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Fighting Fraud 

 

The Fighting Fraud website brings together information and thought leadership on fraud and related topics, creating a regularly updated source for analysis and comment on current issues in this area.

 

Recent articles

Consumer Credit 

June 2014

Read a summary of key findings from the Report on the effectiveness of existing arrangements for workplace whistleblowing in the UK.

 


Consumer Credit 

April 2014

The Financial Conduct Authority (FCA) assumed responsibility for regulating consumer credit on 1 April 2014.

 


Account takeover fraud 

March 2014

Russian and UK organised crime gangs are using Trojan software and cloned SIM cards to withdraw funds from thousands of bank accounts. That’s according to the National Fraud Intelligence Bureau (NFIB).

 


Countering virtual currency money laundering 

January 2014

Virtual currencies have been around for many years, but recent industry evolutions through the rise of Bitcoin and other forums have created a growing regulation gap.

 


Cross-border Investigations 

January 2014

Conducting cross-border investigations is complex. Add legal and cultural differences and you have a huge challenge facing global corporations today.

 


Financial Conduct Authority 

December 2013

The Financial Conduct Authority (FCA) has published a report on money laundering, bribery and corruption risks in the asset management sector.

 


Focus: Conflict Minerals – Time To Act 

October 2013

Regulatory supply chain requirements look set to increase, which makes the importance of having a flexible and institutionalised process all the more critical. Any company supplying an SEC registrant is already affected, irrespective of where they are and the signs show conflict mineral reporting will extend beyond the US in future.

 


Shady business partners pose serious risk 

October 2013

A report into corporate intelligence background searches has revealed troublemaking directors are targeting business in the financial, nergy and technology sectors.

 


Latest Fraud Barometer

Latest fraud news

U.K. Proposes New Laws to Criminalize Energy-Market Rigging

 

The U.K. plans to make rigging of energy markets a criminal offense, imposing penalties of up to two years in prison for price manipulation, according to proposals by Energy and Climate Change Secretary Ed Davey. Fixing wholesale gas and electricity prices or using insider information to buy or sell energy products would become a crime under the proposed laws, the Department of Energy and Climate Change said in an e-mailed statement. 

 

 
F1 boss Bernie Ecclestone to pay £60m to end German bribery trial

 

The Formula One boss, Bernie Ecclestone, is to make a $100m (£60m) payment to end his trial on bribery charges, a district court in Munich has confirmed. Ecclestone, 83, went on trial in Munich in April over allegations that he bribed a former German banker as part of the sale of a major stake in the motorsport business eight years ago.

 

 

Former Anglo Irish Bank directors face fraud charges

 

Two directors of the former Anglo Irish Bank are to stand trial for alleged fraud over an 8m Euros (£6.4m) loan arranged for one of them. The former bankers are charged with arranging a loan for Mr McAteer, a director, secured against shares he held in Anglo.

 

 

GlaxoSmithKline faces fresh drug bribery claims in Syria

 

GlaxoSmithKline faces new allegations that it bribed Syrian doctors and officials to boost sales of its medicines, following recent accusations of corruption in its non-prescription business in the country. The latest charges are laid out in an anonymous email sent to the company's top managers last week and seen by Reuters.