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Governments and banks failing to tackle financial crime, says UN
BySara Lewis
Online Published Date:
01 October 2020
Appeared in issue:
December 2020/January 2021 - 01 December 2020
UK small business bounce back loan scheme at “very high” fraud risk, NAO confirms
A UK government-backed loan scheme to help small businessesstruggling due to Covid-19 was launched in such a hurry, on 4 May [2020], thatit was not until 2 June, almost a month later, that a methodology to preventduplicate applications was..
Online Published Date:
07 October 2020
Appeared in issue:
December 2020/January 2021 - 01 December 2020
Europol tracks cybercrime innovation under Covid-19
BySara Lewis, in Brussels
Online Published Date:
08 October 2020
Appeared in issue:
December 2020/January 2021 - 01 December 2020
Informa Law to resume printing & distribution of Fraud Intelligence
Followingthe temporary halt to our normal printing and distribution of Fraud Intelligencedue to the Coronavirus pandemic, Informa Law is pleased to confirm that thehardcopy publication will begin to be distributed again from 1 January 2021.Customers..
Online Published Date:
09 October 2020
Appeared in issue:
December 2020/January 2021 - 01 December 2020
UK SFO director calls for failure to prevent fraud and tipping off investigation targets to be crimes
By Sara Lewis
Online Published Date:
15 October 2020
Appeared in issue:
December 2020/January 2021 - 01 December 2020
Corporate criminal liability and the Barclays case: what are the lessons?
John Binns (+44 (0)20 7430 2277, jbinns@bcl.com) and Harry Travers (+44 (0)20 7430 2277, htravers@bcl.com) are partners at BCL Solicitors LLP, specialising in financial crime, money laundering and sanctions.
Online Published Date:
17 October 2020
Appeared in issue:
December 2020/January 2021 - 01 December 2020
Biggest exporters are worst at foreign bribery enforcement
By Sara Lewis
Online Published Date:
22 October 2020
Appeared in issue:
December 2020/January 2021 - 01 December 2020
Goldman Sachs to pay over US$2.9 billion for 1MDB bribery and compliance failures
Goldman Sachs has reached a US$2.9 billion global settlement with prosecutors and regulators in five jurisdictions over its role in bribing public officials and in the alleged embezzlement of more than US$2.7 billion from the proceeds of bond..
Online Published Date:
23 October 2020
Appeared in issue:
December 2020/January 2021 - 01 December 2020
UK furlough fraud and error payments estimated up to UK£3.9bn by 20 September
Fraudand error in payments made under the UK Coronavirus Job Retention Scheme (CJRS)may have reached UK£3.9 billion, working on 10% of total disbursements ofUK£39.3 billion to 20 September [2020], according to HM Revenue & Customs.The National..
Online Published Date:
23 October 2020
Appeared in issue:
December 2020/January 2021 - 01 December 2020
Auditors would seek ‘reasonable assurance’ on fraud under UK proposals
The UK’s Financial Reporting Council (FRC) is proposing a revision [1] to auditing standards that would require auditors “to obtain reasonable assurance” that a client’s financial statements “are free from material misstatement due to fraud”.The..
Online Published Date:
29 October 2020
Appeared in issue:
December 2020/January 2021 - 01 December 2020