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To be or not to be your CEO. That is the question.
Would you be able to spot a deep fake video of your CEO? Companies should prepare for the next wave of cybercrime in which criminals use AI-based software to impersonate voices and images. In this frightening new world, rigorous processes are key to managing a swift response to fraud, says Joe Hancock How well do
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Private prosecutions: taking the fight to international fraudsters
When the state won’t prosecute, or the victim of fraud wants to play a more direct role in securing access to justice, a private prosecution can offer victim’s their day in court and a route to punishment for the fraudsters, as well as restoration for the victim, writes Gareth Minty Why did the Swiss-registered company
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RETURN ON INVESTMENT: Making litigation pay its way – the IFG philosophy
“Among the global firsts achieved by the International Fraud Group was the development of its R.O.I. approach to asset recovery, first deployed in the late 70’s when instructed by Citibank to recover fraud losses emerging out of their Asian business. This philosophy lies at the heart of everything the IFG does and distinguishes us from
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A banker’s quincecare duty: practical implications of some recent judicial authority
In Barclays Bank plc v. Quincecare Ltd [1992] 4 All ER 363, it was held that "a banker must refrain from executing an order if and for as long as the banker is 'put on inquiry' in the sense that he has reasonable grounds (although not necessarily proof) for believing that the order is an attempt to misappropriate the funds of the company".
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Are you ready for strong customer authentication?
The revised Payment Services Directive ("PSD2") makes significant amendments to the laws that govern payment services in the EU.
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Fraud Insights: Protecting shareholder rights through unfair prejudice petitions
Where the affairs of a company are being or have been conducted in a manner that it is unfairly prejudicial to the interests of a shareholder, or an actual or proposed act or omission would be so prejudicial, a shareholder can apply to the Court under section 994 of the Companies Act 2006 through what is commonly known as an unfair prejudice petition.
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Fraud Insights: Worldwide freezing order continued despite allegations of delay
A recent decision of the High Court in PJSC National Bank Trust and PJSC Otkritie Bank Financial Corporation v Boris Mints and others [2019] EWHC 2061 (Comm) found that it was appropriate to continue a worldwide freezing order in circumstances where there was a good arguable case that the Defendants had used complex structures and methods, involving substantial sums of money, to defraud the Claimant banks despite the absence of any recent evidence of dissipation by the defendants.
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Fraud Insights: Criminal sanctions for wilful and reckless mismanagement of pension schemes
In February 2019, the Government published its response to the consultation on Protecting Defined Benefit Pension Schemes – A Stronger Pensions Regulator (the "Consultation Paper"). Amongst the new proposed regulations in the Consultation Paper, the government said it intends to create a new criminal offence of wilful or reckless behaviour in relation to a pension scheme punishable by a maximum penalty of up to seven years' imprisonment and/or unlimited fines.
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High Court Sets Aside Injunction Granted Against Binance
Crypto fraud losses in the UK have increased by 40% in the past year according to Action Fraud. Mishcon de Reya’s Rhymal Persad, Sofia Berggren and Philippa Rees explore Piroozzadeh v Persons Unknown, and the increase in crypto-related fraud cases brought before the English Courts. High Court sets aside injunction granted against Binance: are we going to see more
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Navigating Cross-Border Challenges
Fraud and asset recovery cases are increasingly being fought against unidentified defendants, as individuals hide behind computers, fake emails and false online personas. Rhymal Persad, Philippa Rees and Jordan Harrison of our member firm Mishcon de Reya explore the importance of disclosure orders, and the challenges of seeking them from foreign banks: Asset tracing in fraud cases: navigating
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Article on Government’s recent Fraud Strategy Announcement
The IFG are delighted to share the below Article written by Catherine Rogerson, Associate and Linda Ali, Trainee Solicitor, Fraud Department at Mishcon de Reya LLP on the Government’s recently announced fraud strategy. Please click the link below https://www.mishcon.com/news/the-governments-new-fraud-strategy-is-it-enough  
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Thank you Toronto! IFG Asset Recovery Conference (April 2023)
Our IFG members travelled out to Toronto for our Spring Meeting hosted by Bennett Jones taking part in another great Asset Recovery Conference. We were delighted to welcome key note speakers Hon. A. Anne McLellan P.C., O.C., A.O.E., former Deputy Prime Minister of Canada, Former Minister of Justice and Attorney General for Canada, and Inspector
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Obligations to Report Wrongdoing: International Perspectives: White Collar Crime & Investigations Online Event!
Obligations to Report Wrongdoing: International Perspectives When must an organisation report wrongdoing to law enforcement? What are the penalties for failing to report? Are there tangible benefits to self-reporting? Please join the White Collar Crime and Investigations subgroup of the International Fraud Group as we explore these questions from the perspective of a variety of
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Toronto Calling! 27th and 28th April 2023
The IFG are making their way to Toronto for the Annual Spring Members’ Meeting hosted by our Canadian members Maureen Ward Bennett Jones on the 27th and 28th April 2023. We are looking forward to participating in the Asset Recovery Conference and meeting our international friends and colleagues. We have a full agenda and great
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OffshoreAlert Miami 2023!
The International Fraud Group (IFG) are pleased to support OffshoreAlert’s 19th Annual North America Conference on intelligence, investigations, and recovery in high-value international finance Join the IFG members on 23-25 April alongside 300 of the world’s leading figures fraud investigation, asset recovery and more. Speakers include Christopher Farmer and Russell Crumpler, both of Teneo, and
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‘ENRC v. Gerrard’: Will International Investigations Ever Be The Same?
OffshoreAlert 2022, London This panel discussion is organised along the lines of the ‘BBC Question Time’ format with the panelists making some initial comments about the implications of the ‘ENRC v. Gerrard’ judgment and then answering questions from attendees.Among the topics to be addressed are: Is there a conflict of interest in a public authority
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