OTHER THINGS YOU MAY HAVE MISSED – AUGUST 4

Panama Covid-19 update – 99 Cuban doctors are returning home after supporting the fight against COVID-19 in Panama. they had been intending to stay for 3 months, but in fact stayed for 8.

Meanwhile, a bit of (relatively) good news, as numbers in ICU fall below 100 for the first time since 25 June. There are now 97 people in ICU and 487 in other wards (up from 468), some of the 11,808 active cases (this figure falling 150 from yesterday). Nevertheless, 1,037 new cases reported today, plus 7 new fatalities (plus 2 from earlier periods).

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

4 AUGUST 2021

IRAN-BACKED ARMED ATTACKERS SUSPECTED OF SEIZING TANKER OFF UAE COAST

On 4 August, Microsoft News reported that armed personnel backed by Iran are suspected of seizing an oil tanker off the coast of the UAE in what a Royal Navy threat centre called a “potential hijacking”.  Iran’s Revolutionary Guards denied that its forces or allies were involved.  On 4 August, it was confirmed that the attackers had departed the vessel.

https://www.msn.com/en-gb/news/world/iran-backed-armed-attackers-suspected-of-seizing-tanker-off-uae-coast/ar-AAMTwoF?ocid=msedgntp

https://www.middleeasteye.net/news/uae-tanker-safe-boarders-exit-vessel-hijacked-coast

https://www.rferl.org/a/iran-irgc-britain-maritime-asphalt-princess-uae-hijack/31392112.html

EDWARDS LIFESCIENCES IS CONDUCTING AN INTERNAL INVESTIGATION INTO POSSIBLE VIOLATIONS OF A US ANTIBRIBERY LAW

On 4 August, the Wall Street Journal reported that the medical technology company said the probe concerns the California=based company’s compliance with the Foreign Corrupt Practices Act and is related to grants and other payments by employees in Japan.

AUSTRALIA: FIRST BLOCKING ORDERS AGAINST GAMBLING AFFILIATE WEBSITES

On 4 August, iGB reported that Australian Communications and Media Authority (ACMA) has issued its first blocking orders against 7 affiliate gambling advertising websites.  ACMA said these sites had been presenting themselves as independent reviewers of gambling services.  The ACMA was granted new enforcement powers in 2019 and since these came into effect, 279 gambling sites deemed to have been operating illegally have been blocked.

https://igamingbusiness.com/acma-issues-first-blocking-orders-against-affiliate-websites

NEOGEN, A FOOD-SAFETY AND VETERINARY PRODUCTS COMPANY, FACING OFAC PROBE OVER IRAN SANCTIONS

On 4 August, the EU Sanctions blog reported that Neogen Corporation said that an internal investigation had found that it provided genomic testing to an unrelated US entity engaged in veterinary activities with an Iranian party, and said that it has set aside $600,000 to cover potential fines.

https://www.europeansanctions.com/2021/08/neogen-corp-investigated-over-iran-sanctions-violations/

HONG KONG POLICE ARREST 824 OVER ILLEGAL GAMBLING AROUND EURO 2020

On 2 August, the South China Morning Post reported that Hong Kong police have detained more than 800 people and seized records detailing over HK$3.6 billion worth of bets in a series of operations against illegal bookmaking activities.  It is said that the operations had racked up the highest number of arrests and resulted in the largest amount of money confiscated in relation to illegal gambling in at least a decade.

https://www.scmp.com/news/hong-kong/law-and-crime/article/3143566/hong-kong-police-arrest-824-seize-records-detailing

WEALTHY VENEZUELAN MAN ARRESTED AT MIAMI HOME ON MONEY LAUNDERING CHARGE

On 4 August, KYC360 reported that Naman Wakil was arrested, accused of involvement in a vast money laundering conspiracy case and making an illicit fortune off hundreds of millions of dollars in food and oil contracts with the Venezuelan government and then diverting some of the tainted money into Miami-Dade’s luxury real estate market.  Wakil, a Syrian-born entrepreneur was earlier named in the 2016 Panama Papers scandal that exposed secret shell companies set up by the clients of a Panamanian law firm, Mossack Fonseca. 

