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Internal fraud fully costed in UK study
By Robert Stokes
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
City Police commissioner sizes up the challenge
The cost of fraud, at £52bn a year [1], is bigger than the entire defence budget or spending on the National Health Service, Adrian Leppard, Commissioner of the City of London Police, told the London Fraud Forum’s 7th Annual Conference;..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Huge public procurement losses to corruption, says OLAF
The European Union’s anti-fraud office OLAF has unveiled a report that signals sizeable losses directly caused by corruption in public procurement. It identified how in 2010, between €1.4 billion and €2.2 billion was lost in..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Identity fraud study throws up surprises
Current beliefs about victims of identity fraud are flawed, according to CIFAS, the United Kingdom’s fraud prevention service. Fraud and identity crime are concentrated in the largest centres of population, but a CIFAS study contradicts belief..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
SFO general counsel affirms line on bribery
There is “no change and no watering down of the law or the guidance” around bribery, Alun Milford, general counsel at the Serious Fraud Office told the World Bribery & Corruption Compliance Forum in London on 15 October. SFO Director..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Data analytics – necessary iteration
The ability to identify patterns, connect people and information, and draw informed conclusions from across large, disparate data sources is core to investigations today – so, how to go about it? Nick Patience of Recommind has a view.
Big..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
UK government sets course against organised crime
Organised crime costs the UK at least £24bn a year according to a government strategy paper published to coincide with the launch of the new National Crime Agency. [1] The NCA, with more than 4,000 officers and a budget of £463m, will be..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
EU needs whistleblower directive, says anti-corruption body
Anti-corruption campaigners have urged the European Commission to devise powerful European Union (EU) whistleblower protection, possibly through a Directive.
Berlin-based Transparency International (TI) made the call after its..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Rare, but deadly: studies in financial statement fraud
There may be comparatively few cases of financial statement fraud, yet they are the costliest type of attack [1]. In the first article in a two-part series, Gerry Zack examines revenue recognition and asset valuation abuses using recent real..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
To tear is rare: R v Sale
The far-reaching tremors of the Supreme Court’s judgment in Prest [1] earlier this year have been well documented, not least because of the limitations seemingly placed on the Court’s ability to pierce the corporate veil. Charles Thomson..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Red alerts
Doing business in the Former Soviet Union (FSU) is undoubtedly fraught, but for many companies – particularly those in the oil, gas or mining sectors – it is a risk worth taking. Maggy Wilkinson and Rik Workman of Forensic Risk Alliance..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
EU public prosecutor’s office goes forward with limited support
By Carmen Paun, in Brussels
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Cross-border tax currents: EU to move goalposts on evasion, OECD pursues global information exchange
By Keith Nuthall
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Telecom fraud losses to top US$46bn in 2013
By Robert Stokes
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
All fraud types rising, says global research
Over 70% of companies suffered from fraud in the past year, up from 61% in the previous 12 months, according to the 2013 Kroll Global Fraud Report. There was a bump in every category of fraud covered by the study, with the sharpest hike coming from..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Avenues to disclosure
The proliferation of electronic documents in business has had a serious impact on commercial litigation: in many cases, dealing with electronic disclosure is one of the most costly elements of trial preparation. In fraud cases, electronic evidence..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Instant payment – secure response
Commerce is continuous and consumers now expect to purchase with, ideally, no pause, no interruption. Payment infrastructure providers are running hard to keep up, says Peter Bayley of Visa.
We live in a world where consumer power reigns. The..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
SFO swaps the carrot for the stick
David Green, the UK Serious Fraud Office’s soft-spoken but tough-talking head of 18 months, has openly rejected a previous implication under his predecessor, Richard Alderman that cases of self-reported misconduct would generally be dealt with..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
www.globalthreat.con
“My rackets are run on strictly American lines,” Al Capone reportedly said. Organised criminals today also exploit prevailing business concepts – but in doing so they are unrecognisable from the gangsters of popular imagination,..
