Major sponsors have increased the pressure on beleaguered Fifa president Sepp Blatter as corruption claims intensify at world football's governing body.Emirates Airlines has expressed its "disappointment" at the controversy, while the Fo…Read More
Due diligence ‘becoming critical’
Pre-completion due diligence has become increasingly critical in the years following the credit crunch. With market activity slowly coming back to pre-downturn levels, the feeling remains that deal-makers still have to be cautious – so due diligence is…Read More
Fraud investigation set for reform
The Government is set to outline plans for a radical overhaul of the investigation and prosecution of financial crime.It is understood the Home Office will soon announce a consultation on proposals to break up the Serious Fraud Office (SFO).The overhau…Read More
IT chief in cloud computing warning
Cloud computing technology is on the rise – but it also poses a massive risk for some firms, according to a Hewlett-Packard chief.Subbu Iyer, a senior director of products, warned PAYE umbrella contractors after an EU report gave its backing to cloud c…Read More
Accountant ‘filtered off £198,000′
The Institute of Chartered Accountants in England and Wales (ICAEW) has removed the licence of an insolvency practitioner who filtered more than £198,000 from estates into his own accounts.Garry Hacker admitted to misappropriation of funds between Jul…Read More
Property fraud
£26m paid to property con victims Victims of so-called property title theft in England and Wales have been paid more than £26 million in compensation since 2006, Land Registry figures have revealed. The con takes place when criminals manage to arrange mortgages for properties they do not own before taking the cash and disappearing. The real owner is then left with thousands of pounds of mortgage debts. A total of £4.51 million of compensation was paid out by the Land Registry – the government department that logs land and property ownership in England and Wales – last year for fraud, with £440,000 in costs also shelled out. Patrick McCloy, director of title theft experts Gatekeeper Protection, said: “Payouts may rise exponentially as victims often do not know they have been victims of fraud until they come to sell their property, …Read More
Advisers ‘confused over FSA rules’
A finance expert has claimed that many financial advisers are in the dark over the requirements of the Financial Services Authority (FSA) on issues such as platforms and due diligence.Platforum managing director Holly Mackay suggested that firms are le…Read More
Facebook banned for many workers
A report has revealed that Facebook and other social networking sites have been outlawed in the office for around 50% of workers.The action was taken by bosses over fears that use of such sites could lead to the damage of their firm's reputation, …Read More
Bribery warning for fund managers
UK fund managers are being urged to adhere to the July 1 implementation of the Bribery Act.Those who fail may find themselves facing tough regulators who will be intent on sending the message that the UK has taken a strong stance against bribery.The Mi…Read More
When developing markets come of age
Traditional analysis makes clear the greater potential rewards of investment in developing markets are coupled with increased risk.And it is clearly sensible to bear in mind this correlation before making any substantial financial commitment.But asset …Read More