https://kyc360.riskscreen.com/news/u-s-agents-arrest-wealthy-venezuelan-man-at-miami-home-on-money-laundering-charge

JERSEY TRUST PAPERS RAISE MORE QUESTIONS FOR MAXWELL BROTHERS

On 4 August, KYC360 reported that Britain’s one-time biggest bankrupt Kevin Maxwell and his brother Ian face questions about their opaque finances and the nature of some of their debts.  This follows the discovery of papers from La Hougue, a Jersey-based trust company, which media organisations have accused of perpetrating a massive fraud involving the creation of fake loans and agreements used to dupe creditors, avoid tax and hide the theft of cash and other assets.

https://kyc360.riskscreen.com/news/jersey-trust-papers-raise-more-questions-for-maxwell-brothers

SFO DEFERRED PROSECUTION AGREEMENT WITH AMEC FOSTER WHEELER ENERGY LTD – GUIDANCE FOR OTHER COMPANIES

On 3 August, TQ Legal reported on the £103 million DPA settlement re dealings in the oil and gas sector by Foster Wheeler Energy Limited (FWEL), which was acquired by AMEC in 2014.  It is said that the contents of the DPA between the SFO and AFWEL offer a useful guide to the types of policies and procedures that corporations and companies reliant on overseas agents and third-party intermediaries require to mitigate the potential for bribery and corruption in their operations; and such policies and procedures, and their regular review and improvement, should be at the heart of all organisations of this nature.

https://www.tqlegal.co.uk/blog/general/serious-fraud-office-sfo-enters-into-103m-deferred-prosecution-agreement-dpa-with-amec-foster-wheeler-energy-ltd/

PIRACY SURGE IN ATLANTIC OCEAN DRIVING A SECURITY-BOAT BUILDING BOOM IN SOUTH AFRICA

Business tech on 4 August reported that Paramount Maritime Holdings, a unit of Africa’s biggest privately owned arms-maker, Paramount Group currently has 26 boats with a total price tag of about $60 million under construction.  Almost a third of the 68 piracy incidents reported in the first half of this year occurred in the Gulf of Guinea, and all 50 crew members that were taken hostage were abducted there.

https://businesstech.co.za/news/business/510824/piracy-surge-in-atlantic-ocean-driving-a-security-boat-building-boom-in-south-africa/

MEDICAL OPIUM INDUSTRY ON BRINK OF COLLAPSE, WARN UK POPPY FARMERS

On 3 August, the Financial Times reported that the UK government has declined to grant a licence to continue exports of products to make morphine and other painkilling medicines.  The dispute threatens an industry that farmers have said is worth about £50 million annually and used in crop rotation systems.  Producers said that the Home Office should introduce a “cultivation licence” to allow exports to pharmaceutical manufacturers in the Netherlands and Australia.

https://www.ft.com/content/ee6ac233-8194-4b2a-91d7-1d2101c07fa9

MONACO: NEW LAW STRENGTHENING THE FIGHT AGAINST MONEY LAUNDERING, TERRORIST FINANCING AND CORRUPTION

On 4 August, an article from CMS Law said that the purpose of a new law is to strengthen the legislative arsenal in the Principality of Monaco in the fight against money laundering, terrorist financing and corruption, and implementing the EU Fifth AML Directive.  The law includes extension of the accessibility of the register of beneficial owners and the register of trusts, creation of a register of payment accounts, bank accounts and safety deposits, and clarification of EDD measures for business relationships or transactions involving high-risk third countries . 

https://www.mondaq.com/white-collar-crime-anti-corruption-fraud/1097264/new-monegasque-law-strengthening-the-fight-against-money-laundering-terrorist-financing-and-corruption-amlcftco

7 ARRESTED IN SCHIPHOL DRUG TRAFFICKING INVESTIGATION

On 4 August, NL Times reported that 7 people were arrested in the past 7 weeks and total of 13 people are suspected, 10 of whom work for a company at the airport.  All 7 worked for a company based at the airport and had Schiphol access badges. In the same investigation, customs intercepted 321 kg of cocaine from Ecuador at Schiphol at the end of May.

