Many of the Serious Fraud Office’s ongoing cases seem to see no end and the future of the organization as a whole is still in debate. With recent upheaval at the SFO in both the directorship and their funding arrangement, Dominic Carman, noted legal commentator, discusses the current situation and the overall effectiveness of the […]
Media is rife that Nirav Modi, an Indian billionaire jeweller, has fled India and is now seeking political asylum in the UK, following allegations of a gigantic fraud. Below Rahul Batra of Hudson McKenzie explains how this has led to a chain of similar cases and developed a form of ‘Quit India Movement’ with a […]
Following the London High Court Judgment in the fraud case of Kazakhstan Kagazy Group v Zhunus, Arip and Dikhanbayeva which awarded $300m to Kazakhstan Kagazy, Hugh McGregor, the General Counsel of Kazakhstan Kagazy PLC, outlines the process that his firm followed to uncover and litigate what Lord Justice Longmore described as almost the 'perfect' fraud. […]
Alison Horner, VAT partner at MHA MacIntyre Hudson, explains the implications of the new HMRC Fulfilment House Due Diligence Scheme (FHDDS), launched on 1 April 2018. “This is a crackdown on certain non-EU businesses which are avoiding VAT regulations and flooding the UK market with cheap, often fraudulent, online goods. This avoidance of the rules […]
Cybercrime is a growing concern. Hackers and criminals have taken opportunity to use technological advances to gather sensitive information on you, me and anybody. And over time we have seen big companies fall victim to such attacks; Uber, T-Mobile, Equifax and even Pizza Hut, have been victims of vicious cyberattacks, causing an uproar and individuals […]
Last Wednesday, the SEC charges Elizabeth Holmes with fraud. Holmes is the CEO of Theranos, a medical company that misrepresented its technology while raising money from investors.
Dennis Miralis has acted in some of Australia’s most complex fraud matters involving global financial institutions and has advised multinational banks and corporations on the practice and procedure of investigations focusing on fraud and money laundering. He speaks with Lawyer Monthly on changes occurring in Australia to prevent economic fraud, especially with the rise of […]
SFO specialist journalist Dominic Carman here discusses with Lawyer Monthly the SFO's dire need for new leadership. Discussing the current handover of authority within the organisation, Dominic also touches on the prospects of criticism surrounding the SFO in the near future. Alongside the bankers, lawyers and wealthy business men, no one from the Serious Fraud […]
The total value of fraud has risen 538% to £2.11bn in the last 15 years and is up 6.5% from £1.99bn in 2016, according to new research from BDO LLP. When it comes to type of fraud, BDO’s FraudTrack report found 550 cases of UK fraud were tax-related and the reported value of these cases […]
The European Commission has recently published a series of recommendations for Member States on how to better work together towards better direct tax and VAT collection for national budgets. It’s calling on Member States to continue working together for more efficient tax collection and to better fight tax fraud and avoidance. In particular, the results […]
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