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Former Bertling executives sentenced over Angola oil corruption
Three former senior employees of German logistics giant the FH Bertling group were sentenced at London’s Southwark Crown Court on 20 October for their part in a US$20 million Angola oil corruption case. Joerg Blumberg, Dirk Juergensen and Marc..
Online Published Date:
06 December 2017
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December/January 2017 - 06 December 2017
Football corruption trial begins in New York
The trial of three former high-flying football executives kicked off in New York on 13 November. The former president of the Brazil Football Association (CBF) José Maria Marin; former Paraguayan president of the South America football..
Online Published Date:
06 December 2017
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December/January 2017 - 06 December 2017
US charges former Rolls-Royce employees over foreign bribery
The US Department of Justice has unsealed charges against three former Rolls-Royce employees and two other men over alleged bribery of foreign government officials. Four of the accused have pleaded guilty; a fifth is believed to be outside the..
Online Published Date:
06 December 2017
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December/January 2017 - 06 December 2017
London to set up new fraud and cyber-crime court
The City of London Corporation is to set up a new centralised court in the UK capital’s financial district to focus primarily on cases involving fraud, economic crime and cyber-crime, such as phishing. The Corporation – the City of..
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06 December 2017
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December/January 2017 - 06 December 2017
Rio Tinto & former executives face fraud charges in US
Rio Tinto and two former top executives were accused of fraud in the US and the firm hit with a UK£27.4m fine in the UK on 17 October.
The US Securities and Exchange Commission (SEC), in a civil complaint filed in New York [1], alleges..
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06 December 2017
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December/January 2017 - 06 December 2017
China to replace corruption watchdog
The Chinese government is to set up a new anti-corruption agency, the National Supervisory Commission, to replace the existing watchdog, the Central Commission for Discipline Inspection (CCDI). The change, confirmed at the 19th National..
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06 December 2017
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December/January 2017 - 06 December 2017
Research findings – a meta study
The professional working to combat fraud has an array of reports and statistics to which s/he can turn but how to distinguish useful intelligence from marketing froth? Sara Lewis reviews the publicly available fraud analysis and asks leading..
Online Published Date:
06 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
Airbus opens second internal graft probe
Airbus Industrie has opened its second internal investigation in less than a year, following an exclusive 18 September report in The Guardian newspaper that linked the aeronautics giant to two companies making secret payments via tax..
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06 December 2017
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December/January 2017 - 06 December 2017
Failure to prevent facilitation of tax evasion: are your procedures in place?
With just a few weeks to spare before the Criminal Finances Act 2017 offence of failure to prevent the criminal facilitation of tax evasion took effect on 30 September, the Chancellor of the Exchequer, through the Facilitation of Tax Evasion..
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06 December 2017
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December/January 2017 - 06 December 2017
Telia to pay over US$965m globally for Uzbekistan bribery
American and European regulators are forcing Swedish telecoms firm Telia and its Uzbek subsidiary Coscom together to pay out US$965,773,949 in penalties worldwide for corrupt payments made in Uzbekistan. The payout includes US$548.6 million for..
Online Published Date:
06 December 2017
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December/January 2017 - 06 December 2017
Raid alert [1]
If the authorities turn up on your doorstep demanding entry, how should you respond? In the first of a two-part series, Aziz Rahman of Rahman Ravelli offers a guide to the dos and don’ts.
Raids are rarely subtle events. It does not..
Online Published Date:
06 December 2017
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December/January 2017 - 06 December 2017
Black Friday
Friday Fraud – a variation of CEO Fraud that targets lawyers – was recently described by The Law Society as the “biggest cybercrime afflicting the legal sector”. William Clerk, barrister at 2 Temple Gardens explains how the..
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06 December 2017
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December/January 2017 - 06 December 2017
Contract fraud and abuse risk examination
Procurement fraud consistently ranks among the most commonly-reported economic crimes. [1] Sheryl Steckler and Tom Caulfield set out steps to ensure your organisation has safeguards in place against contract fraud and abuse that are sufficient to..
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06 December 2017
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December/January 2017 - 06 December 2017
Ex Kremlin banker’s court loss may signal tougher stance against ‘sham trusts’
The latest legal salvo by Russia’s Deposit Insurance Agency against the assets of Sergei Pugachev – who fell from Vladmir Putin’s grace after helping him rise to power – has successfully established that the oligarch retained..
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06 December 2017
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December/January 2017 - 06 December 2017
Social psychology: an under-utilised tool for interviewers
How would you feel if you arrived at a work meeting where everybody, except for you, was dressed in a green shirt? Michael Bret Hood of 21st Century Learning & Consulting explores how psychological cues – which unwittingly prompt us to act..
Online Published Date:
06 December 2017
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December/January 2017 - 06 December 2017
Cross-border currents - European public prosecutor to be established
Companies and citizens defrauding European Union (EU) revenue collection (including customs duties and cross-border VAT fraud) and spending programmes, may, from 2020, face direct criminal proceedings brought by a European Public Prosecutor (EPPO)...
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06 December 2017
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December/January 2017 - 06 December 2017
Planning for the worst – cyber defence
Systems security means dynamic compliance founded on a rigorous risk assessment with some well-established models offering a useful startpoint. Michael Aminzade of Trustwave provides a guide.
