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Prison terms for corruption in oil and gas contracts

Prison sentences have been handed down in a case where corrupt payments were obtained for passing on confidential procurement information to bidding suppliers. The contracts related to a series of high-value oil and gas engineering projects between 2001 and 2009 in Iran, Egypt, Russia, Singapore and Abu Dhabi

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Posted 31 January 2012

Insurance Fraud Enforcers Score Early Successes

A whirlwind of activity has marked the launch of the City of London Police Insurance Fraud Enforcement Department's's first fortnight in operation, with detectives fanning out across the country to arrest suspected insurance fraudsters.

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Posted 22 January 2012

Walsall accountant facing jail over £195,000 fraud

An accountant is facing jail after admitting a £195,000 fraud at the Aldridge firm she worked for.

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Posted 20 January 2012

AXA rolls out hosted global insurance anti-fraud system

Insurance firm AXA is to use a hosted BAE Systems Detica anti-fraud platform to help tackle a reported spike in fraudulent

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Posted 17 January 2012

Criminals shifting to card-not-present fraud because of chip and PIN success

FICO today released its analysis of data showing that major shifts have occurred in European card fraud patterns. Analysis done on 55 million active credit cards represented by FICO showed that counterfeit fraud fell 60 percent between March 2009 and March 2011.

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Posted 12 January 2012

Fraud levels increased in 2011, says BDO

Reported fraud in the UK broke the £2bn barrier in 2011 but this was dwarfed by the levels of fraud that go unreported, an accountancy group has said.

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Posted 9 January 2012