Counter-fraud

Fraud should concern everyone in a business, but the ultimate responsibility for fraud prevention lies with management. It’s why good governance matters.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/how-to-develop-better-governance-around-fraud-prevention

BT Group and EE become the first telecom provider in the UK to offer Hiya’s call protection and identity to mobile and Digital Voice home phone customers

The Hiya Voice Security Network now protects one out of every three subscribers in the UK

EE is the first global carrier to take advantage of the Hiya and Ericsson partnership to quickly and easily activate Hiya Protect

In anticipation of long-awaited government proposals to reform audit and corporate governance, auditors are adopting new technologies to help detect and prevent fraud.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/using-audit-technology-to-address-fraud

Even in a downturn there is always someone doing well. According to an eye-catching headline on The Lawyer news website today it is going to be a “bumper year” for fraud lawyers with many of the biggest cases scheduled in London courts this year involving a crime that does not get the attention it should.

https://uk.finance.yahoo.com/news/business-must-act-block-bumper-131525786.html

Fraud can be somewhat of a grey area, but there are situations that auditors should scrutinise in particular.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/why-red-flags-that-suggest-material-fraud-are-so-hard-to-spot

Fraud losses are costing the UK economy tens of billions every year. Where do internal auditors sit within organisations’ efforts to provide contingencies?

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/af-the-role-of-the-internal-auditor-in-addressing-fraud-risk

Lawyers working in top British companies are anticipating a hike in fraud, disputes, and debt recovery cases over 2023 as the UK’s economy takes a turn for the worse, a new survey shows.

https://www.cityam.com/cost-of-living-crisis-uk-lawyers-braced-for-talent-war-and-surge-in-fraud-cases/

The UK fraud epidemic shows no signs of slowing down. Consumers have never been more vulnerable to scams and fraud attacks, as criminals look to take advantage and exploit people’s personal information and worries.

https://www.finextra.com/blogposting/23496/six-key-uk-fraud-trends-to-watch-out-for-in-2023

A new campaign to tackle online fraud to coincide with the New Year sales has been launched by North Wales Police.

https://nation.cymru/news/police-launch-new-campaign-to-combat-online-scammers/

In 2022, the UK was forced to reckon with the charge of being soft on economic crime and being the destination of choice for kleptocrats seeking to launder their ill-gotten funds. No longer able to turn a blind eye to these criticisms in the wake of Russia’s invasion of Ukraine, the government turned its focus to long-awaited legislative reforms. However, questions remain over whether criminal and regulatory agencies will be given the funding they need to make use of their new powers. A relatively sluggish year for enforcement suggests more investment is needed.

https://www.wilmerhale.com/en/insights/blogs/WilmerHale-W-I-R-E-UK/20221222-sanctions-fraud-is-coming-to-town-2022-in-review