https://nltimes.nl/2021/08/04/seven-arrested-schiphol-drug-trafficking-investigation

https://www.dutchnews.nl/news/2021/08/workers-with-access-badges-to-schiphol-arrested-for-drug-smuggling/

INDIA: 12,889 SHELL COMPANIES STRUCK OFF IN FY 2020-21
On 4 August, Taxscan reported that the Indian Government has undertaken a special drive for identification and strike off of shell companies.

https://www.taxscan.in/12889-shell-companies-struck-off-in-fy-2020-21-says-mos/125756/

JERSEY GIVES AIRCRAFT REGISTRY 18 MONTHS MORE TO TAKE OFF

On 4 August, Guernsey Press reported that the Jersey register seems to have never really got off the ground after having cost nearly £1 million to establish.  There are only 3 active registrations on the Jersey register – whereas Guernsey’s passed 500 in 2019 and the Isle of Man also runs a successful aircraft registry.

https://guernseypress.com/news/2021/08/04/jersey-gives-aircraft-registry-18-months-more-to-take-off/

UK: POLICE POWERS, DETENTION AND CUSTODY

On 3 August, the House of Commons Library issued a research paper which describes police detention powers, outlines the recent history of their reform, and describes the policy custody estate.

https://researchbriefings.files.parliament.uk/documents/CBP-8757/CBP-8757.pdf

Part of a series of briefing papers on police powers, see also –

https://commonslibrary.parliament.uk/research-briefings/cbp-8637/

US BRIBERY INVESTIGATION SPURS CALLS FOR GREATER TRANSPARENCY IN NIGERIAN OIL SECTOR

On 4 August, Global Trade Review reported that a US bribery investigation into a former Glencore employee – Anthony Stimler, a UK-based trader who worked on Glencore’s West Africa desk until 2019 – has revived long-standing questions over corruption in Nigeria’s oil sector, and experts believe ambitious legislative reform is still needed.  Swiss-headquartered Glencore is not named in the documents, which only refer to a commodity trading and mining company with global operations, as well as two unnamed subsidiaries based in the UK – but the trading giant has acknowledged Stimler’s plea in a response statement.

https://www.gtreview.com/news/africa/us-bribery-investigation-spurs-calls-for-greater-transparency-in-nigerian-oil-sector

EX-MUMBAI TOP COP CHALLENGES SUMMONS ON CORRUPTION PROBE

On 4 August, the New Indian Express reported that a senior officer has filed a petition in the Bombay High Court challenging an order issued by a one-member inquiry commission, set up by the Maharashtra government to probe into allegations of corruption against former state home minister Anil Deshmukh, directing the former Mumbai police commissioner to appear before it for deposition.  He also challenged the legality of the commission’s inquiry. 

https://www.newindianexpress.com/cities/mumbai/2021/aug/04/ex-mumbai-top-cop-param-bir-singh-moves-hc-to-challenge-panels-summons-on-corruption-probe-2340137.html

UK: CROWN COURT CLOGGED BY LOW VALUE FRAUD CASES

On 3 August, the Law Society Gazette reported that the Crown Court heard almost double the number of fraud cases in the first half of 2021 than in the same period last year – but a drop in the value of alleged frauds suggests that complex hearings are still being delayed.  151 criminal fraud cases – each worth over £100,000 – were heard in the first 6 months of 2021, whereas just 180 cases were heard in the whole of 2020.  However, the total value of alleged fraud reaching UK courts fell by 70% year-on-year to £139.1 million – compared to the first half of 2019 (£319 million) and the first half of 2018 (£895 million).

https://www.lawgazette.co.uk/news/crown-court-clogged-by-low-value-fraud-cases/5109449.article

UK – RESPONSE TO THE NATIONAL INFRASTRUCTURE COMMISSION FREIGHT REPORT, “BETTER DELIVERY: A CHALLENGE FOR FREIGHT”

On 4 August, the Department for Transport responded to the report on how to ensure an efficient, low-carbon freight system.  The response sets out the Government’s position on the recommendations and announces the intention to form a partnership with the freight industry to create a ‘future of freight’ strategic plan with a cross-modal focus.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1008495/government-response-to-better-delivery-a-challenge-for-freight.pdf

