Blog
Kingsley Napley’s Medical Negligence Team ‘walks together’ with the Dame Vera Lynn Children’s Charity
Sharon Burkill
26 October 2020
Furlough Fraud - what about the other £2bn?
The headlines of 23 October 2020, reported the staggering estimate that between 5 and 10 per cent of the £39 billion paid under the Government’s job retention scheme has been claimed fraudulently.
23 October 2020
Coronavirus business loan scheme fraud
In response to the coronavirus (“COVID-19”) pandemic, the government introduced a number of loan schemes in order to assist businesses struggling financially. Recent reports suggest that these schemes, as outlined below, have become a target for fraudulent loan applications, by both genuine businesses and also organised criminal enterprises. This blog briefly examines the various loan schemes in place and the criminal offences which are likely to be the focus of investigating authorities in the coming months.
11 August 2020
Will the Economic Crime Levy bring much needed investment in the fight against economic crime?
The Government announced its intention to introduce an Economic Crime Levy in the Budget 2020. This is designed to fund government action to tackle money laundering and help deliver the reforms committed to in the Economic Crime plan 2019-2020. It has since followed up on this - on 21 July - with the launch of a consultation as to how such a levy would operate.
14 April 2020
Fraud in the time of COVID-19 - The law enforcement response
The National Crime Agency (NCA) issued its Action Plan for 2020-21 earlier this month, alongside a Strategic Threat Assessment. The Annual Plan sets out the NCA’s operational priorities for the year ahead and sets out how it will lead a “whole-system response to serious and organised crime”. At the heart of this is the objective to “reduce the harm from economic crime to individuals, the UK Economy and its Institutions, tackling fraud, money laundering and cybercrime”.
9 April 2020
Business Plan 2020-21: FCA remains vigilant to potential misconduct
The Financial Conduct Authority (FCA) has this week published its annual Business Plan. Unsurprisingly, the emergence of COVID-19 has significantly impacted the organisation’s ability to set out its strategic focus for the next three years. While the Plan sets out the areas of priority on which it intends to focus in this period, it recognises that it may be months before the FCA is able to focus fully on the activities set out in the Plan and that the issues to be addressed may change significantly over the coming months.
