Private Sector

1. Increased use of civil asset recovery powers by law enforcement authorities. 
   
2. Increased level of enforcement against Directors by Companies House. 
3. Increased focus by the UK Legislature on economic crime enforcement. 
4. Increase in UK sanctions implementation and enforcement. 
   
5. Increased focus on ESG compliance and heightened corporate risk.

What are the key factors behind the emergence of fraud risks and how should organisations ensure their controls are fit for purpose? Two experienced audit committee chairs provide their thoughts.

https://www.icaew.com/insights/viewpoints-on-the-news/2023/jan-2023/how-businesses-approach-fraud-risk-the-audit-committee-view

Cybercriminals are increasingly using fake job ads to persuade jobseekers to share their personal information – and sometimes part with money – to secure their ideal roles

https://www.raconteur.net/risk-regulation/job-scams-fraud-hybrid-hiring/

An accountant who abused her trusted position as a bookkeeper in a bid to cheat three small businesses out of almost £150,000 was jailed for two years and four months on Friday (January 20).

https://www.punchline-gloucester.com/articles/aanews/gloucestershire-accountant-sentenced-for-one-hundred-fifty-thousand-pounds-fraud

Adam Bernstein finds out how to best deal with employee fraud and theft

https://www.opticianonline.net/features/fraud-hiding-in-plain-sight

The director of a Wolverhampton letting agency has been sentenced to 28 months after being found guilty of several counts of fraud and unfair trading.

https://www.thebusinessdesk.com/westmidlands/news/2070761-rogue-city-letting-agent-jailed-for-fraud-and-unfair-trading

The luxury home in Glasgow is part of assets linked to Gregory King which are being targeted to pay off some of his £120m debt.

https://www.dailyrecord.co.uk/news/scottish-news/investigators-seize-1m-property-linked-28899649

(Reuters) - British engineering contractor Keller Group Plc warned on Monday its annual operating profit would come in slightly below the bottom-end of market expectations, hit by financial reporting fraud in its Australia-based unit Austral.

https://uk.finance.yahoo.com/news/uks-keller-group-warns-profit-083512489.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

A SERIAL fraudster who cheated a North Yorkshire used car dealer out of £15,000 has been given a suspended prison sentence at York Crown Court.

https://uk.sports.yahoo.com/news/fraudster-cheated-used-car-dealer-050000632.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Companies House is developing a new identity verification process, with an emphasis on a digital route, intended to be a deterrent to people setting up companies for illegal purposes.

https://www.ukauthority.com/articles/companies-house-plans-digital-service-for-id-verification/?mc_cid=84f2b86e7e