CONTROVERSIAL NILE DAM TO TEST REGIONAL DIPLOMACY

On 4 August, an article from Control Risks says that negotiations between Egypt, Ethiopia and Sudan over the Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile are expected to continue in the coming month.  Ethiopia on 18 July said it had already reached its target in the second phase of the filling of the GERD’s reservoir despite strong objections from Egypt and Sudan, which are concerned about the potential negative impact of the dam on the volume of water downstream.  It is said that increasingly belligerent rhetoric is likely from both sides over the coming months as leaders attempt to project an image of strength to their domestic audiences.

https://www.controlrisks.com/our-thinking/insights/water-wrangles-controversial-nile-dam-to-test-regional-diplomacy

“A SCANDAL WITHIN A SCANDAL”: CALL TO INVESTIGATE POST OFFICE LAWYERS

On 4 August, Legal Futures reported that researchers have called for an investigation into whether lawyers involved in the Post Office Horizon litigation committed professional misconduct, calling it a “scandal within a scandal”.

https://www.legalfutures.co.uk/latest-news/a-scandal-within-a-scandal-call-to-investigate-post-office-lawyers

THE FCA AND FRAUD –THE STORY OF A RELUCTANT PROSECUTOR

On 4 August, a blog post from law firm Corker Bining follows the House of Commons Treasury Committee report into the FCA’s regulation of London & Capital Finance.  The post considers one element – the FCA’s attitude to combatting fraud.  The Committee held that the scandal was allowed to happen because the FCA decided that its activities were unregulated or beyond the FCA’s regulatory perimeter.  According to the Committee, the FCA’s deficiency in relation to fighting fraud is epitomised by the fact that its mindset is that fraud is “principally a matter for the police” – which did not find favour with the Committee. 

https://www.corkerbinning.com/the-fca-and-fraud-the-story-of-a-reluctant-prosecutor/ 

HOW RUSSIAN MONEY KEEPS BELARUS AFLOAT

On 30 July, Deutsche Welle says that Moscow does not financially support any other country as generously as it does Belarus.  Deutsche Welle spoke with economic experts to learn about this lopsided relationship, and the strain it places on the Russian budget.

https://www.dw.com/en/how-russian-money-keeps-belarus-afloat/a-58680063

JAPAN SEES CRYPTOCURRENCY DEALERS AS PART OF AML PLAN

On 4 August, the Wall Street Journal reported that Japan’s top financial regulator has said that his planned platform to combat money laundering could include cryptocurrency dealers, which he said have the same obligation as traditional financial institutions to make sure they don’t deal with criminals.  The FSA is planning to create a common industrywide system that financial firms could use to judge whether their clients might be terrorists and whether client accounts are at risk of being used for money laundering.

https://www.wsj.com/articles/japan-sees-cryptocurrency-dealers-as-part-of-anti-money-laundering-plan-top-financial-regulator-says-11628084122

GENERAL DATA PROTECTION REGULATION AND SINGAPORE’S PERSONAL DATA PROTECTION ACT COMPARED

This document from One Trust Data Guidance and Lawyers Who Know Asia sets out to provide the information necessary to ensure that a Singapore-based organisation is compliant with the 2 sets of applicable regulations.

https://media-exp1.licdn.com/dms/document/C561FAQH-niD3MtPQAw/feedshare-document-pdf-analyzed/0/1628050669706?e=1628175600&v=beta&t=hkwyoZI856uMGjCtgNiDeTcS5h9BfBFxdIWJYU8PSTA

PODCAST: “FAT LEONARD”

In the latest TRACE podcast, Craig Whitlock of the Washington Post describes the sleaze and corruption that compromised the top ranks of the Seventh Fleet.  This episode was originally published in May 2017.

https://www.traceinternational.org/resources-podcast

https://www.statista.com/chart/7008/what-does-the-world-worry-about

FBI JOINS AN INQUIRY INTO MIRROR TRADING INTERNATIONAL (MTI), ONE OF THE BIGGEST CRYPTO FIRMS BASED IN SOUTH AFRICA

On 4 August, Finbold reported that the FBI is collaborating with MTI’s liquidators to protect the interests of several US and local investors who are out of pocket.  Mirror Trading International had approximately 260,000 members worldwide and also held a total of 23,000 Bitcoins, now worth around $885 million. MTI was placed in final liquidation in June 2021.

