas for your dependent family members have also been approved]. Initial entry and your eVisa You [and your dependants] have been granted immigration permission valid from [Start date] to [End date]. The Home Office has issued a visa for you [and your dependants] in digital format (also known as an ‘eVisa’). This means that you [and your dependants] will not receive an endorsement in your passport[s] or a physical document confirming your grant of permission. [Your permission is linked to your biometric passport which was used in your visa application. Please use the same passport to enter the UK.] [Before you travel to the UK, you will [each] need to create a UKVI account, in order to access your eVisa and link your passport. To do this, you should go to the Home Office’s Access and use your online immigration status page on GOV.UK. You will need your current valid passport and the Global Web
GLOSSARY
The trading name of the UK’s official Export Credit Agency, the Export Credits Guarantee Department.
PRACTICE NOTES
The Export Credits Guarantee Department (ECGD) is the UK's official export credit agency and a government department, working alongside the Department for Business, Innovation, Science and Trade. It operates under the name UK Export Finance (UKEF). UKEF provides support to UK exporters through guarantees, insurance, direct lending and impartial guidance. It is an important source of support both in times of financial stability and financial crisis. For more information on export credit agencies in general, see Practice Note: Export Credit Agencies and export credit support. Purpose of UKEF UKEF's purpose is to promote UK exports by preserving the competitiveness of UK exporters against overseas exporters which benefit from the support of their own export credit agency. This, in turn, protects UK employment and the UK economy. UKEF's purpose is not to compete with the commercial market but to complement it. It’s aim is to ensure that no viable UK export fails for lack of finance or insurance. A large proportion of UKEF's support consists of providing guarantees to banks in relation to long-term loans which
NEWS
UK Export Finance (UKEF) has signed a Memorandum of Understanding (MoU) with Indonesia Eximbank with the aim of fostering collaboration and joint financing for international projects. This partnership aims to create new business opportunities for Indonesian exporters, particularly in sectors like clean energy and healthcare, and builds on UKEF's previous support made available to organisations in Indonesia. With over £3bn available for projects using UK goods and services, this agreement reinforces the commitment to sustainable trade and economic growth in Indonesia.
NEWS
Law360, London: the UK controls foreign direct investment (FDI) on national security and public interest grounds under the regime contained in the National Security and Investment Act 2021 (NSI Act).
NEWS
UK Finance has announced that Said Hussain, who was a member of staff at a bank in East Ham, London, has been sentenced to five years and six months’ imprisonment for fraud by abuse of position and money laundering. This follows an investigation by specialist banking industry sponsored police unit, the Dedicated Card and Payment Crime Unit (DCPCU). UK Finance has explained that Hussain stole confidential information whilst working at the bank, and used it to order new bank cards. Some of the proceeds of crime were used to purchase watches, drones and other high value items. Hussain also enabled others to commit fraud by sharing personal details of customers with members of an organised crime group. UK Finance has confirmed that Hussain can be personally linked to approximately £615,000 of the losses of £1,201,821 which were enabled by his actions.
NEWS
UK Finance has announced that two members of an organised crime group have been sentenced at Southwark Crown Court for committing £1.1m of fraud. Samillah Safi, received nine months imprisonment for conspiracy to defraud and 45 months imprisonment for various drugs and driving offences. Additionally, Zain Ali, received a sentence of two years imprisonment, suspended for two years as well as 200 hours of unpaid work. According to UK Finance, victims of the scam received fraudulent text messages which claimed to be from their bank’s fraud department to exploit the recipient’s personal and financial details. This information was then used to commit £1.1m of fraud.
NEWS
UK Finance has announced that Reiss Mwambe Eugene Holloway-Kawayida, a criminal from South London, who spent thousands of pounds on designer goods and luxury watches after harvesting details from numerous bank customers, was sentenced to five years and three months in prison at Southwark Crown Court on Wednesday 15 September 2021. Holloway-Kawayida was found to have committed £943,743 of fraud between February 2019 and July 2020 through harvesting customers’ details online and via mail theft to build up a picture of his victims. He pleaded guilty to defrauding the banking industry, committing fraud by false representation and being in possession of a false passport.
NEWS
UK Finance has published a blog summarising upcoming regulatory developments impacting the use of artificial intelligence (AI) in financial services.
NEWS
UK Finance has published a comparative view of the Financial Conduct Authority's (FCA) draft stablecoin proposals in consultation papers CP25/14 and CP25/15, and the US Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act signed into law on 18 July 2025, to the extent the frameworks overlap. Both frameworks require stablecoin issuers to obtain licenses, maintain full 1:1 liquid asset backing with high-quality liquid assets, segregate of backing assets and on demand redemption for stablecoins. The analysis highlights areas of alignment and divergence that may influence how stablecoins are used in each jurisdiction.
NEWS
UK Finance has launched a live pilot that sets out to test tokenised sterling deposits (GBTD) in person-to-person marketplace payments, remortgaging processes and digital asset settlement. The initiative intends to demonstrate how digital commercial bank money can retain regulatory protections while offering enhanced speed, fraud prevention and programmability. Running until mid-2026, participating firms currently include Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide and Santander. The platform will be interoperable across digital money forms and payment systems and offer tokenisation-as-a-service to firms without their own infrastructure. UK Finance is set to host stakeholder engagements throughout the pilot, including a webinar on 6 October 2025.
NEWS
UK Finance has published its fraud report for 2024, detailing the amount its members reported as stolen through payment fraud and scams in 2023. The report has highlighted that overall, the amount stolen through payment fraud in 2023 decreased by 4% from 2022 and the amount of unauthorised fraud prevented in 2023 is up by 7%. However losses through payment fraud amounted to £1.17bn and UK Finance has highlighted that fraud remains a major problem for the UK.