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Tis the season… to be on guard
It could be you…Organised crime is targeting banks. Are you next? Andrew Durant
of BDO Stoy Hayward explains how to keep the fraudsters out.
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
So who claims the assets? Proceeds of Crime Act versus Enterprise Act
Recent legislation has potential to impact the position of both creditors (including Crown creditors) and insolvency practitioners. Penny Cassell
of Grant Thornton’s Fraud Insolvency Division (FIND) examines the Proceeds of Crime Act 2002 (POCA) and the Enterprise Act 2002.
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
Interviewing (II): the process of deception
To recognise deception in an interview the fraud examiner must be able to detect subtle change, limit disbelief in the subject, and suppress emotional responses, says Don Rabon
.
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
Five minutes with the President
When the Association of Certified Fraud Examiners held its 9th Annual European conference in London recently, incoming UK Chapter President Paul Carratu
took time out from a busy programme to speak to Fraud Intelligence editor Timon Molloy about his plans for the coming year and his wider views on combating fraud
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
OLAF: just another plate of Offal?
The aim of the European Anti-Fraud Office (Office Europeen de Lutte Anti-Fraude: OLAF) is to protect the interests of the European Union, to fight fraud, corruption and any other irregular activity, including misconduct within the European Institutions, but does it? Sean Holohan
, Director, Protiviti and Peter Kallo
, a consultant with the firm, investigate.
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
Partners on crime – FSA on fraud & HM Treasury on laundering
The UK Financial Services Authority has four statutory objectives under the Financial Services and Markets Act 2000, one of which is to reduce the extent to which its regulated sector may be exploited for the purposes of financial crime. The FSA has been very active on the money laundering front and, since 11 September 2001, in the area of terrorist financing, but, until recently, it was conspicuously silent about fraud. All changed when it announced its policy on fraud to a packed audience in central London at the end of October. Timon Molloy
reports.
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
Heard but ignored
Alan Osborn
spoke to Marta Andreasen about her time in Brussels and her views on the present state of book-keeping in the Commission.
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
‘Booze cruisers’ steered to European Court
Gavin McFarlane of Temple Chambers Cardiff
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
Top management have much to learn, survey finds
Only 68% of UK company boards discuss economic crime more than once a year, according to a survey by accountants RSM Robson Rhodes. Although most executives accepted that they were ultimately responsible for managing the risk, only 57% said that..
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
Andorra opts for withholding tax on EU savings
The European Union Council of Ministers has approved an agreement with Andorra under which the co-principality will impose withholding taxes on bank accounts held by EU citizens in line with the EU Savings Tax Directive. Andorra has chosen this..
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
EU contemplates Sarbanes Oxley-style reforms
The European Commission has proposed significant revisions to the European Union’s accounting directives in an attempt to boost confidence in companies’ financial reporting. The proposals would enshrine in EU law collective..
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
Europe set to clash with US over biometrics deadline
The European Union Council of Ministers’ decision to give the 12 members of Europe’s Schengen border control regime 36 months to incorporate fingerprints into their passports and other travel documents as biometric identifiers could put..
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
Member states set to learn of nationals’ EU convictions
A European Union (EU) member state that convicts a citizen of another EU country would have to advise the individual’s home state government of the prosecution under a European Commission proposal. Brussels has also tabled an obligation for EU..
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
Italian accounting law changes illegal says ECJ Advocate General
Changes to Italian financial laws brought in under Prime Minister Silvio Berlusconi break EU law according to the European Court of Justice (ECJ) Advocate General. Juliane Kokott said that although member states had leeway in framing accounting..
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
Commission to review data protection
The European Commission is to examine whether European Union (EU) data protection laws place excessive constraints on exchange of information between anti-fraud regulators and police; it will propose liberalising these rules if necessary. The pledge..
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004
Single offence of fraud a step closer
The prospect of simplified fraud law is tantalisingly close even if a Fraud Bill did not make it into the Queen’s Speech. When Home Office minister Baroness Scotland addressed the Association of Certified Fraud Examiners’ recent European..
Online Published Date:
01 December 2004
Appeared in issue:
Dec 2004/Jan 2005 - 01 December 2004