Finalists announced for inaugural Tackling Economic Crime Awards

The finalists in the inaugural Tackling Economic Crime Awards (TECAs) have been announced. Recognising the valuable contribution in tackling all areas of economic crime, the TECAs showcase the very best companies, individuals and initiatives that the sector has to offer and...
Posted On 03 Oct 2019

“Phantom” security boss who failed to pay staff guilty of 22 counts of fraud

A security boss who ran seven companies under four different identities has been found guilty of defrauding security operatives who worked for him. John Gaines, 72, of Leamington Spa, was found guilty of 22 charges of fraud at Warwick Crown Court on Monday 30 September. Gaines...
Posted On 01 Oct 2019

Companies House reforms “will do more” to safeguard personal data and combat fraud

Companies will be better protected from fraud under new Companies House reforms that “will do more” to safeguard the personal data of business owners and ensure the accuracy of the register. Business Minister Kelly Tolhurst has unveiled a substantial package of...
Posted On 07 May 2019

UK’s fragmented anti-money laundering system “needs re-ordering” warns Treasury Committee

The Treasury Committee in Parliament has just published the unanimously-agreed ‘Report on Economic Crime: Anti-Money Laundering Supervision and Sanctions Implementation’ in which the Committee’s constituent members state that a more precise estimate of the sheer...
Posted On 19 Mar 2019

Government determined to prevent abuse of UK businesses for foreign money laundering

Measures designed to prevent the abuse of a specialised financial arrangement in order to launder dirty foreign money through the UK have been unveiled as part of a package of Government reforms. Scottish Limited Partnerships (SLPs) and Limited Partnerships (LPs) are used by...
Posted On 02 May 2018

£10,000 confiscated from Sightguard Security Ltd director under Proceeds of Crime Act

On Monday 19 February at Portsmouth Crown Court, Victor Lewis (director of Sightguard Security Ltd) was ordered to pay over £10,000 following an order under the Proceeds of Crime Act. The order is the result of the first independent confiscation order under the Proceeds of Crime...
Posted On 22 Feb 2018

Disqualified director of security business handed 18 months suspended sentence

On Thursday 27 July at Kingston Crown Court, Michael Quinton pleaded guilty to acting as a director of Limited Risk Ltd contrary to the Company Director Disqualification Act. The Security Industry Authority (SIA) began investigating Quinton and Limited Risk Ltd, an existing...
Posted On 03 Aug 2017

Security Industry Authority warns of fake security companies asking for advanced fees

The Security Industry Authority (SIA) is warning that there has been a recent increase in adverts for fictitious security companies who advertise security jobs, and then ask for training or licensing fees to be paid in advance. The fraudsters ask for payment to an anonymous money...
Posted On 28 Nov 2016