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Deloitte fined record £15m over ‘serious and serial failures’ in Autonomy audit

Deloitte has been ordered to pay a record £15 million fine for “serious and serial failures” in its audit of Autonomy, the British software company at the centre of one of the country’s largest civil fraud cases. The accounting firm and two of its former partners were found by a… Read More

US moves to seize $330m of alleged 1MDB assets held by UK law firm

The US Department of Justice (DoJ) has moved to seize $330m (£256m) held in the bank account of a major London law firm which prosecutors allege is derived from the proceeds of one of the world’s largest financial frauds. The DoJ has filed civil forfeiture proceedings against funds… Read More

Short-seller sets spotlight on a ‘second German Wirecard scam’

The short-seller that warned about the Wirecard scandal has targeted a second German listed business, this time claiming more than 1,400 British small business owners have fallen prey to an alleged leasing scam. Viceroy Research has published a report that claims Grenke, a finance group that lends to small and… Read More

15th September 2020

Sim-swap fraud is on the rise. How can you stop it happening to you?

When the Twitter account of its own chief executive, Jack Dorsey, was taken over by hackers last year, a stream of tweets with racial slurs, profanity and praise for Adolf Hitler were posted for 30 minutes. Weeks later, the food writer and campaigner Jack Monroe lost £5,000 from… Read More

15th September 2020

Malta: Vitals investor chases Steward for $5 million in London courts

Steward Healthcare is facing a $5 million claim in a London court from an American investor who loaned Vitals Global Healthcare millions in their initial bid to obtain the controversial hospitals privatisation in Malta. A London court will allow Steward to defend its case against the claim made by medical… Read More

14th September 2020

FCA Dropped Half of Its Criminal Money Laundering Cases in 2020: FT

The UK’s Financial Conduct Authority (FCA) has dropped half of its criminal probes into alleged violations of money laundering rules since the beginning of the year and has yet to bring a single prosecution of the crime, the Financial Times reported Monday. Citing data obtained via a freedom of… Read More

Anguilla, popular Panama Papers tax haven, slips in transparency ranking

11th September 2020

Michael Jordan, Sandra Bullock and Paris Hilton holiday there. Justin Timberlake and Janet Jackson wrote lyrics about it. But, last week, the Caribbean island of Anguilla drew attention for other reasons. The paradisiacal tax haven slipped further down a key global transparency index, according to a new report by… Read More

10th September 2020

Regulators investigate elite London law firm Mishcon de Reya

One of the UK’s most prestigious law firms is being investigated by regulators who have spent at least two years examining it, sending investigators into its central London offices. The Guardian has established that the Solicitors Regulation Authority (SRA) is conducting a complex investigation into Mishcon de Reya, involving… Read More

9th September 2020

U.K.’s Serious Fraud Office Charges Former Executives of G4S Subsidiary

The U.K.’s Serious Fraud Office on Tuesday filed fraud charges against three former executives of a subsidiary of security-services company G4S PLC. The former executives of G4S Care and Justice Services (UK) Ltd. made false representations to the U.K.’s Ministry of Justice in a multiyear scheme to defraud the… Read More

9th September 2020

Nigeria’s Malabu Oil Scandal: FG Re-Arraigns Aliyu Abubakar On 67-Counts Charge

The Federal Government on Tuesday re-arraigned an oil magnate, Aliyu Abubakar, and seven others on a 67-count criminal charge over their alleged involvement in the disputed Oil Processing License (OPL) 245 otherwise known as Malabu Oil. Abubakar was in July arraigned on a 48-count criminal charge bordering on money laundering,… Read More

8th September 2020

£18m London homes of family ‘linked to autocrat’

The family of a Belarusian businessman believed to have links to President Lukashenko have bought London property worth millions of pounds through a web of offshore companies, The Times can reveal. Vladimir Peftiev, one of Belarus’s richest men and the former head of an arms company, has appeared in television… Read More

8th September 2020

How to run a criminal network in a pandemic

“Promo Offer!” flashed up the advertisement on a Scottish vendor’s WhatsApp story, offering a discount on your next purchase if you referred five more customers. The updated price list offered further discounts for bulk buys. There was also a reminder to get orders in early, as, because of lockdown restrictions,… Read More

8th September 2020

Border officials find more than £1m hidden in trucks at Dover

Border officials have found more than £1 million hidden inside two lorries trying to leave the UK. The money was found concealed inside the refrigerated motor housing of both vehicles at Dover’s Eastern Docks on Friday. The National Crime Agency (NCA) said Border Force officers stopped the first… Read More

Must Read

Deloitte fined record £15m over ‘serious and serial failures’ in Autonomy audit

Leaked EU draft proposes all-encompassing laws for crypto assets

US moves to seize $330m of alleged 1MDB assets held by UK law firm

Suspected arms dealers moved millions in Somali money transfers, report says

US imposes sanctions on Iranian intelligence, Hezbollah-linked targets in Lebanon