On 26 July 2023, the Supreme Court handed down its judgment in R (on the application of PACCAR Inc and others) (Appellants) v Competition Appeal Tribunal and others (Respondents) [2023] UKSC 28 whose implications have sent shockwaves through the litigation funding industry in England and Wales. But what does this ground-breaking decision mean, and what […]
Last month, after months of speculation, it was announced that the new director of the Serious Fraud Office (SFO) was going to be Nick Ephgrave. Ephgrave was the former chief constable for Surrey Police, assistant commissioner of the Metropolitan Police Service, and most recently held a role that overlapped with his responsibilities as assistant commissioner, […]
Last week, according to media reports, two men who had stabbed to death an aspiring lawyer in a case of mistaken identity were each jailed for life with a minimum term of 27 years. In February 2021, a group of six men attacked Sven Badzak, 22, and a friend, 16, near a supermarket in Kilburn, […]
Compared to a year ago, it looks like trading revenue in Wall Street has slumped. However, there is a rarely mentioned reason for last year’s boom: a billion-dollar windfall that went from Russia through some of the former Soviet republics into the hands of Wall Street’s currency traders. According to a Bloomberg article, as companies […]
The recent media furore over the withdrawal of existing, or reluctance to offer, banking facilities for so-called politically exposed persons (PEPs) has shone a light on an issue that many prominent individuals have been grappling with for some time. The UK government wants to address the problem of PEP bank account closures through introducing tighter […]
With the parliamentary summer recess upon us, it is worth recapping where the Conservative government’s flagship Economic Crime and Transparency Bill got up to before taking a well-deserved holiday. The reform proposals – which are now expected to become law sometime in the autumn legislative term – represent the most significant shift in white collar […]
Every year, the UK economy could be losing as much £219 billion to fraud. This colossal figure is one of they key findings of the 2023 Annual Fraud Indicator (AFI), a round-up of the cost of fraud in the UK published by Peters & Peters Solicitors in conjunction with national audit, tax, advisory and risk […]
Earlier this month, the Supreme Court handed down its judgment in Philipp v Barclays Bank UK PLC, which deals with the circumstances in which a bank can be held liable for not preventing a customer from being defrauded. The judgment offered much-needed clarity on the nature of the Quincecare duty and the obligations that banks […]
In March, the UK government released its Green Finance Strategy, setting out plans to attract investment to help achieve the country’s net zero ambitions. Then, a month later, the National Fraud Strategy came out, revealing that fraud is “by far” the UK’s most common crime, representing 40% of offences in England and Wales. However, no […]
From fake goods, scam emails, counterfeited artwork, mislabelled foods to the perils of falling prey to all those crypto adverts, fraud is everywhere. In this article for Fraud Intelligence, Keith Oliver and Caroline Timoney embark on a whistlestop tour through the history of fraud, uncovering how many old scams have modern versions today. They discuss […]
