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2016 Publications

A collection of useful documents from various sources around the internet.

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  • 13 Apr 2016 1:10 PM | Sylvia Jones

    The FCA has published its 2016/17 Business Plan setting out the FCA’s work programme and priorities for the coming year.  The FCA includes its Risk Outlook identifying trends in the markets and firms it regulates, and risks which the FCA says it needs to respond to. The Business Plan outlines seven priority themes within its Risk Outlook.  These seven themes are: pensions, financial crime and anti-money laundering, wholesale financial markets, advice, innovation and technology, firms’ culture and governance, and the treatment of existing customers.

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  • 05 Apr 2016 7:13 PM | Sylvia Jones

    Common Practices of EU-level Crisis Management and Applicability to Cyber Crises

    Based on detailed analysis of five different EU-level crisis management frameworks, this report highlights those lessons learnt from years of crisis management in five different sectors which would be applicable to the cyber domain, and provides a series of key recommendations regarding EU-level priorities to alter the outcome of the next cyber crisis.

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  • 04 Apr 2016 2:45 PM | Sylvia Jones

    The 2016 Report to the Nations on Occupational Fraud and Abuse contains a wealth of information about how occupational fraud is committed and how it is detected, along with detailed statistics about the victims and perpetrators of these crimes. The report is an excellent resource for you to educate your clients and employers about the risk of occupational fraud. Throughout the report, you will find a tremendous amount of information to help you assess fraud risk and benchmark your company's or clients' anti-fraud programs against those at similar organisations.

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  • 31 Mar 2016 1:03 PM | Sylvia Jones

    Payment Cards, Remote Banking and Cheque

    Online banking and e-commerce fraud both saw major spikes over the past year, growing faster than total payment card fraud, according to the latest industry figures. The Year-End 2015 Fraud Update from Financial Fraud Action UK revealed that the value of e-commerce fraud jumped 19% from 2014 to 2015 to reach £261.5 million. When including mail order and telephone fraud – which spiked 22% – the figure for total card not present (CNP) losses amounts to an even higher £398.2m

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  • 25 Mar 2016 12:31 PM | Sylvia Jones

    A review and reference tool of bribery cases completed in the second half of 2015 and an overview of the current anti-corruption landscape in the UK. After more than four years of debate, speculation and expectation since the Bribery Act came into force, Section 7 has been cited in three completed cases in the second half of 2015. While none of these cases provide extensive precedents of how Section 7 will be applied by the courts, the question of whether the Bribery Act has teeth is answered.

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  • 25 Mar 2016 12:27 PM | Sylvia Jones

    The Year of Global Expansion and Enforcement Greater executive and board involvement, combined with a heightened appreciation of reputation-related risks, is driving a greater understanding that doing business the right way is the most effective path to sustainable and profitable growth. From the other side of the table, global regulators are being more transparent and deliberate in their guidance and expectations, and companies are responding.

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  • 15 Mar 2016 9:33 AM | Sylvia Jones

    Insurer Allianz Global Corporate & Specialty (AGCS) examines the latest trends in cyber risk and emerging perils around the globe. Cyber risk is now a major threat to businesses. Companies increasingly face new exposures, including first-and third-party damage, business interruption and regulatory consequences. With the operating environment for many industries changing dramatically, as they become more digitally-connected, this report examines cyber risk trends and emerging perils around the globe. It also identifies future mitigation strategies, including the role of insurance.

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  • 15 Mar 2016 9:31 AM | Sylvia Jones

    The year ahead is set to be a fascinating and testing one. As Control Risks CEO Richard Fenning writes in his introduction, insurgent forces in business and politics will challenge norms more than ever, requiring companies to be nimble and resilient as they navigate the contours of risk and opportunity. In 2016, business and politics will be reshaped by a phenomenon common to both: insurgency. In both worlds, the established order is being challenged by disruptive forces that appear rapidly, upset the status quo and wrong-foot the powers that be

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  • 06 Mar 2016 3:53 PM | Sylvia Jones

    VAT fraud is often linked with organised crime. According to Europol’s representatives, it is estimated that 40-60 billion euro of the annual VAT revenue losses of Member States are caused by organised crime groups and that 2 % of those groups are behind 80 % of the missing trader intra-community (MTIC) fraud. The intra-Community VAT system has frequently been abused under the so called missing trader intra-community fraud (MTIC). The missing trader disappears without trace, which makes the tax collection impossible in the state in which goods or services are consumed.

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  • 02 Mar 2016 12:45 PM | Sylvia Jones

     UK economic crime figures show both fraudsters and fraud schemes are maturing.While the majority of economic crimes are committed by external parties, a significant percentage of frauds are still being carried out by employees. We’re also seeing that the ‘typical’ fraudster is getting older and more senior, making it more difficult than ever to detect wrongdoing. The challenge for businesses, then, is to minimise the opportunities to commit economic crime and ensure that there is a robust fraud risk assessment framework in place. This means keeping up-to-date on new threats and new ways to prevent, detect and respond effectively to those threats.

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