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Private prosecution success over fraudster
A former car dealer has been jailed for eight years for a multi-million pound investment fraud – even though the Crown Prosecution Service had refused to charge him, BBC News has learned.Paul Sultana was convicted after the company he had defrauded brought a private prosecution – criminal proceedings which are not initiated by the state.
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Online Anonymity: A luxury we can no longer afford?
The past decade has seen an increased use of virtual private networks, cryptocurrencies, whistleblowing, targeted marketing, trolling and online scams – all made possible by a perceived online anonymity. The question whether online anonymity should go the way of the dodo has been debated for some time and has again become a hot topic thanks
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The Importance of the Duty of Full and Frank Disclosure Emphasised Once Again
The recent decision in Banca Turco Romana SA (in liquidation) v Kamuran Cortuk and others [2018] EWHC 662 (Comm) emphasises the importance of the duty of full and frank disclosure in the context of freezing injunctions. In this case, the claimant, a Romanian bank acting through its liquidator, had sought the continuation of freezing injunctions which had
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ACFE 2018 Report to the Nations
The 2018 Association of Certified Fraud Examiners’ Report to the Nations provides a detailed breakdown of occupational fraud from 125 countries. Occupational fraud is defined as the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organisation’s resources or assets. The Report identified the most common behavioural indicators
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The Ever Increasing Anti-Bribery, Corruption and Compliance Risks
Risk solutions firm, Kroll, has partnered with ethical business practices firm, Ethisphere, to produce the Anti-Bribery & Corruption Benchmarking Report 2018. The Report shows that organisations continue to be concerned about third party risks with the risk factor of opaque ownership structures increasingly becoming a priority for compliance teams. New forms of payment, such as
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Real or fake? How to ensure art authenticity in the digital age
Forgeries are as old as art itself, but impostors are having a field day in the age of the internet. Fortunately, art scholars, scientists and IT specialists are coming together to protect genuine art works and catch fraudsters.In November last  year, a rediscovered painting by Leonardo da Vinci – fewer than 20 of which survive
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Are you prepared for the new corporate tax evasion offence?
The corporate offence of “failing to prevent the facilitation of tax evasion” came into force on 30 September 2017. Now corporations must ensure that they have developed a plan for implementing “reasonable prevention procedures”. The offence, introduced under the Criminal Finances Act, makes corporations criminally liable in situations whereby: There has been criminal evasion of
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Airing dirty laundry: when can a hearing be held in private?
When considering whether to pursue a dispute through the Courts, a key consideration – particularly for private clients – is what information could end up in the press.  The general rule is that all hearings will be held in public and key documents from the claim setting out each party’s position (such as the Claim
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Introducing our Global Asset Recovery Guides
In an era where cross-border financial disputes and asset recovery have become increasingly intricate, our guides offer a practical roadmap for navigating asset recovery across various jurisdictions.
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Event Sponsorship
The IFG continues to celebrate its 30th year in business this year and we are excited to announce our next Flagship Fraud Conference in London in November.
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IFG London Flagship Fraud Conference – Thursday 21 November 2024. REGISTER NOW!
Engage with international lawyers, forensic accountants, investigators, restructuring and insolvency experts, crypto gurus and many others in the international asset recovery and fraud investigation space.
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OffshoreAlert Bangkok 2025, 5 and 6 March 2025! Book NOW!
OffshoreAlert returns to Bangkok. Do please register using the the pre-agenda rates as they are ending on Tuesday, October 1. The agenda will be launched the following day, on October 2. IFG members can also enjoy an additional 10% off with the partner code below. Here are the details:- Event: OffshoreAlert Bangkok 2025 Dates: March 5-6, 2025
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OffshoreAlert London 2-3 December 2024
We're thrilled to partner with OffshoreAlert for their 11th Annual London Conference, which will take place on December 2-3, 2024.
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Victory for Mikov & Attorneys! Congratulations!
We are pleased to share and congratulate Konstantin Mikov and Maria Hristova of our member firm Mikov & Attorneys great victory in asset recovery showing that it is possible for the victim of a scam to recover its losses from the bank managing the bank account of the shell company of the scammer ! Tort
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Lexology Panoramic – Financial Services Litigation, 2024 Edition
Our members in Australia, Piper Alderman have recently published a Lexology paper on Financial Services Litigation in Australia.
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Artificial Intelligence (AI): Are machines revolutionizing International Arbitration?
Claudio de Castro, Partner of Arias, Fábrega & Fábrega has written the below article on AI.
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Freezing Order served on Fraudsters! OneCoin
The OneCoin investor group are being represented by lawyers at the international law firm, Mishcon de Reya LLP.
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Tackling Fraud: The Labour Government’s Strategy
With fraud currently making up over 40% of crime in the UK, it’s a critical issue for the new government to address.
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