IFG News

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

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

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

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

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