What critical strategic considerations are essential for success in a complex fraud investigation or asset recovery? 1. Where is the documentation/information I need? Understanding where documentation is held, what form it is in, the ability to acquire it (whether provided at source, for example, in internal investigations, or if it has to be obtained through […]
Below Lawyer Monthly hears from Nicola Sharp, of award-winning business crime solicitors Rahman Ravelli, who explains why recent fraud statistics cannot be ignored by anyone in business who wants to prevent it happening to them. It appears that we may be in the midst of an epidemic of fraud cases coming to court. Research carried […]
At companies and institutions around the world, pensions are collapsing and vulnerable consumers are paying the price. Lloyds Banking Group, for example, is in the midst of a multi-million dollar lawsuit that alleges that women received fewer benefits than their male counterparts. At the same time, Future Income Payments, a private pension fund based in […]
Yesterday, The Court of Appeal overturned a controversial ruling by the High Court from May 2017, which threatened to have significant implications for companies carrying out internal investigations. At issue were documents generated during an internal investigation conducted by Dechert LLP, led by partner Neil Gerrard, that was first triggered by a whistleblower email. In […]
With ongoing discussions around the SFO's operations, expert journalist & noted legal commentator, Dominic Carman, provides Lawyer Monthly with an outlook on the SFO's own whistleblowing procedure, citing some concerns that in his opinion must be addressed. The Serious Fraud Office welcomes whistleblowers. That is the message featured prominently on the front page of its […]
The Commodity Futures Trading Commission (CFTC) recently announced its largest whistleblower award to-date in a commodity fraud case. According to the Commission, it issued “an award of approximately $30 million to a whistleblower who voluntarily provided key original information that led to a successful enforcement action.” “This is a major breakthrough for whistleblower protections. The […]
There have always been fraudsters and thieves, but Pensions Freedoms, which came into force April 2015, may have made it easier for scammers to prey on the unwary looking for higher rates of return on investments. This is according to Geoff Bouchier, Managing Director at Duff & Phelps, the global advisor that protects, restores and […]
Following previous news that Danske Bank has been reprimanded for weak AML controls by Danish regulators, this week’s featured analysis comes from global banking expert, Robert Lyddon. Below Robert compares the penalties imposed on major Western banks with the treatment of smaller, non-systemic banks, and suggest that the current regulatory environment is governed by an […]
Below Neil Williams, of business crime solicitors Rahman Ravelli, considers the EU’s latest efforts to tackle fraud in its budget. With quite a fanfare, the European Union has announced that is has found money to help member states tackle EU budget fraud. The new EU Anti-Fraud Programme will provide €181m to support the fight against […]
FIFA, soccer's ruling body, is trying to shake off an image of corruption, but the investigations continue thanks in large measure to a now-deceased American whistle-blower. Bloomberg QuickTake explains how it happened.
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