The Cost Of Living Crisis Will Increase Fraud
The Covid19 pandemic has placed considerable financial and operational pressure on businesses over the past 2 years and the cost-of-living crisis will only contribute to the number of fraud cases we are likely to see. Raymond Davidson talks about what has created this perfect storm.
How To Spot Fraud In The Insolvency Process
We will need to be vigilant against potential fraud as post-pandemic liquidations and bankruptcies begin to rise. This article highlights some of the red flags that forensic accountants look out for that can indicate potential fraud in the insolvency process.
Furlough Fraud - The Coronavirus Job Retention Scheme (CJRS) Ends 30th September - What Happens Next?
Furlough Fraud is a problem that is and will continue for many years to be an issue for Her Majesty's Revenue & Customs. How has furlough fraud been carried out? What are the penalties for furlough fraud and how does HMRC investigate? What action should I take now to prepare for an HMRC audit?
Bounce Back Loan Scheme (BBLS) Fraud - What To Do If You Have A Problem
More than 12 months ago we warned that the completion of a simple 2 page self-certification form online would result in a plethora of fraudulent claims. Our worst fears have been confirmed. Bounce Back Loan fraud is being forecast at more than half the £43bn lent.
Account Freezing Orders and Account Forfeiture Orders may destroy businesses and ruin lives
The Criminal Finances Act 2017 was introduced to recover ill-gotten gains from criminal activity but, because of the relative ease of obtaining these orders, the authorities are using these orders in civil recovery as an alternative to bringing criminal charges.
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