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Like any enterprise that wants to survive, fraudsters and hackers will continue to build on past successes to fuel future growth
The year 2019 has been something of a mixed bag for the UK’s criminal and regulatory authorities. While the Serious Fraud Office (“SFO”) and Financial Conduct Authority (“FCA”) appear to have taken involuntary sabbaticals from successful criminal prosecutions, the National Crime Agency (“NCA”) is quietly lining the national purse with the proceeds of forfeiture orders obtained through Unexplained Wealth Orders (“UWOs”) and Account Freezing Orders (“AFOs”).
The Royal Bank of Scotland has revealed that it has prevented a record breaking number of fraudulent transactions in the run up to Christmas as shoppers buy more in the busiest retail period of the year.
PRA has laid down new rules after the Society of Lloyd’s disclosed that it had not maintained an anonymous whistleblowing channel for 16 months.
A few tweaks can have a significant impact on an operator’s bottom line and stop profits being diverted from the till, says Malcolm Muir
LONDON (Reuters) - British accountants could be required to look for fraud at companies they audit under proposals made in a government-backed review of recent corporate scandals which went undetected.
Forensic accounting and corporate intelligence skills have both long been essential elements of any effective investigation of suspected fraud or other malfeasance. In the public eye, the importance of the second of these disciplines is frequently underestimated and the potency of blending the two is seldom well-understood.
The Scottish Housing Regulator has written to all social landlords to highlight incidents of fraud in registered social landlords (RSLs).
Fraud poses a major threat to every business all around the globe. From charities and housing associations to food and sport – every sector is subject to fraud risk.
Speed read: Rachel Clark analyses the whistleblowing regime in the context of tax whisteblowers, considering the unique position of reporting to HMRC and proposing specific protections needed to protect the flow of important information on tax offences.
Midlands Fraud Forum Ltd. Reg.No: 06436330 Copyright © March 2014