Jonathan Denton, formerly of US law firm Locke Lord, was convicted of two frauds alongside more than a dozen other individuals.

The multi-year investigation interviewed witnesses from across the UK, Europe, America and the Far East, and examined bank records linked to dozens of individuals and companies, North Yorkshire Police said.

https://www.legalcheek.com/2024/05/ex-city-lawyer-handed-15-year-jail-term-for-role-in-30-million-ponzi-scheme/

Claire Hills, a Director at bennettbrooks, outlines the requirements of the new economic crime legislation.

The Economic Crime and Corporate Transparency Act 2023 (ECCTA) was granted Royal Assent on 26 October 2023. There has been widespread press coverage on some of the other ECCTA provisions such as new Companies House enforcement powers (along with increased filing fees to pay for them), verification of directors’ identity and increased accounts disclosure. However, it also contains a new groundbreaking measure: ‘the Failure to Prevent Economic Crime” criminal offence which will render large companies liable for fraud committed by their employees where the fraud was committed with the intention of benefitting the organisation or those to whom it provides services. We consider the offence and implications for businesses.

An individual has been sentenced to 18 months’ imprisonment for providing a forged document to Financial Conduct Authority investigators.

On May 7, Taheer Sardar pleaded guilty to perverting the course of justice at Southwark Crown Court.

The defendant had been interviewed by the FCA as part of an investigation it was conducting into a boiler room fraud that had defrauded 120 investors of £1.3mn.

Insurance customers are being warned that lying to their provider in an attempt to make some easy money could leave them with big bills or even a criminal record, after a fraud prevention body has seen a jump in bogus claims.

Between 2017 and 2018 there has been a 27% increase in fraudulent insurance claims across the UK, including spikes in the motor and household insurance sectors, Cifas said.

https://uk.news.yahoo.com/finance/news/jump-bogus-insurance-claims-seen-122022583.html

Welcome to the latest edition of Ebury’s Counter Fraud Update. In this edition, we’ll focus on two prevalent threats to businesses: Business Email Compromise (BEC) scams and Authorised Push Payment (APP) fraud.

Understanding these threats and implementing preventive measures are crucial to safeguarding your business assets and reputation.

https://ebury.com/e-blog/blog/ebury_post/business-email-compromise-and-authorised-push-payment-app-fraud/

AI fraud and deepfakes are identified as top challenges for UK banks, according to a new report.

As the digital landscape continues to evolve, AI-generated fraud and deepfakes are emerging as primary concerns, according to Mitek Systems’ latest report, the Identity Intelligence Index 2024.

https://www.digit.fyi/uk-banks-facing-ai-fraud-and-deepfake-challenges/

Brits have been warned to “stay alert for fraud” as more people are out to make extra cash as the cost of living rises across the country.

UK Finance said on Wednesday that more than half (56%) of people admitted that they are likely to look for opportunities to make extra money in the coming months, which could leave some people more susceptible to fraud.

https://uk.news.yahoo.com/finance/news/uk-watch-for-fraud-extra-cash-cost-of-living-crisis-230154352.html

Ted Datta, Senior Director at Moody’s Head of Financial Crime Compliance Industry Practice, Europe, Africa, and Americas, discusses the rise of fraud in the UK and what companies and the government can do to turn the tide.

https://www.openaccessgovernment.org/keeping-pace-with-the-changing-face-of-fraud-in-the-uk/176837/

Your vote is yours alone.

If someone asked you what electoral fraud is, would you know? This blog, by the Electoral Commission, outlines the facts.

If a friend left you their polling card whilst they go away on holiday, would it be OK for you to cast their vote for them? Or if someone tried to intimidate or bribe you into voting a certain way, you’d probably know that it shouldn’t happen, but is it actually illegal?

https://crimestoppers-uk.org/news-campaigns/news/2024/may/your-vote-is-yours-and-yours-alone

People are using technology to try to make claims for incidents that may never have happened, insurers said.

Insurers have raised concerns about fake and manipulated images being used in claims.

Some people are using advances in technology to try to make claims for incidents that may never have happened in the first place, according to industry experts.