The much-anticipated new corporate criminal offence of failure to prevent fraud was introduced by the Economic Crime and ...

has the responsibility for fraud risk management, what precisely does a Board need to do, to prevent or limit the prevalence of corporate fraud? Unfortunately, there is no place or business across the ...

Big businesses have nine months before corporate fraud powers kick in, with warnings to "get their house in order" ...

Under the Act, the new offence only applies to "large organisations" i.e. those which meet at least two of the following criteria in the financial year preceding the year of the fraud offence: more ...

The Space of corporate banking has transformed significantly in recent years. Companies today demand sophisticated, ...

Canara Bank has classified Reliance Communications and Reliance Telecom accounts as fraud. The classification is not expected ...

The Special Task Force (STF) of Uttar Pradesh has arrested two individuals for impersonating CBI and NCB officials to execute a digital fraud scheme, revealing a network behind Rs 8 crore in scams.

The UK Government’s introduction of the "Failure to Prevent Fraud" offence under the Economic Crime and Corporate Transparency Act 2023 marks a significant milestone in the fight against ...

When we think of victims of fraud, we usually think about consumers. But these emerging techniques are allowing criminals to ...

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has pledged that the Commission will intensify ...