United Kingdom

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

Whistleblowing – the Commission’s Report 

June 2014

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

 


Chip 

April 2014

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

 


NFIB 

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.

 


 Shady business partners pose serious risk

January 2014

Computers, rather than conmen, are set to be the future face of fraud as criminals turn to robotics to help avoid detection. According to KPMG International’s Profile of a Fraudster, organisations are set to battle so-called ‘seeker bots’. These are self-learning and self-replicating Artificial Intelligence that will render the faces of criminals invisible.

 


 

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 news

Wonga should be investigated by police over fake letters, Law Society says

 

The Law Society has called on police to investigate payday loan firm Wonga over fake legal letters it sent to thousands of struggling customers. The society also called on the financial regulator to hand over copies of its investigation and for the Solicitors Regulation Authority to investigate the case, saying that the lender could have committed offences including blackmail and deception. 

 

 
Fifa partner CEO Ray Whelan arrested over ticket scam

 

Brazilian police have arrested the chief executive of a Fifa partner company as part of investigations into the illegal sale of World Cup tickets. Police say the gang earned as much as $90m (£52m) per tournament and could have operated at four World Cups.

 

 

Spanish Bright Spot Shot as Gowex to File for Insolvency, CEO Quits on Fake Accounts

 

Let’s Gowex SA, the Wi-Fi provider that was seen as a rare success story of Spanish entrepreneurship, will file for insolvency and said its chief executive officer resigned after admitting he presented fictitious financial accounts for at least the past four years.

 

 

US SEC urges judge to find Texas tycoon Wyly liable for insider trading

 

The U.S. Securities and Exchange Commission on Wednesday urged a judge to find Texas tycoon Sam Wyly and his late brother, Charles, liable for insider trading, after a jury found they committed fraud by using offshore trusts to hide stock sales.