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37 results for: fraud
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Is the New Economic Crime Bill tough enough? MPs level criticism at its second reading
By Neill Blundell Helen Harvey Mollie Biggadike
The introduction of the Economic Crime and Corporate Transparency Bill (the Bill) on 22 September 2022 was met with support by many legal...
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New Economic Crime Bill: another stab at the £100bn dirty money problem
By Lorna Emson Helen Harvey Matthew Pimley
On 22 September, the UK Government introduced the Economic Crime and Corporate Transparency Bill (the Bill). The Bill, the second...
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Government launches new Public Sector Fraud Authority
By Lorna Emson Helen Harvey Helin Gurel
On 3 August, the UK Government announced the launch of the Public Sector Fraud Authority (the Authority), a new body tasked with tackling...
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Know your fraud: specific fraud risk rather than general red flags are needed to invoke the Quincecare duty
By Lorna Emson Nikolas Ireland James Reid
The Quincecare duty has made the news once again. We recently commented on RBS v JP SPC 4 & another [2022] UKPC 18 and Philipp v Barclays...
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Corporate criminal liability: ten options for reform
By Neill Blundell Helen Harvey Max Hobbs
The UK’s Law Commission has published its options paper for reform of corporate criminal liability. This much-anticipated report sets out...
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The limit of Quincecare: Privy Council holds that banks do not owe a tortious duty of care to non-customers
By Lorna Emson Nikolas Ireland James Reid
In its recent judgment in RBS v JP SPC 4 & another [2022] UKPC 18 the Privy Council has provided an important insight into the scope of...
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The Chancellor announces a £25 million “fraud squad” to recover £5 billion
By Lorna Emson Max Hobbs Georgia O'Connor
The Chancellor, Rishi Sunak, has announced a new “fraud squad” to recover money stolen from the state-backed Covid Bounce Back Loan...
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UK widens sanctions, potential retaliation by Russia and international regulators urge restraint
By Neill Blundell David Gauke Francis Bond
The crisis at the Russia/Ukraine border continues to provoke reverberations for the global financial sanctions framework, with threats...
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The big freeze on crypto-assets: HMRC seizes its first ever NFT
By Neill Blundell James Reid
HM Revenue & Customs (HMRC) has announced its first ever seizure of Non-Fungible Tokens (NFTs) as part of a £1.4m VAT fraud...
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Fighting economic crime in the UK: an overview
By Neill Blundell Max Hobbs Joe Gaffney
On Thursday 10 February, the House of Commons Library published a briefing paper on economic crime in the UK, which summarises recent...
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The Economic Crime Bill: reform is coming
By Neill Blundell Max Hobbs Joe Gaffney
We recently commented on a fortnight of fast-paced developments in the economic crime space. As we observed, it appears that (despite...
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Economic crime in the UK: What is going on?
By Neill Blundell Max Hobbs Francis Bond
There have been so many developments in the realm of “economic crime” in the last two weeks that it has been hard to keep up.To summarise...
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Paying the price: UK proposes mandatory rules for banks to compensate fraud victims
By Lorna Emson James Reid
The UK government has indicated that UK banks will be required to provide refunds to victims of “push payment” fraud (also known as “APP”...
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English courts confirm extensive remedies available for victims of cryptocurrency fraud
By Emma Cohen James Popperwell Nikolas Ireland
As the use of cryptocurrencies by investors continues to grow so too does the opportunity for fraud in the cryptocurrency sector. In the...
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CPS announces landmark economic crime strategy, including new dedicated court
By Neill Blundell Adam Fieldgate
The Crown Prosecution Service (CPS) has launched its first ever comprehensive strategy to combat economic crime. This announcement is...
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Big fraud: FCA proposes regulation of tech giants in relation to financial scams
By Neill Blundell James Reid Lorna Emson
On Monday the Financial Conduct Authority (FCA) released its review of consumer investments data for 2020 (the Review). In the Review the...
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