Levels of reported fraud in financial services fell last year but rose in the public sector, according to the latest BDO FraudTrack analysis. In financial services, reported fraud fell in value more than 62%, from £567m in 2015 to £215m in 2016, and from 70 cases to just 58. Some 150 cases worth £1.4bn happened in the public sector, compared to £450.9m in 114 cases reported in 2015. However, the rise is largely due to a single £1bn VAT “carousel” fraud involving a woman from York.
19 January 2017
FraudTrack report
MOVERS & SHAKERS
Clyde & Co—Suriya Ashok
Clyde Co strengthens energy transition and construction offering with hire of Suriya Ashok
Jurit—Nicole Gallop Mildon
Jurit appoints rare dual-qualified lawyer to expand Anglo-French private wealth expertise
Twenty Essex—Thomas Hibbs, Jack Hollingworth & Sam Pearce
Three new tenants join Twenty Essex
NEWS
The Supreme Court has settled a long-running dispute over part-time workers: unfavourable treatment need be a significant or effective cause, not the sole cause
Arbitration may be private, but its confidentiality is no impenetrable shield. Writing in NLJ this week, James Glaysher of Kingsley Napley examines when courts will permit arbitral material to surface in open litigation
The Financial Reporting Council’s revised Audit Enforcement Procedure will alter the balance of power in corporate investigations
A telecoms operator may be able to hold over under the Landlord and Tenant Act 1954, yet still be unable to secure a renewal: an outcome described as a legal ‘paradox’
Safety fears do not automatically justify shutting an interested person out of a statutory will application
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