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Why Customs and Excise may not continue to prosecute fraud
Gavin McFarlane of Titmuss Sainer Dechert and London Guildhall University reviews the decline in credibility of UK Customs and Excise as an investigating and prosecuting authority and suggests that the days of its dual function may be numbered.
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
Encryption is the key
Security on the Internet is a major concern in e-business and a heading on many fraud risk managers’ agendas. Terry Corbitt provides an overview of the encryption solution.
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
Fraud and the insolvent company
Robert Tateossian, a solicitor at the London office of DLA explains that whilst liquidators of insolvent companies have substantial powers to tackle fraud, in many cases, such powers provide little comfort to creditors.
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
Fighting Fraud in the UK - the interaction of the criminal and the regulatory process
Rosalind Wright, Director of the Serious Fraud Office, was guest speaker at the recent annual reception (held prior to enactment of the Financial Services and Markets Bill) hosted by the Financial Regulation Investigation Group of Chantry Vellacott DFK. She addressed the wider costs of fraud to society, the resourcing problem facing law enforcement and articulated the position of the SFO in relation to the new UK financial services regulator, the Financial Services Authority.
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
French farce
More than fifty per cent of French university students cheat in examinations according to an award-winning study by a sociology undergraduate at the University of Versailles-Saint-Quentin. Anne Guardiola uncovered the extent of the fraud when she..
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
New tax fraud offence
The UK Government has announced a new statutory offence of evading income tax that will come into force on 1 January 2001
. In the meantime, Paymaster General Dawn Primarolo, advised those in the “informal economy” to make use of a..
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
Offshore rankings
The Financial Stability Forum, which comprises financial regulators, central banks and finance ministries, has graded a host of offshore financial centres (OFCs) according to their “perceived quality of supervision and perceived degree of..
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
EU Council of Ministers tackles financial crime
A package of measures designed to boost co-operation between European Union member states in the fight against fraud and organised crime has been approved by the EU Council of Ministers for Justice and Home Affairs in Brussels. Following more than a..
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
Corruption at home and abroad
On 20 June the UK Government published proposals for a single offence of corruption that would apply to Members of Parliament (from either house), civil servants and the private sector. It would enable the courts in England and Wales to prosecute..
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
A nest of crooks
A solicitor who treated the legal aid scheme as a “licence to print money”, has been jailed for five years. Alan Pritchard, who had offices in Birmingham and Wolverhampton, conspired with two colleagues to generate false claims worth..
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
Broken promises
The US Securities and Exchange Commission (SEC) and state regulators announced a joint initiative to combat the fraudulent sale of promissory notes at the beginning of June.
Promissory notes are typically structured as fixed rate loans to companies..
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
Massive in-Securities
More than 100 defendants have been charged with securities fraud in the largest action in US history. The proceedings, announced jointly by the US attorney, the Securities and Exchange Commission and the FBI in mid-June, are the culmination of a..
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
Not withholding tax or information
The three-year deadlock over proposals for an EU-wide withholding tax on savings by non-residents was finally broken at the ministerial summit in Portugal last month. The Germans, especially, had sought to impose the tax as a means to prevent tax..
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000
Making crime pay
Responses to the report should be sent to: Financial Crime Team, Home Office, 50 Queen Anne’s Gate, London SW1H 9AT or by email to FCT@homeoffice.gsi.gov.uk.
Online Published Date:
01 July 2000
Appeared in issue:
29 - 01 July 2000