Fraud Intelligence

The UK Government proposes targeted bans of ransomware payments by public sector and critical national infrastructure entities, a payment notification regime for other organisations, along with mandatory incident reporting. James Broomhall of Grosvenor Law discusses complexities of the arguments for and against ransomware payment bans, and suggests principles that should guide policy development.

A successful fraud is, by definition, a governance failure. Yet the distinctions and interplay between governance and internal controls are often insufficiently understood, let alone functioning well in practice. Dr Rasha Kassem of Aston University outlines a layered top-down approach, with the mechanisms and frameworks that enable effective governance to shape culture and deter wrongdoing.

Defendants accused of serious and complex fraud will no longer be tried by a jury in England & Wales, under changes, announced on 2 December, designed to ease a massive backlog of cases in the criminal justice system.

Look out for fraudsters; certainly, but look in as well. Executives' and line workers' interests may conflict with their employer's goals to its disbenefit for reasons beyond or within its control. Either way, Keith Nuthall finds the signs will be there if you know where to look.