https://finbold.com/fbi-joins-forces-in-dismantling-south-africas-biggest-crypto-scam-mirror-trading/

BELGIUM SEIZES TENS OF MILLIONS OF COUNTERFEIT CIGARETTES

On 4 August, the Daily Mail reported that Belgium’s customs officers arrested 40 people Wednesday and seized tens of millions of counterfeit cigarettes in raids targeting illegal production sites across the country.  Customs officers also discovered tons of tobacco, cigarette filters, empty packs and glue. The operation targeted 10 different production sites.

https://www.dailymail.co.uk/wires/ap/article-9861273/Belgium-seizes-tens-millions-counterfeit-cigarettes.html

IMO EXTENDS FRAUDULENT REGISTRY PROBE AS FALSELY FLAGGED SHIPS NAMED

Lloyds List on 4 August reported that 66 vessels, mostly under 5,000 gross tonnes, have been identified as falsely flagged with 15 registries, a IMO secretariat report shows.

https://www.ecomlogistics.com/2021/08/03/imo-extends-fraudulent-registry-probe-as-falsely-flagged-ships-named/

CALIFORNIA ATTORNEY SENTENCED FOR CONSPIRACY TO COMMIT $12 MILLION WIRE FRAUD AND MONEY LAUNDERING

On 4 August, a news release from US DoJ announced that former California attorney David Kaplan, of Las Vegas, had been sentenced for conspiracy to commit wire fraud and money laundering. Kaplan and 2 other individuals worked to defraud investors out of money and property through materially false and fraudulent representations. The co-conspirators obtained approximately $12 million from investors by claiming they could invest risk-free in offshore investments with an occasional 10% return on investment per month. 

https://www.justice.gov/usao-co/pr/attorney-sentenced-conspiracy-commit-wire-fraud-and-money-laundering

UKRAINE: COURT RETURNS TO STATE OWNERSHIP TYCOON’S STAKE IN TITANIUM PLANT

On 4 August, Reuters reported that a court has ruled that a titanium and magnesium plant 49% owned by Ukrainian tycoon Dmytro Firtash should return to full state ownership.  It is said that Firtash did not fulfil obligations to modernise the plant, but instead moved funds from the plant to offshore companies.

https://www.reuters.com/world/europe/ukraine-court-returns-state-ownership-tycoons-stake-titanium-plant-2021-08-04

UKRAINE OFFERS TAX AMNESTY

On 2 August, Baker McKenzie reported that, on 15 June, the Parliament of Ukraine adopted a law commonly referred to as the Tax Amnesty Law, which introduces voluntary disclosure programme with respect to unreported taxable income and assets; and the law entered into force on 27 July.

https://www.globalcompliancenews.com/2021/08/04/ukraine-offers-tax-amnesty-23072021/

ISLE OF MAN: AML/CFT HANDBOOK UPDATE WEBINAR

On 4 August, the FSA made available a recording of a webinar, and the slides presented.  The webinar on 27 July explained the update to the AML/CFT handbook, with an increased emphasis on a risk-based approach.

https://www.iomfsa.im/about/webinars/

https://www.iomfsa.im/fsa-news/2021/aug/amlcft-handbook-update-webinar/

US: SENTENCING IN NEW YORK IN BILLION-DOLLAR MONEY LAUNDERING SCHEME

A news release from the New York State AG on 4 August announced that the owner of former payroll service companies MyPayrollHR and ValueWise ordered to pay more than $100 million in restitution to victims; and Michael Mann sentenced to 8 to 24 years in state prison for scheme that defrauded thousands of employers in New York and across the US.  The case is said to involved laundering more than $1 billion in stolen funds from employers, employees, financial institutions, and financing companies between 2016 and 2019.  The case developed from September 2019, when one of Mann’s banks became suspicious and froze a number of his accounts, ultimately exposing his fraudulent conduct.  It is said that hundreds of businesses that entrusted their payroll to Mann’s entities, along with thousands of employees, were left in the lurch, and some businesses were forced to cease operations as a result. In August 2019, for example, over 800 employers paid more than $28 million in payroll that Mann diverted for his own benefit.

