Fraud Intelligence

Auditors Snowing the auditors: corporate finance fraud and the Financial Services Act, Helen Parry, April 2000. Art Art and craft, Mark Siggers, April 1999. Anti-fraud initiatives Making crime pay, Timon Molloy, July/August 2000. Partners against..

In 1984 the Keith Committee looked in detail at the investigation and prosecution work of Customs and Excise and concluded that no substantive change was needed. However, recent questions over the conduct of Customs investigations, and litigation relating to the seizure of assets, following incorporation of the European Convention on Human Rights into UK law, suggest that its findings may not stand. Gavin McFarlane of Dechert and London Guildhall University reports.

Insider trading has proved extremely difficult to prosecute successfully in the UK. The Financial Services and Markets Act 2000 seeks to remedy this by means of a new civil offence of market abuse. In July the Financial Services Authority issued a Draft Code of Market Conduct which seeks to clarify the scope of the new offence. Michael Grant of London Guildhall University reviews the regulator’s approach.

Investigators will be able to inspect tax records, and accounts held at banks, building societies and credit agencies when there is a reasonable suspicion of benefit fraud under a new social security fraud bill announced in the Queens’ speech..

An explosion in fraud, especially the piracy of recordings and computer software, is part of the continuing criminalisation of the Ukrainian economy. Mark Galeotti, director of the Organised Russian and Eurasian Crime Research Unit at Keele University, considers the problem.

The key to effective fraud investigation is efficient organisation of data and information and the ability truly to analyse and understand the meaning hidden within it. In this article, Steve Cullis, analytical specialist at i2 Ltd, explores how you can get the most out of your inquiries by using investigative analysis software.

Over the last 12 months five US agencies and consumer protection organisations from 23 states and nine countries have brought 251 enforcement actions against online fraudsters in “Operation Top Ten Dot Cons”. The target top ten was..

Senior executives at dotcom companies are four times more likely to have “unsavoury backgrounds” than top managers in other industries according to research by Kroll Associates. The business intelligence and investigations firm carried..

A force of 80 specialist investigators is to be recruited as part of a UK£25 million programme to combat cybercrime, including “paedophilia, fraud, extortion and hacking”, Jack Straw, the Home Secretary, announced in mid-November...

Keith Nuthall, in Brussels, and Alan Osborn, in London