Today is the implementation date for the fourth EU Money Laundering Directive (MLD4); time to see if preparations are up to scratch or whether a flurry of FCA fines will be issued. John Marsden, Head of ID and Fraud at Equifax had this to say. The rise in high profile fines for failing to maintain […]
The FBI are investigating Bernie Sanders, former Democrat Presidential Candidate and Independent Senator from Vermont, and his wife, Jane Sanders, for bank fraud. According to CBS News, Senator Sanders and his wife have both called on attorneys to represent them during this probe, which has been ongoing since 2016, but kept hush. During an interview in […]
After a five-year investigation, the SFO announced that it has charged Barclays PLC and four former executives with conspiracy to commit fraud and the provision of unlawful financial assistance. The SFO charges relate to the bank's fundraising at the height of 2008's financial crisis; when it entered into funding arrangements with Qatar. Former chief executive […]
Once the Head Coach of Spanish football team Real Madrid and now of UK based Manchester United, Jose Mourinho has been accused of tax evasion fraud by Spanish authorities. The accusations are in relation to his time as head coach at Real Madrid, where he allegedly defrauded Spain of €3.3m (£2.9m; $3.6m) in tax payments […]
The SFO has charged Barclays, its former CEO and three other former top executives with fraud pertaining to the funding of billions of pounds from Qatar during the 2008 financial crisis. The bank’s shares fell 0.5% on the news. There have not been any other charges or investigations in regard to the financial crisis, but […]
With the 4MLD coming into action on 26th June 2017 Aziz Rahman, Senior Partner at corporate fraud solicitors Rahman Ravelli has provided Lawyer Monthly with his comments on how businesses across the UK need to remain vigilant and inform themselves about the risks of a Money Laundering Investigation. Corporate fraud legal firm Rahman Ravelli has advised […]
Here John Burgar, Head of Investigations at RGL Forensics, talks to Lawyer Monthly about the current work of the Serious Fraud Office (SFO) in the UK, and the current government agendas for confronting fraud crimes across the nation. The Conservative Party’s election manifesto unveiled their plans, if successful on 8th June, to incorporate the Serious […]
A new report from the Center for Immigration Studies analyzes the fraudulent abuse of the "credible fear" process by aliens seeking to enter or remain in the United States, fraud made possible by weaknesses in the US asylum system, resource constraints, and evidentiary limitations. Already more susceptible to exploitation by terrorists than the refugee process […]
In recent weeks, major supermarket chain Tesco found itself penalised after a two-year probe carried out by the Serious Fraud Office (SFO), resulting in an agreement to pay a fine of £129 million for overstating profits in 2014. The shock admission by the leading retailer revealed that it had identified an apparent £250 million overstatement […]
There is a sharp drop in the amount of the public expressing concern about identity theft, according to a new survey conducted for Chartered Professional Accountants of Canada (CPA Canada). Two-thirds (66%) of the respondents agree that they are concerned about identity theft but the number is significantly down from 74% in 2016. At the […]
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