In an exclusive piece for the Association of Certified Fraud Examiners (ACFE), our Head of Investigations, Tony McClements, welcomes news that the UK’s Payment Systems Regulator (PSR) has made it mandatory for victims of authorised push payment (APP) fraud to be reimbursed within five days. APP fraud accounted for £485.2 million in losses in the UK […]
How to stem the flood of economic crime affecting the UK economy? In this latest opinion piece for the Association of Certified Fraud Examiners (ACFE), our Head of Investigations Tony McClements analyses a new move reported to involve several major British banks. High street brands including Lloyds Bank and NatWest have apparently been in advanced talks […]
Martin Kenney and Tony McClements reflect on the appointment of a new Director to the Serious Fraud Office in London.
In his latest op-ed, for the Toronto Star, our Head of Firm Martin Kenney opines on the likely effectiveness (or otherwise) of the USA’s Corporate Transparency Act, which will create a beneficial ownership database and require the filing of beneficial information from 1st January next year.
The US Treasury has been eager to establish a corporate ownership registry in its battle against dirty money. Yet the American Bankers Association has described what’s being floated under the Corporate Transparency Act (due to come into force in the US next year) as “fatally flawed”.
Martin Kenney welcomes a decision by the European Court of Justice that open beneficial ownership registers – sometimes called open UBO registers – are incompatible with the right to privacy. Unlimited transparency isn’t necessarily effective in the battle against economic criminals, he warns.
Will the U.K.’s new Economic Crime Act really help crack down on illicit wealth? That’s the question posed by Martin Kenney in an exclusive opinion piece for the Toronto Star, who points out that loopholes in the UK’s new Economic Crime Act will restrict the its effectiveness and fall short of what transparency campaigners have long been demanding.
Shaun Reardon-John presents an exclusive Martin Kenney & Co article looking at the future of the BVI, published in the brand new 2022 FraudNet Annual Global Report.
The G7’s move to “standardise” corporate tax rates across the globe is short-sighted and may well have long term, detrimental (and unintended) side effects.
One of Allen Stanford’s victims said that Stanford was worse than Bernie Madoff, who has just died, because Stanford targeted middle-class investors. “He stole more than millions,” the victim said, “he stole our lives as we knew them.”
