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MEPs calls for public contract blacklist
A special European Parliament (EP) committee has called for criminals convicted of serious crimes, including corruption and money laundering, to be banned from tendering for any public contract within the European Union (EU) for at least five years...
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
The flexible liar
A new analytical approach examines deception as a progression, which can be diagnosed by examining how linguistic indicators interact with each other. Isabel Picornell explains how to identify deceptive linguistic strategies commonly associated with..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Bribery - the third way
The serious briber will always act at one or, preferably, several steps removed from the recipient of their ‘largesse’. Rob Stokes examines present use of third parties.
Is the suitcase or manila envelope full of cash still a..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
MEPs turn screw on criminal assets
A European Parliament committee has tabled amendments that would supercharge draft European Union (EU) rules to make it easier for national authorities to freeze and confiscate criminals’ assets across borders within the 27 country bloc.
..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Cross-border clips - Tax evasion takes centre stage
In the white noise of news over the last month are the latest international fraud and corruption messages; Keith Nuthall and Carmen Paul pick them out.
European Union (EU) heads of states and governments have urged their ministers to agree..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Not our problem - EU fraud
If the European Anti-Fraud Commissioner Algirdas Šemeta is right to claim, as he did in evidence to the House of Lords European Union Committee [1], that EU funds aren’t any “more prone to fraud than national budgets”, then,..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Nearly half of top managers aware of fraud in their company
One in five employees witnessed financial manipulation in their company in the 12 months to December 2012 according to a survey covering Europe, the Middle East, India and Africa by Ernst & Young. The figure rises to 26% for rapid growth..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
To reduce European deficits: step one - reduce corruption, say experts
Corruption costs the European Union (EU) €323 billion a year, three times more than previous estimates, a study by the Hertie School of Governance in Berlin, Germany, and the Brussels office of Germany’s Bertelsmann Stiftung (Foundation)..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Financial services whistleblowers struggle to be heard, study finds
Whistleblowers are crucial to rooting out fraud in financial services, yet the vast majority talk to a deaf ear when they first raise concerns at work, according to new research. Fully 77% of first-time whistleblowers are ignored, London based..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Prosecutions to the people
Private criminal prosecution of offenders is an often overlooked instrument within a company’s counter-fraud enforcement strategy, says Kate McMahon of Edmonds Marshall McMahon.
Individuals and companies who fall victim to fraud often..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
A crime by any other name - EU practice
Definition and punishment of fraud vary widely across Europe, finds Alan Osborn, making the European Commission’s proposals for harmonisation, at least in respect of offences against EU finances, a bold step.
Time and money
The range..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Piloting your asset tracing and recovery vessel through the Panama Canal
Fraud victims whose losses have been stowed away in Panama need to act tactically and observe strict legal formalities, explains David Mizrachi.
Panamanian legal entities and banking institutions are sometimes used to protect assets from..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Small price to pay
Legislation, as politics, is the art of the possible. Put another way, unworkable statutes, whether for lack of will to comply or to enforce, bring the law into disrepute. The UK Bribery Act 2010 pushed the edge of feasibility from draft with its..
Online Published Date:
10 June 2013
Appeared in issue:
June/July 2013 - 01 June 2013