Speaking at the American Bar Association’s (ABA) Annual White Collar Crime Conference in central London earlier this month, Serious Fraud Office (SFO) director Lisa Osofsky again talked of using covert surveillance as part of her agency’s investigations. However, Neil Williams explains why he has doubts…
Tag:
Tax Fraud
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Last week, from 10-12 July, the Security Industry Authority (SIA) and HMRC carried out joint operations in London, Cardiff and Newcastle to identify illegal working practices and tax fraud in the private security industry. Teams attended 65 venues and spoke to over 100 security operatives to…
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The Department of Justice in Northern Ireland is inviting public sector bodies, voluntary and community sector organisations alike to bid for a share of the £700,000 fund made available from recovered criminal assets to help in crime prevention or help reduce the fear of crime…
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A Gloucester-based security services company director, who was jailed for stealing almost £500,000 in tax, must now pay back the sum of £67,424 or face another two years in jail and still owe the money. Jonathan Schofield, 32, of Kingsway in Gloucester, and the director…
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HMRC and the Security Industry Authority (SIA) have agreed on a new partnership specifically designed to tackle incidents of tax fraud in the private security industry. Both organisations have been working together to identify problems in the sector, including businesses abusing employment rules, running up high…
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Security company director under lock and key following HM Revenue and Customs investigation
by Brian SimsThe director of a Gloucester security services company who stole almost half a million pounds in tax has been jailed for three years after an investigation conducted by Her Majesty’s Revenue and Customs (HMRC). Jonathan Benjamin Schofield, 32, of Staxton Drive, Kingsway in Gloucester was…
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“Fraud costing UK’s economy £193 billion per annum” reveals Annual Fraud Indicator 2016
by Brian SimsAccording to a new report, the annual cost of fraud in the UK could be as high as £193 billion per annum. This assertion dwarfs previous estimates produced by the UK Government which put the figure at around £50 billion back in 2013. The Annual…
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BDO FraudTrack: “Total value of fraud more than doubles to reach highest level since 2011”
by Brian SimsThe latest BDO FraudTrack report shows that the total value of reported fraud in 2015 was £1.5 billion, representing an increase of 110% from the previous year and the highest value recorded since 2011. The FraudTrack report, which examines reported fraud episodes over £50,000 in the…
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The latest BDO FraudTrack report shows that the total value of fraud in 2014 was £720 million, representing a decrease of 31% from the previous year and the lowest value since FraudTrack started in 2003. However, the latest FraudTrack report – which examines all reported…