Category: Op-Ed

OPINION | Changes to tackle Authorised Push Payment fraud

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 […]

OPINION | British banks to share intelligence on major financial crimes

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 […]

OPINION | Martin Kenney writes for Toronto Star on new US transparency act

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.

OPINION | Why FinCen’s proposed public corporate register will be ‘near useless’

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”.

OPINION | ECJ ruling on UBO registers ‘victory for common sense’

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.

OPINION: Martin Kenney on new economic crime law & seizing oligarch wealth

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.