20th January 2017
British companies have reported more incidences of fraud and cyber crime than any other country in the world, behind only Colombia. Read More
18th January 2017
With arrogant disregard for the rules, traders colluded for years to rig Libor, the banks’ lending rate. But after the crash, the regulators were on their trail. Read More
17th January 2017
Chilean confirmed in court via video link that he cheated Spanish taxman out of almost £900,000 during Barcelona spell. Read More
13th January 2017
US prosecutors accused three former London currency traders of arranging a "conspiracy" to rig the foreign exchange markets. Read More
12th January 2017
Anthony Murgio, the operator of Bitcoin exchange Coin.mx, pled guilty this week to one count each of conspiracy to operate an unlicensed money transmitting business, conspiracy to commit bank fraud, and conspiracy to obstruct an examination of a financial institution. If convicted, he could face up to 30 years in prison. Read More
11th January 2017
Prosecutors in the US have accused three former currency traders at major banks of trying to rig foreign exchange (forex) rates in the banking industry. Read More
11th January 2017
The total value of frauds reported increased by just under a third last year to reach a five-year peak, with London remaining a criminal hotspot, figures released today show. Read More
11th January 2017
In June 2015, the European Union’s fourth anti-money laundering directive (“4MLD”) was enacted, with the requirement that all member states transpose the rules into national law within two years. The directive is the EU’s main instrument for preventing the misuse of its financial system by money launderers and supporters of terrorism. Read More
10th January 2017
In what is could be a landmark case, high street bank TSB has compensated a fraud victim on the grounds that it was at fault for allowing a criminal to operate a current account. Read More
10th January 2017
Stefan Cassella of Asset Forfeiture Law, LLC comments on United States v. Burns, which highlighted that a defendant is jointly and severally liable to forfeit proceeds that he did not personally receive if he acted in concert with those who did obtain the proceeds. However, a defendant who acted on his own,… Read More