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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
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Banking industry halts £4.5 million of fraud per day in first half of 2019

The finance industry prevented £820 million of unauthorised fraud in the first half of 2019, which is up 14% on the previous year. That’s according to the latest figures from UK Finance. This is equivalent to £2 in every £3 of attempted unauthorised fraud being stopped, o...
Posted On 26 Sep 2019
Syedur Rahman
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Free Ports and Brexit: Examining the Money Laundering Risk

New Prime Minister Boris Johnson has talked of the possible value of free ports to a post-Brexit UK, but Syedur Rahman warns that concerns about money laundering and other financial crime must be considered. Boris Johnson’s “do or die’’ approach towards taking Britain out of the...
Posted On 28 Aug 2019
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“Unchecked conflicts of interest and ‘austerity’ fuelling corruption risks” states Fraud Advisory Panel

Domestic corruption risks in areas such as business, education, local Government and elections are neglected and poorly understood because officials focus on bribery overseas. This is the warning given by the Fraud Advisory Panel in its new report entitled ‘Hidden in Plain...
Posted On 04 Jul 2019
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NCA secures Unexplained Wealth Orders for prime London property worth “tens of millions”

Three Unexplained Wealth Orders (UWOs) have been secured as part of a National Crime Agency (NCA) investigation into London property linked to a politically exposed individual believed to be involved in serious crime. The UWOs, which were obtained at the High Court last week, are...
Posted On 29 May 2019
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Security Minister launches all-new Serious and Organised Crime Strategy for Wales

A strategy designed to protect communities from the threat of serious and organised crime has been launched in Wales by the UK Government, in turn building upon successful collaboration between law enforcement, charities and the Welsh and UK Governments. Ben Wallace, the...
Posted On 09 May 2019
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National Crime Agency reveals detail underpinning new UK Protected Persons Service

The National Crime Agency (NCA) has announced the creation of the new national UK Protected Persons Service. The move will see protected persons units, which are based in a network of regional organised crime units (ROCUs), come under the leadership of the NCA for the first time....
Posted On 02 Apr 2019
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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
Chris Bostock
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Chris Bostock joins risk advisory specialist Deloitte as financial crime practice director

Risk advisory business Deloitte has appointed Chris Bostock as a director within the company’s financial crime practice. With over 15 years’ experience, Bostock joins from the economic crime team at the National Crime Agency (NCA) where he was the threat lead for money...
Posted On 20 Feb 2019
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Government’s Counter-Terrorism and Border Security Bill receives Royal Assent

New laws affording the UK greater powers to crack down on hostile state activity have received Royal Assent. The Counter-Terrorism and Border Security Act 2019 also ensures sentencing for certain terrorism offences can properly reflect the severity of the crimes, as well as...
Posted On 14 Feb 2019