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Economic crime

Economic crime is causing increasing disruption to every type of organisation, from established businesses to charities and public sector bodies. The frequency of attacks is rising, and criminals are becoming more sophisticated, supported by advances in technology. In these articles and videos, we explore the latest trends and perspectives on economic crime from around the world, and look at how chartered accountants can help prevent it happening.
Displaying 1-10 of 60 results
ICAEW urges further steps to tackle economic crime
  • Article
  • 03 May 2022
In letters to the Prime Minister and other party leaders, ICAEW Chief Executive Michael Izza outlines the support that chartered accountants can provide and suggests critical points for discussion in the next parliamentary session.
ICAEW: “insufficient” fraud prevention for COVID-19 grants
  • Article
  • 29 Apr 2022
ICAEW calls for the government to learn from COVID-19 business support grants by investing in BEIS’s counter-fraud capability and addressing the assurance gap in grants distributed through local authorities.
Take a cross-sectoral approach to tackling economic crime
  • Article
  • 22 Apr 2022
A new course by PaC and IBE aims to get the professions talking about how to deal with money laundering, modern slavery and other eocnomic crime risks.
Funding concerns over new Public Sector Fraud Authority
  • Article
  • 13 Apr 2022
A new Public Sector Fraud Authority was announced in the Spring Statement, but will the £24.7m funding increase over three years be enough to tackle the billions of pounds lost each year to fraud?
Pushing back on Bounce Back loan fraud
  • Article
  • 06 Apr 2022
ICAEW’s Emily Seiorse and Alex Russell describe a common scenario around fraud in COVID-19 support schemes, and explain how auditors can maximise the likelihood of fraud detection.
Changes to the Unexplained Wealth Orders regime
  • Article
  • 01 Apr 2022
The Economic Crime (Transparency and Enforcement) Act 2022 may encourage more applications for UWOs.
Britain is jurisdiction of choice for dirty money, warns MP
  • Article
  • 31 Mar 2022
Dame Margaret Hodge MP blames excessive deregulation, underfunding and an absence of transparency for the lack of progress on tackling economic crime.
Self assessment and Ukraine crisis fraud prompts warnings
  • Article
  • 28 Mar 2022
HMRC and the Charity Commission have both released guidance for avoiding self assessment scammers and bogus charities attempting to exploit the public.
Economic crime: gatekeeper or enabler?
  • Article
  • 25 Mar 2022
With fraud on the rise, we look at how ICAEW is working with other stakeholders to ensure its member firms stay at the forefront of the fight against economic crime, and avoid unwittingly becoming professional enablers.
Payment diversion fraud: know the signs
  • Article
  • 18 Mar 2022
As the National Economic Crime Centre launches a new awareness campaign, here’s what to look out for.
Displaying 1-10 of 60 results
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Resources

Economic crime

  • Hub page
Access guidance, resources and tools relating to the prevention of Economic Crime, including Anti-money laundering, Sanctions, Fraud, Bribery and Corruption.
Visit the hub