off

National Economic Crime Centre partners’ Action Day targets city money laundering

A day of action by National Economic Crime Centre (NECC) partners will target money service businesses (MSBs) at risk of being used by criminals to launder money. Officers from Her Majesty’s Revenue & Customs (HMRC) and the City of London Police will visit every MSB in...
Posted On 17 Feb 2020
off

Fraudsters targeted in Project OTELLO national law enforcement campaign

The National Economic Crime Centre (NECC) in collaboration with the City of London Police is spearheading a campaign targeting fraudsters responsible for duping members of the public and businesses out of billions of pounds. The campaign, named Project OTELLO, also involves...
Posted On 05 Feb 2020
off

HMRC aims to recover £612 million in underpaid tax relating to R&D tax reliefs

According to accountancy and business advisory firm BDO LLP, Her Majesty’s Revenue and Customs (HMRC) has estimated that businesses have incorrectly claimed £612 million in relation to R&D tax reliefs*. The high level of tax under dispute – described by HMRC as ‘tax...
Posted On 08 Nov 2019
off

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
off

Mitie selected to provide technology-led nationwide security services for HMRC

Mitie has been chosen to provide technology-led security services to Her Majesty’s Revenue and Customs (HMRC). Covering a five-year period, the contract marks the first time that HMRC has combined all of its security services under one national provider. The move to a single...
Posted On 23 Sep 2019
off

“Businesses face HMRC crackdown on money laundering” warns DSR Tax Claims

Those companies required to adhere to strict anti-money laundering (AML) regulations have been advised to check their procedures and improve where necessary after HMRC handed down its largest fine to date to a London money services business for failures in its anti-money...
Posted On 10 Sep 2019
off

Revenues burgeon by impressive 10.9% at risk advisory business Deloitte

Risk advisory business Deloitte in the UK and Switzerland has increased revenues by an impressive 10.9% in the year ended 31 May 2019 from £3.58 billion in 2018 to £3.97 billion as the firm continues to invest in each of its businesses and in its people.  Richard Houston, UK and...
Posted On 29 Aug 2019
off

Cyber association recognised by HMRC as Approved Professional Organisation

(ISC)2 – the world’s largest non-profit membership association of certified cyber security professionals –  has been granted Approved Professional Organisations and Learned Societies status by Her Majesty’s Revenue & Customs (HMRC), the UK’s tax, payments and customs...
Posted On 31 Jul 2019
off

SIA and HMRC join forces to crack down on exploitation of security workers

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...
Posted On 17 Jul 2019
off

Cyber strategy update from NCSC details how UK intelligence thwarts attacks

A scam designed to defraud thousands of UK citizens using a fake e-mail address spoofing a UK airport was one of a wide range of cyber attacks successfully prevented by the National Cyber Security Centre (NCSC), a new report has revealed. That criminal campaign is just one Case...
Posted On 17 Jul 2019