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Human rights decision undermines Customs
A successful recent challenge to the civil fraud penalties applied by Customs and Excise under the Human Rights Act 1998 suggests that VAT and duty evasion will only be treated as criminal offences in the future. Gavin McFarlane
of Dechert and London Guildhall University reports.
Online Published Date:
01 February 2001
Appeared in issue:
34 - 01 February 2001
Voivodina - comparative tranquillity at a Balkan crossroads?
The province of Voivodina in Serbia appears both to have weathered the recent conflicts and escaped the worst excesses of economic crime. Nick Ridley
, an intelligence analyst with Europol, who specialises in financial crime in Central and Eastern Europe, offers an overview.
Online Published Date:
01 February 2001
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34 - 01 February 2001
Market abuse safe harbours - further consultation
In the last issue of Fraud Intelligence Michael Grant
of London Guildhall University examined the Financial Services Authority’s (FSA) proposals for a civil offence of market abuse. They were greeted with concern by City practitioners who feared that long-established behaviour would fall foul of the new regime. In this article he considers the regulator’s response in Consultation Paper 16 “Supplement to the Draft Code of Market Conduct”.
Online Published Date:
01 February 2001
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34 - 01 February 2001
Corporate fraud and incident management
What is the correct way to respond to an allegation of serious corporate fraud? Bill Waite,
Head of Corporate Investigations and General Counsel at The Risk Advisory Group, outlines clearly the factors that must be considered and the choices to be weighed.
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01 February 2001
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34 - 01 February 2001
Fraud at work
Alex Plavsic,
of KPMG Forensic Accounting reports on attitudes towards fraudulent practices in the workplace and comes to some surprising conclusions.
Online Published Date:
01 February 2001
Appeared in issue:
34 - 01 February 2001
Bloodstock pair jailed
Two men were jailed earlier this month for conspiracy to defraud shareholders in a UK bloodstock company following a Department of Trade and Industry investigation. During their eight-week trial, Basildon Crown Court heard how Ron Dawson, a racing..
Online Published Date:
01 February 2001
Appeared in issue:
34 - 01 February 2001
Disabling mobiles
The explosion in sales of mobile phones in the UK has led to growth in theft and fraud. In the latest British Crime Survey theft of mobiles accounted for eight per cent of all stolen items against two per cent in the previous year. Once in..
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01 February 2001
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34 - 01 February 2001
Semiconductor magnate faces prison for forgery
Jason Chang, chairman of Advanced Semiconductor Manufacturing (ASE), the world’s second largest microchip testing and packaging company, has been sentenced to six years in prison. He stood trial in the Taipei District Court with his mother,..
Online Published Date:
01 February 2001
Appeared in issue:
34 - 01 February 2001
China integrates tax investigations
The Beijing State Administration of Taxation announced the launch of the “Golden Taxation Project” which will link up Value Added Tax verification and investigation computer systems across the country at the beginning of the year. The..
Online Published Date:
01 February 2001
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34 - 01 February 2001
Griffin trader on fraud charge
Scott Szach, former chief financial officer at Griffin Trading Company (GTC), the Chicago-based futures firm that went bankrupt in 1998 was charged with criminal fraud in January. The US Attorney in Chicago filed a single count of felony wire fraud..
Online Published Date:
01 February 2001
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34 - 01 February 2001
Fraud still rising
Jack Straw, the Home Secretary, must have heaved sigh of relief to read that overall recorded crime in England and Wales fell by 0.2 per cent in the 12 months to September 2000. However fraud and forgery bucked this trend by rising 4.6 per cent over..
Online Published Date:
01 February 2001
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34 - 01 February 2001
Scrap copper and the promissory note
Richard Clark, Head of the Fraud and Financial Services Unit at Maclay Murray & Spens Solicitors.
Online Published Date:
01 February 2001
Appeared in issue:
34 - 01 February 2001