18 Mar 2015 – Two staff members have been arrested in St Peter Port, in connection with an investigation into a suspected £21m vat and money laundering fraud. They were arrested at an address registered to several companies, and will be interviewed today. Its part of an investigation called operation bannock that spans the British […]

Officers from the Manx police force’s financial investigation team are today executing six warrants in and around Douglas as part of an investigation into multiple fraud and money laundering offences. This is part of an investigation involving UK HM Revenue & Customs (HMRC), the Manx police, Cheshire Constabulary and Guernsey Border Agency. Four of the […]

It was reported in the JEP on 09/03/2015 that – MORE than 20 major fraud cases involving millions of pounds being allegedly laundered through Jersey banks by people from all over the world are being actively investigated by financial crime detectives, the States police have revealed. The operations department of the Joint Financial Crimes Unit […]

Four companies in Bolivia, Bangladesh, and Cambodia will be sanctioned for misconduct in World Bank-related projects, The World Bank said in a statement. “The World Bank announced the debarment of four companies involved in misconduct relating to projects in Bolivia, Bangladesh and Cambodia,” the statement, issued on Wednesday, said. Two Bolivian companies, Empresa Constructora y […]

A man has been charged with fraud and money laundering after offences targeting 34 victims. Newhaven resident George Wickens, 23, was charged after offences in Stevenage, as well as in St Albans, Surrey, Sussex, Devon and London. Wickens, of Iveagh Crescent, was charged with conspiracy to commit fraud by making a false representation and conspiracy […]

The country’s top fraud fighter is on the offensive. David Green, QC, has already stated that the Serious Fraud Office (SFO) is at a “pivotal time” and, more significantly, that it has its “mojo” back. Now the SFO director is targeting lawyers over legal professional privilege. Companies, he says, are obstructing investigations by hiding behind […]

Addis Ababa (AFP) – Africa loses at least $50 billion (44 billion euros) a year to illicit practices like tax fraud, corruption and organised crime, a worrying situation that is hurting the continent’s economies, a UN-mandated study group warned Sunday. Illicit financial flows — which range from international corporations dodging taxes to the trafficking of […]

Following his conviction on eight counts of fraud, forgery, false accounting and fraudulent trading Ulf Magnus Peterson, the former head of Weavering Macro Income Fund Limited, has been sentenced to 13 years in prison. The fund subsequently collapsed in March 2009, leading to net losses for investors of approximately US$536 million. A hearing has been […]