Inspectorate says UK government must fund SFO to pay staff market rate
Fraud Intelligence
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2d ago
The UK government must boost the Serious Fraud Office budget if it is to attract and retain qualified staff and avoid the failings, notably in disclosure, identified in recent reviews of the agency, says the HM Crown Prosecution Service Inspectorate (HMCPSI ..read more
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Untrue to type – fraudster traits
Fraud Intelligence
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5d ago
Are there tell-tale and fail-safe signs of future, or current, dishonesty on which we can rely? Paul Cochrane and Keith Nuthall go in search ..read more
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Crypto criminals netted US$24.2 billion in 2023, says Chainalysis
Fraud Intelligence
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5d ago
Crypto criminals netted at least US$24.2 billion worldwide in 2023 from scams, hacking, ransomware and other illicit uses of cyberspace, according to preliminary findings by American blockchain consultants Chainalysis ..read more
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US DoJ launches fraud disclosure for immunity programme
Fraud Intelligence
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5d ago
The US Department of Justice (DoJ) has launched a self-disclosure programme, offering some fraudsters immunity from prosecution if they own up to their wrongdoing before they are caught ..read more
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Call for audit of UK defence ministry links to bribery for Saudi contracts
Fraud Intelligence
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5d ago
Campaign groups Spotlight on Corruption and Transparency International UK are calling for Britain’s National Audit Office (NAO) to probe the country’s Ministry of Defence (MoD) involvement in a British-Saudi bribery scandal ..read more
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Is enforcement of foreign arbitral awards safe against fraud?
Fraud Intelligence
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5d ago
A novel and audacious fraud on the English courts has recently come to light, after a purported Kuwaiti arbitration award that a High Court judge ordered to be enforced was revealed to be an “out-and-out fabrication”. Neil Newing of Signature Litigation examines the case and potential holes in the arbitral enforcement process ..read more
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Trafigura fined US$127 million in USA for Brazilian oil company bribes
Fraud Intelligence
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5d ago
International commodity trading conglomerate Trafigura has been fined almost US$127 million in a US court after admitting to bribing officials at Brazilian state oil company Petrobras, between 2003 and 2014, to gain and retain business, violating the USA Foreign Corrupt Practices Act (FCPA ..read more
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UK concerted police operation against fraud makes record arrests
Fraud Intelligence
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5d ago
A major UK multi-police force counter-fraud operation has arrested 438 suspects and seized almost UK£14 million (US$17.7 million) in cash and assets ..read more
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EU adopts anti-SLAPPs directive
Fraud Intelligence
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5d ago
The European Union (EU) has approved a directive that will restrict the use of so-called ‘strategic lawsuits against public participation’ (SLAPPs), where rich individuals bring legal cases to silence critics or prevent journalists investigating wrongdoing ..read more
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Combined strength – class actions
Fraud Intelligence
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5d ago
Litigation is expensive so it makes sense for fraud victims to pool resources and/or pursue resolution on a contingency fee basis. Keith Nuthall examines current class suit trends and recent standout cases ..read more
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