Online Published Date:
06 December 2013
Appeared in issue:
June/July 2013 - 01 June 2013
Internal fraud fully costed in UK study
By Robert Stokes
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
UK government sets course against organised crime
Organised crime costs the UK at least £24bn a year according to a government strategy paper published to coincide with the launch of the new National Crime Agency. [1] The NCA, with more than 4,000 officers and a budget of £463m, will be..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
All fraud types rising, says global research
Over 70% of companies suffered from fraud in the past year, up from 61% in the previous 12 months, according to the 2013 Kroll Global Fraud Report. There was a bump in every category of fraud covered by the study, with the sharpest hike coming from..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
SFO general counsel affirms line on bribery
There is “no change and no watering down of the law or the guidance” around bribery, Alun Milford, general counsel at the Serious Fraud Office told the World Bribery & Corruption Compliance Forum in London on 15 October. SFO Director..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
City Police commissioner sizes up the challenge
The cost of fraud, at £52bn a year [1], is bigger than the entire defence budget or spending on the National Health Service, Adrian Leppard, Commissioner of the City of London Police, told the London Fraud Forum’s 7th Annual Conference;..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
SFO swaps the carrot for the stick
David Green, the UK Serious Fraud Office’s soft-spoken but tough-talking head of 18 months, has openly rejected a previous implication under his predecessor, Richard Alderman that cases of self-reported misconduct would generally be dealt with..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
Huge public procurement losses to corruption, says OLAF
The European Union’s anti-fraud office OLAF has unveiled a report that signals sizeable losses directly caused by corruption in public procurement. It identified how in 2010, between €1.4 billion and €2.2 billion was lost in..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
Data analytics – necessary iteration
The ability to identify patterns, connect people and information, and draw informed conclusions from across large, disparate data sources is core to investigations today – so, how to go about it? Nick Patience of Recommind has a view.
Big..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
Telecom fraud losses to top US$46bn in 2013
By Robert Stokes
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
Identity fraud study throws up surprises
Current beliefs about victims of identity fraud are flawed, according to CIFAS, the United Kingdom’s fraud prevention service. Fraud and identity crime are concentrated in the largest centres of population, but a CIFAS study contradicts belief..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
Rare, but deadly: studies in financial statement fraud
There may be comparatively few cases of financial statement fraud, yet they are the costliest type of attack [1]. In the first article in a two-part series, Gerry Zack examines revenue recognition and asset valuation abuses using recent real..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
To tear is rare: R v Sale
The far-reaching tremors of the Supreme Court’s judgment in Prest [1] earlier this year have been well documented, not least because of the limitations seemingly placed on the Court’s ability to pierce the corporate veil. Charles Thomson..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
EU public prosecutor’s office goes forward with limited support
By Carmen Paun, in Brussels
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
EU needs whistleblower directive, says anti-corruption body
Anti-corruption campaigners have urged the European Commission to devise powerful European Union (EU) whistleblower protection, possibly through a Directive.
Berlin-based Transparency International (TI) made the call after its..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
Avenues to disclosure
The proliferation of electronic documents in business has had a serious impact on commercial litigation: in many cases, dealing with electronic disclosure is one of the most costly elements of trial preparation. In fraud cases, electronic evidence..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
www.globalthreat.con
“My rackets are run on strictly American lines,” Al Capone reportedly said. Organised criminals today also exploit prevailing business concepts – but in doing so they are unrecognisable from the gangsters of popular imagination,..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
Red alerts
Doing business in the Former Soviet Union (FSU) is undoubtedly fraught, but for many companies – particularly those in the oil, gas or mining sectors – it is a risk worth taking. Maggy Wilkinson and Rik Workman of Forensic Risk Alliance..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
Cross-border tax currents: EU to move goalposts on evasion, OECD pursues global information exchange
By Keith Nuthall
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013
Instant payment – secure response
Commerce is continuous and consumers now expect to purchase with, ideally, no pause, no interruption. Payment infrastructure providers are running hard to keep up, says Peter Bayley of Visa.
We live in a world where consumer power reigns. The..
Online Published Date:
06 December 2013
Appeared in issue:
December 2013/January 2014 - 05 December 2013