Private Sector

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

According to the latest research, occupational or internal fraud is more often than not perpetrated by a man in a position of authority who is out for personal gain through the deliberate misuse of a company’s resources or assets.

http://res.cloudinary.com/yumyoshojin/image/upload/v1/pdf/fighting-fraud-2018.pdf

Court of Appeal ruling on legal privilege welcome news for corporate clients under investigation

https://economia.icaew.com/en/opinion/september-2018/the-serious-fraud-office-vs-the-eurasian-natural-resources-corporation

ENRC has won a legal victory against the Serious Fraud Office (SFO) that will stop it being forced it to hand over confidential documents in a long-running investigation into alleged fraud.

https://www.telegraph.co.uk/business/2018/09/05/enrc-deals-blow-sfo-winning-legal-privilege-appeal/

Nearly 500,000 UK businesses are being hit by impersonation fraud, according to estimations by Lloyds Bank, with the legal sector most at risk

https://www.computerweekly.com/news/252448102/Half-a-million-UK-firms-hit-by-CEO-fraud-Lloyds-Bank-estimates