It’s an unfortunate reality that..
Online Published Date:
06 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
OSINT – right on target
Open source intelligence (OSINT) is now often the first resort when investigating and trying to prevent fraud. Sara Lewis explores web-based resources and how the ‘white hats’ are using them.
With so much data online,..
Online Published Date:
06 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
29% of Latin American & Caribbean citizens paid bribe for public services
Almost one in three citizens in Latin America and the Caribbean paid a bribe in the past 12 months to use one of six public services, according to Transparency International research. The survey [1] of more than 22,000 people across 20 countries in..
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06 December 2017
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December/January 2017 - 06 December 2017
Supreme Court resets the criminal law test for dishonesty
In Ivey v Genting Casinos (UK) Ltd t/a Crockfords [2017] UKSC 67, the Supreme Court directed (albeit in a civil claim) that the two limb Ghosh test for assessing dishonesty in criminal proceedings should be replaced by a purely objective test...
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06 December 2017
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December/January 2017 - 06 December 2017
SFO charges two in Unaoil bribery investigation
The UK Serious Fraud Office (SFO) has charged two individuals in relation to the global Unaoil bribery and corruption investigation. Ziad Akle and Basil Al Jarah were both, on 16 November, charged with conspiracy to make corrupt payments to secure..
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06 December 2017
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December/January 2017 - 06 December 2017
Social psychology: an under-utilised tool for interviewers
Michael
Bret Hood is a founding partner in 21st Century
Learning & Consulting LLC (www.21puzzles.com),
a group that offers leadership, ethics, implicit bias, diversity and financial
crimes training, investigative consulting as well as expert witness
services. He is author of ‘Eat More Ice Cream! A Succinct Leadership
Lesson for Each Week of the Year’ and ‘Get Off Your Horse! Fifty-Two Succinct
Leadership Lessons from US Presidents’, available at www.amazon.com. Contact Michael at 21puzzles@gmail.com and see why he was
consistently rated as one of the FBI’s top instructors.
Online Published Date:
11 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
Raid alert [1]
Aziz
Rahman (+44 (0)1422 346666, aziz.rahman@rahmanravelli.co.uk)
is a partner at Rahman Ravelli.
Online Published Date:
11 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
Contract fraud and abuse risk examination
Sheryl
Steckler and Tom
Caulfield are, respectively, president and chief operating officer of
Procurement Integrity Consulting Services, www.procurement-integrity.net,
which specialises in developing, assessing and structuring strategies to assure
contracting integrity. The company also assists clients in identifying and
mitigating their inherent risk of procurement fraud and abuse. Sheryl and Tom
also train domestically and internationally on the most prevalent procurement
schemes of fraud and abuse in today’s contracting along with the most
successful proactive and reactive protections against those same threats.
Online Published Date:
11 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
Black Friday
William Clerk is a barrister at 2 Temple Gardens, who deals with a wide range of commercial work including fast-moving litigation in relation to interim applications and injunctive relief. He may be contacted on wclerk@2tg.co.uk.
Online Published Date:
11 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
Research findings – a meta study
The professional working to combat fraud
has an array of reports and statistics to which s/he can turn but how to
distinguish useful intelligence from marketing froth? Sara Lewis reviews the publicly available fraud analysis and asks
leading..
Online Published Date:
11 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
Ex Kremlin banker’s court loss may signal tougher stance against ‘sham trusts’
Charles Thomson (+ 44 (0)20 7919 1879, charles.thomson@bakermckenzie.com) is a partner in Baker McKenzie’s
dispute resolution practice group in London and co-manages the Business Crime
Unit. Jack Secunda (+ 44 (0)20 7919
1765, jack.secunda@bakermckenzie.com) is an associate, and Fleur Chenevix-Trench a trainee
solicitor.
Online Published Date:
11 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
OSINT – right on target
Open source intelligence (OSINT) is now
often the first resort when investigating and trying to prevent fraud. Sara Lewis explores web-based resources
and how the ‘white hats’ are using them.With so much data online, OSINT’s rich..
Online Published Date:
11 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
Planning for the worst – cyber defence
Michael
Aminzade is Vice President of Global
Compliance and Risk Services at Trustwave (www.trustwave.com/Solutions/By-Challenge/Managing-Compliance-and-IT-Risk/)
Online Published Date:
11 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
Airbus opens second internal graft probe
By Sara Lewis
Online Published Date:
11 December 2017
Appeared in issue:
December/January 2017 - 06 December 2017
Police cooperate globally in record take-down of counterfeit good websites
By
Sara Lewis
Online Published Date:
11 December 2017
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UK to create National Economic Crime Centre
By
Sara Lewis
Online Published Date:
14 December 2017
Appeared in issue:
February/March 2018 - 01 February 2018
Anti-money laundering reform central to new UK anti-corruption strategy
By Keith Nuthall
Online Published Date:
15 December 2017
Appeared in issue:
February/March 2018 - 01 February 2018
Majority believe corruption has risen in USA - TI survey
By Sara Lewis
Online Published Date:
20 December 2017
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