27th October 2016
The U.S. Department of Justice has charged 61 people and entities with conspiracy and fraud over a scam that involved phone calls from people pretending to be from the IRS or other government agencies. The conspiracy defrauded at least 15,000 people of more than $300 million, the U.S. government says. Read More
27th October 2016
A New York lawyer has been criminally charged with failing to report to the Internal Revenue Service more than $3 million of fee income from tax shelter and other transactions he handled at the law firm Herrick Feinstein, where he led the tax practice. According to an indictment made public… Read More
27th October 2016
The research which surveyed SME business owners and managers, exposes the previously hidden scale of losses sustained by small businesses.  Nearly one in five business owners and managers whose companies were hit by scams admitted they did not alert authorities after unearthing suspicious or fraudulent activity. Two thirds of… Read More
26th October 2016
The director of the Serious Fraud Office (SFO) has said it is crucial for the office to retain its independence and spoken out against being merged into the National Crime Agency. David Green was giving evidence at a justice committee hearing into the work of the SFO. Asked whether he… Read More
26th October 2016
More than 85 per cent of UK managers are involved in international bribery on a monthly basis, according to research from Henley Business School. The 12-year inquiry, based on intimate conversations with over 900 business leaders, further reveals that 80 per cent of board-level executives admit to being aware of the… Read More
26th October 2016
The U.S. government on Tuesday told banks to include details about cyber attacks when filing mandatory reports on fraud and money laundering, saying that will help battle digital crimes that pose “a significant threat” to the U.S. financial system. The U.S. government has long required… Read More
25th October 2016
South Africa’s Finance Minister Pravin Gordhan faces a tough balancing act on Wednesday when he unveils a midterm budget meant to boost the sickly economy and show his looming fraud case is not distracting him. Gordhan has said he plans to reduce government spending, raise taxes and cut the budget… Read More
24th October 2016
Three Kent men including accountant Aquil Ahmed have been jailed after a two-and-a-half year payroll fraud that saw them steal £6.9m of UK taxes Ahmed, 60, conspired with construction services director Victor Shearer, 43, and payroll administrator Christopher Azzopardi, 37, to take VAT, Income Tax, National Insurance Contributions and Construction… Read More
24th October 2016
Ireland’s cybersecurity conference, Dublin Info Sec 2016, will be coming to the RDS Dublin on November 15th. At the conference, private and public sector cybersecurity expert panels will address IT security topics including the threat of ransomware, human factors in cybersecurity and Ireland’s cyber resiliency, crucially, highlighting IT security tools… Read More
21st October 2016
The China Securities Regulatory Commission said Friday it’s investigating six companies over alleged wrongdoings related to initial public offerings and disclosures. Longbao Ginseng & Antler Co., which is applying for a listing, is among the companies, the CSRC said in a statement posted on its official Weibo account. The five… Read More