Counter-fraud

  • 07 Jun 2023 12:36 PM | Anonymous member (Administrator)

    Sam Healey, Partner, Business Crime and Regulation at JMW Solicitors, explains how to protect your business from the new “failure to prevent fraud” criminal offence.

    Introduction to the new “failure to prevent fraud” criminal offence: the UK Government is committed to tackling economic crime and improving transparency over UK businesses through amendments to the Economic Crime and Corporate Transparency Bill (“the ECCT Bill”). The new legislation proposes to include a new criminal offence for corporate entities of “failure to prevent fraud.”

    https://www.insidermedia.com/experts/north-west/the-new-criminal-corporate-offence-for-failure-to-prevent-fraud-how-can-i-protect-my-business


  • 30 May 2023 10:31 AM | Anonymous member (Administrator)

    The digital pound could be an important weapon in regulators’ fight against the rising tide of fraud, experts have argued.

    With the widespread scale of scams in the UK, Quant’s chief executive Gilbert Verdian said “we need a complete reset”. Quant builds technology for blockchains, including those underlying central bank digital currencies (CBDCs).

    https://www.cityam.com/britcoin-can-bolster-defences-amid-fraud-epidemic-experts-argue/


  • 25 May 2023 2:05 PM | Anonymous member (Administrator)

    The bosses of London-listed firms are facing tougher scrutiny on fraud and financial reporting from 2025 after Britain’s corporate governance watchdog proposed a slew of reforms today.

    https://www.cityam.com/london-listed-firms-face-tougher-fraud-rules-as-watchdog-prepares-clampdown/

  • 25 May 2023 1:55 PM | Anonymous member (Administrator)

    An alliance of banks, tech companies and telecoms groups are set to pilot a new scheme to collect information on scammers as attempts to tackle the UK’s fraud epidemic step up a notch.

    The new group, Stop Scams UK, has members including the UK’s largest incumbent banks, challenger banks, telecoms providers and big tech firms. The alliance will collect information on scammers using phone numbers and email addresses provided by its members.

    https://www.cityam.com/big-tech-and-banks-alliance-pilots-new-scheme-to-combat-fraud/


  • 25 May 2023 1:51 PM | Anonymous member (Administrator)

    The government's recently announced fraud strategy was desperately needed to set out a structured approach to combatting fraud in the UK.

    https://www.ftadviser.com/opinion/2023/05/23/govt-fraud-strategy-must-be-flexible-to-get-ahead-of-scammers/

  • 25 May 2023 1:26 PM | Anonymous member (Administrator)

    Criminals are getting smarter at targeting victims to gain access to banking apps on mobile phones, a senior UK fraud officer has said.

    Detective Superintendent John Roch says the technology behind the apps is secure but criminals are getting better at exploiting human behaviour.

    https://www.bbc.co.uk/news/business-65456325


  • 25 May 2023 1:22 PM | Anonymous member (Administrator)

    Invoice and CEO scams remain some of the main financial fraud risks businesses face, despite a drop in overall fraud losses in 2022 compared to the previous year, according to a report by UK Finance.

    https://www.pinsentmasons.com/en-gb/out-law/news/uk-finance-report-shows-persisting-risk-invoice-ceo-fraud-businesses

  • 19 May 2023 3:54 PM | Anonymous member (Administrator)

    Police-backed North West Fraud Forum asks businesses to collaborate in the fight against fraud, as new figures reveal increased losses in the region over the past year.

    https://www.icaew.com/insights/viewpoints-on-the-news/2023/may-2023/businesses-urged-to-unite-as-fraud-cases-rise-25-in-a-year


  • 14 May 2023 12:03 PM | Anonymous member (Administrator)

    The UK government is beginning a review of whistleblowing law. Nicola Sharp of Rahman Ravelli outlines the current legal protections - and possible future ones - for those who report workplace wrongdoing.

    https://www.rahmanravelli.co.uk/articles/whistleblower-protections-in-the-uk/

  • 14 May 2023 11:58 AM | Anonymous member (Administrator)

    Tide, a UK financial business platform with more than 500,000 SMEs, has urged the government to establish a new anti-fraud tax to fund and train more police officers to combat the rising fraud epidemic in Britain.

    https://thefintechtimes.com/tide-urges-government-to-introduce-anti-fraud-tax-to-combat-rising-scams/

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