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22% of banks in UK “not taking advantage” of FCA-approved background checks

BDO has stated that banks are concerned any failures during their due diligence process may potentially expose them to huge Anti-Money Laundering (AML) fines even if the process is fully compliant. Concerns over money laundering penalties mean that 22% of banks in the UK are...
Posted On 24 Jul 2019
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BDO FraudTrack: “Total value of reported fraud hits five-year high at £2 billion”

The total value of reported fraud in 2016 hit a five-year high, increasing by 31.5% to reach a level of £2 billion. Despite this hike outlined in the latest BDO FraudTrack analysis, which examines reported fraud cases in the UK valued at over £50,000, the number of reported cases...
Posted On 17 Jan 2017
George Quigley: joining the Cyber Security Practice at KPMG
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George Quigley joins KPMG to bolster firm’s rapidly expanding Cyber Security Practice

George Quigley has joined KPMG as a partner to bolster the company’s rapidly-growing Cyber Security Practice. The appointment comes on the back of Ken Hall joining the Practice as a partner in February this year. Quigley takes up this role after moving from BDO where he was...
Posted On 27 Apr 2015
BDO's latest FraudTrack survey shows that the volume of fraud in the UK is now at its highest level for 12 years
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BDO UK FraudTrack report reveals highest volume of fraud for over a decade

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...
Posted On 18 Feb 2015