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 […]
With ongoing controversy surrounding the SFO's conduct in the Libor trials - particularly around the use of an expert witness that turned out to be texting individuals outside the court to clarify basic points - below noted legal commentator Dominic Carman delves deep into the matter. The Court of Appeal have raised serious concerns about […]
The 2017 UK National Risk Assessment of Money Laundering and Terrorist Financing (NRA) highlighted the money laundering risks faced by legal firms, over 10,000 of which now have fewer than ten employees. Donald Toon, Director of Economic and Cyber Crime at the National Crime Agency (NCA), explains why that means that every individual counts in […]
The Serious Fraud Office has had a good year, or so its advocates would suggest. In 2017, two deferred prosecution agreements made by the SFO with Rolls-Royce (£479.25m) and Tesco (£129m) delivered more than £600m in fines for the UK Treasury. The fact that no-one has yet gone to prison for the crimes committed by […]
Criminals are working to out-do authorities on all levels, and one of the most common types of crime is fraud. This is because most of the time it happens right under your nose and before you know it, it's too late. Here Azizur Rahman, Senior Partner at corporate fraud solicitors Rahman Ravelli, talks to Lawyer Monthly about […]
SFO specialist journalist Dominic Carman here discusses with Lawyer Monthly the SFO's announcement of its annual report at the Cambridge Symposium on Economic Crime. Dominic argues that income generated should not be what we base the SFO's success on, rather we should be pushing the SFO to achieve convictions that result in serious fraudsters going […]
A new study examining the security practices of law firms has found that only one organisation out of the top 100 UK firms, Walker Morris, has sufficient measures in place to fully protect against email fraud. With the threat of phishing attacks increasing by 65% in 2016, this revelation serves as a stark warning to […]
Expert journalist Dominic Carman here provides Lawyer Monthly with an overview of the “false picture” he claims is being portrayed in regard to the country’s battle against serious fraud, shedding light on the true scale of the UK’s fraud problem, and touches on the increasing and ongoing uncertainty surrounding the SFO’s future. The Serious Fraud […]
Online gaming, online gambling and eSports are increasingly present across the UK, as well as across the rest of the world. This this creates ample space for illicit activity, betting and cheating. So what are the rules in today’s modern day? Andrew Tait, Partner at Gordon Dadds, has some answers. What is eSports and Skill […]
Here Richard Grint, financial services expert at PA Consulting Group warns firms to start acting now to implement a framework that will monitor and mitigate risks of the new tax evasion fines to be implemented by HMRC this month. Firms need to start acting now to implement a framework that will monitor and mitigate risks. […]
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