Counter-fraud

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.

https://www.scotsman.com/lifestyle/royal-bank-of-scotland-halts-1-959-fraudulent-sales-a-day-1-5066393

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.

https://uk.reuters.com/article/uk-britain-audit/auditors-called-to-account-as-uk-review-proposes-fraud-foiling-role-idUKKBN1YM0OO

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.

https://www.financierworldwide.com/the-power-of-blending-forensic-accounting-and-corporate-intelligence-skills-in-fraud-investigations#.Xf_tBm52uP9

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.

https://brightlinelaw.co.uk/tax-whistleblowers/

Mary Inman helped Constantine Cannon start a whistle-blower practice in London

This article explores the process of tokenisation and how it is innovating payments security.

https://www.itproportal.com/features/preventing-fraudulent-payments-with-tokenisation/