- Home/Publications/Fraud Intelligence
One basket for the rotten eggs
Nigel Iyer, used to work as a chartered accountant but for over 15 years has worked passionately with organisations to tackle fraud and corruption, especially through prevention. He is a director in the Hibis Group (www.hibis.com) and may be contacted on email at nigel.iyer@hibis.com. His book “Fraud and Corruption - Prevention”, and the Management Novel “The Tightrope – A story of fraud and corruption…”, coauthored with Martin Samociuk has just been published by Gower in December 2006, priced £60. A discount of 25% is available for readers of Fraud Intelligence.
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
Look behind you
The UK National Health Service, as the world’s third largest employer (after the Chinese Army and Indian Railways), presents a clear target for financial criminals. The organisation’s Counter Fraud Service believes strongly that ‘prevention is better than cure’ and background checks of those who would work for or with the NHS are a fundamental part of the treatment as Kieron Cotter
explains.
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
One-way ticket
US prosecutors no longer need to provide evidence of criminality when seeking extradition of British citizens to stand trial for fraud. How has this state of affairs been reached and how can it be justified, ask Jeremy Summers
and Thomas Garner
of Russell Jones & Walker.
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
Networking: data-linked defence
Fraud detection systems that seek to identify criminal groups commonly employ data mining and link analysis tools. Imam Hoque
of Detica explains how their combined use in conjunction with Social Network Analysis is able to provide a still stronger response.
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
Monitoring an surveillance – lessons from America
The fallout from the Hewlett Packard internal investigation in the US has focussed attention on the extent to which employers can use interception techniques to uncover evidence of wrongdoing. Dorian Drew
and Adam Vause
of Norton Rose consider the complex position in the UK and offer some practical guidance.
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
A balancing act – the year in view
This year has seen a number of important decisions, writes Charlotte Digby
of Eversheds, which will affect how many civil fraud cases are handled in the future. The cases generally seem to have at their core the courts’ desire to act in the wider public interest. Despite the courts’ continued willingness to assist the victims of fraud, they will not do so at the expense of the wider financial services community.
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
Up to their tricks
Robert Hunter is Head of the Trust, Asset Tracing and Fraud Department at Allen & Overy LLP. He may be contacted on tel: +44 (0) 20 3088 0000; email: robert.hunter@allenovery.com Reporting by Timon Molloy.
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
Chinese garlic smuggling probed by OLAF
European Union (EU) anti-fraud unit OLAF is investigating garlic smuggling by Chinese suppliers, with low production costs and high EU duties generating high illegal profits. OLAF claims €60 million in duties are being lost, with only meat (of..
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
Counterfeiters target household goods says report
The European Commission has reported a fall in seizures of counterfeit goods by European Union (EU) customs authorities, with the number of articles seized in 2005 standing at 73% of 2004 numbers, although the final 2005 tally was still 75 million...
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
Marta Andreasen attacks Commission accounts claims
Marta Andreasen, former chief accountant of the European Commission, who was suspended in 2002 and later sacked for publicly exposing failures and weaknesses in the European Union’s accounting system, says the Commission’s latest..
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
EU Court of Auditors challenged by Lords and Kallas
The European Court of Auditors’ 12th annual refusal to give the European Union’s (EU) accounts a complete positive assurance has sparked criticism this year, with both EU anti-fraud Commissioner Siim Kallas and – surprisingly..
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
Another false dawn – where now with the Fraud Review?
by Oleg Vukmanovic
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006
Fraud enters statute book, corruption bill lapses but new move for trials without jury
The Fraud Act 2006
, which received royal assent on 8 November, creates for the first time a criminal offence of fraud in English law. A person may commit fraud in one of three ways: by dishonestly making a false representation, by dishonest failure..
Online Published Date:
01 December 2006
Appeared in issue:
Dec 2006/Jan 2007 - 01 December 2006