Typically, confiscation orders, as set out in the Proceeds of Crime Act 2002 (POCA), are issued to recoup the fruits of a so-called ‘criminal lifestyle’ and locate substantial hidden assets. But this was turned on its head in the case of Jon Andrewes when The Supreme Court overturned a Court of Appeal decision that he should not receive a confiscation order.
A recent report created by Action Fraud, the UK’s national fraud and cyber crime reporting centre, revealed that in 2017 holiday fraud in the UK amounted to £6.7 million, with 4,700 holidaymakers affected. The average amount lost per person, at above £1,500, represents a 25% rise from the previous year. Further, Action Fraud’s report revealed that victims of holiday booking fraud claimed the impact of the crime had gone beyond just financial, with some saying it had also affected their health.
The European Anti-Fraud Office (OLAF) is the body responsible for protecting the EU’s financial interests. It has two main focuses: to investigate fraud involving EU expenditure, and to investigate corruption involving the staff of EU institutions. Its jurisdiction spans the entirety of the EU and it closely collaborates with EU institutions and the national authorities and law enforcement agencies of each member state to fight cross-border fraud.
Back in 2014, the Serious Fraud Office (SFO) commenced a criminal investigation into accounting practices at Tesco in respect of an estimated £326 million missing from the supermarket group’s accounts. Although the investigation is still underway, the SFO has decided to prosecute three former executives in respect of their roles in the scandal. Last week, their trial date was set for next September, when they will each face charges of fraud by abuse of position and false accounting.
The issue of money laundering through prime real estate in London and elsewhere has been a growing political issue for some years now and measures to combat the flow of illicit “dirty money” into the UK have been become ever higher profile as the government encourages enforcement agencies to tackle this area of crime. As part of this, new powers, under the Criminal Finances Act 2017,
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15 August 2023
We examine what might be the biggest change to corporate criminal law in a century as the Economic Crime and Corporate Transparency Bill (referred to as "the Bill") approaches the end of its course through the UK Parliament.There are provisions in th.