Private Sector

A former employee at an HSBC branch has been sentenced to 18 months in jail for handing over confidential details of three customer accounts to criminals, London’s Metropolitan Police said in a statement, resulting in the theft of more than £67,000.

https://uk.reuters.com/article/uk-hsbc-fraud/ex-hsbc-employee-in-jail-over-67000-pounds-customer-accounts-scam-idUKKCN1ME2DK

Businesses of all sizes can’t afford to compromise security and safety, so we’ve gathered advice for business owners and managers across three areas: Business Fraud, Theft, and Violence. 

https://www.hampshire-pcc.gov.uk/crime-prevention/business

The fine is the first issued by the FCA for cyber fraud. It comes amid a heightened focus on informational security following a series of high-profile data breaches at UK multinationals and the introduction of the General Data Protection Regulation (“GDPR”)

https://www.ropesgray.com/en/newsroom/alerts/2018/10/UK-financial-regulator-issues-16-4-million-fine-for-cyber-fraud-and-its-not-even-GDPR

Two former senior executives of Tesco accused of fraud and false accounting at Britain’s biggest retailer are due to face a re-trial this week at a London court.

https://uk.reuters.com/article/britain-tesco-fraud/re-trial-of-former-tesco-executives-accused-of-fraud-to-begin-this-week-idUKL5N1V4512

How can businesses tackle financial crime? The answer doesn’t lie in quick fixes or ‘one-size-fits-all’ solutions.

https://home.kpmg.com/uk/en/home/insights/2018/09/best-behaviour-a-fresh-look-at-financial-crime.html

The UK has two months to act or the case could be referred to the EU’s Court of Justice.

https://www.politico.eu/article/eu-warns-uk-again-to-recoup-e2-7-billion-china-fraud-bill/

US securities regulators have accused Tesla chief executive of fraud, alleging he made false and misleading statements about plans to take the company private in August.

https://www.shropshirestar.com/news/motors/2018/09/28/regulators-accuse-tesla-boss-of-fraud-over-plans-to-take-company-private/

Woman denies conspiring to commit fraud by abuse of her position as an employee of the store in Wrexham Road, Whitchurch.

https://www.shropshirestar.com/news/crime/2018/09/20/co-op-worker-accused-of-defrauding-store-of-40000-with-other-employees/

She faces four charges, two of which were that she participated in a fraudulent business

https://www.propertyindustryeye.com/former-letting-agent-appears-in-court-on-fraud-charges/

Two Indian men have been arrested on suspicion of modern slavery offences following a Gangmasters & Labour Abuse Authority (GLAA) operation in Coventry.

https://www.theconstructionindex.co.uk/news/view/two-arrested-for-construction-slavery