The Serious Fraud Office (SFO) has published its performance figures for 2009-2010. The figures highlight that the SFO has increased its conviction rate to 91%. Fines against companies have increased to nearly £12 million, from zero the previous year, whilst the sums paid back by defendants to the victims of crime has nearly quadrupled to […]

Swiss money laundering reports hit record high – Swiss authorities sifted through record numbers of suspicious financial deals last year totalling 2.23 billion Swiss francs ($2.1 billion) for possible money-laundering, and most were forwarded to prosecutors. Switzerland, for decades viewed as a safe haven for money of dubious origin, started to clean up its image […]

In a letter sent to Lord Myners, financial services secretary to the Treasury, barristers Pump Court raise concerns that if the Financial Services Bill is rushed into law through the “wash-up” and fails to receive the full scrutiny of the House of Lords there could be “profound constitutional implications.” The law firm focuses on clause […]

Welsh adviser convicted over mortgage fraud – Butler was one of three people convicted in a “lengthy and complex” investigation sparked by a drugs raid in November 2008. In a raid, Gloucestershire police officers uncovered a large number of cannabis plants and seven people were subsequently arrested. Although nobody was charged with offences relating to […]

the following well presented commentary was taken from the RiskMinds 2009 Risk Managers’ Survey. ….It is a truism to say that the better the internal checks and balances in risk management, compliance, internal audit and non-executive oversight (what might be called “the internal regulatory system”), the less additional supervision and enforcement is required by the […]

the following well presented commentary was taken from the RiskMinds 2009 Risk Managers’ Survey. ….It is a truism to say that the better the internal checks and balances in risk management, compliance, internal audit and non-executive oversight (what might be called “the internal regulatory system”), the less additional supervision and enforcement is required by the […]

The Guernsey Financial Services Commission (“the Commission”) has received certain representations concerning the Licensees (Conduct of Business) Rules, 2009 that have led it to conclude that the following Guidance Note should be issued to bring clarification. Some of these issues were mentioned in the Commission’s presentation to industry on 17 December 2009. The paper formalises […]

A white paper has been produced that examines the psychopathology of the white-collar criminal acting as a corporate leader. It looks at the impact of a leader’s behaviour on other employees and the organisational culture developed during his or her reign. the authors propose a 12-step process to explain how an organisation can move from […]