https://ag.ny.gov/press-release/2021/attorney-general-james-and-state-police-superintendent-bruen-announce-sentencing

US: SYRIAN MAN CHARGED IN VENEZUELAN BRIBERY AND MONEY LAUNDERING SCHEME

On 4 August, The State reported an AP report that Naman Wakil, 59, a Syrian man living in South Florida has been charged with laundering money and bribing Venezuelan officials in exchange for receiving lucrative contracts from its state-owned energy and food companies.

https://www.thestate.com/news/business/national-business/article253266548.html

MACHINES ARE TAKING OVER – ARE WE READY?: LAW AND ARTIFICIAL INTELLIGENCE

The Singapore Academy of Law has produced a Special Issue on Law and Technology, which includes this article which says that AI has consequences for practical legal matters like liability, procedure and similar, and for philosophical and ethical questions: is it always suitable to use AI, how to deal with consequences for human rights?  The article presents practical examples from Estonia, which is beginning to include AI in legislation, and discusses what questions should be asked when creating and implementing AI law.  While some legislation can quite easily be adapted, sometimes a new way of thinking may be needed.  This is not primarily a legal question, but lawyers need to contribute in order to highlight challenges and suggest solutions.

https://journalsonline.academypublishing.org.sg/Journals/Singapore-Academy-of-Law-Journal-Special-Issue/Current-Issue

https://journalsonline.academypublishing.org.sg/Journals/Singapore-Academy-of-Law-Journal-Special-Issue/Current-Issue/ctl/eFirstSALPDFJournalView/mid/503/ArticleId/1596/Citation/JournalsOnlinePDF

Also in the edition – ARTIFICIAL INTELLIGENCE AND EVIDENCE

In this article, it is proposed that tthe proliferation and use of AI systems that are powered by machine learning to gather and process information means that admitting such evidence will raise issues not only about the admissibility of electronic evidence but also about the limitations inherent in machine learning.  It argues that the treatment of the presumption of reliability of computer systems, including AI systems, as a conclusive, legal presumption fails to understand that software systems can produce subtle mistakes that are not obvious. [the presumption of reliability is said to have played a part in the UK Post Office Horizon scandal].  The article argues that the authentication of electronic evidence should be subject to a clear procedure to be developed by the courts, especially in an era of “deepfakes” and other digitally manipulated data.

https://journalsonline.academypublishing.org.sg/Journals/Singapore-Academy-of-Law-Journal-Special-Issue/Current-Issue/ctl/eFirstSALPDFJournalView/mid/503/ArticleId/1602/Citation/JournalsOnlinePDF

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

AUSTRALIA: INTERNATIONAL HUMAN RIGHTS AND CORRUPTION (MAGNITSKY SANCTIONS) BILL 2021

On 4 August, the EU Sanctions blog reported that this Bill had been introduced into the Senate and, if enacted, it would empower the Australian government to impose targeted sanctions to address human rights violations and serious corruption, similar to existing US and UK regimes.

https://parlinfo.aph.gov.au/parlInfo/download/chamber/hansards/cc2b3d91-d8ca-4ed3-a179-cce9561bc86e/toc_pdf/Senate_2021_08_03_8996.pdf;fileType=application%2Fpdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

US CUSTOMS “WITHHOLD RELEASE ORDER” REGARDING SEAFOOD HARVESTED WITH FORCED LABOUR

On 4 August, KPMG reported that CBP has issued a “withhold release order” against a Fijian-flagged and owned longline fishing vessel, based on information that “reasonably indicates the use of forced labour in the vessel’s fishing operations”.  It cites withholding of wages, debt bondage and retention of identity documents.  With effect from 4 August, all US ports of entry will detain tuna and other seafood harvested by the Hangton No. 112, a Fijian-flagged and -owned fishing vessel.

https://home.kpmg/us/en/home/insights/2021/08/tnf-cbp-withhold-release-order-regarding-seafood-harvested-forced-labor.html

https://www.cbp.gov/newsroom/national-media-release/cbp-issues-withhold-release-order-seafood-harvested-forced-labor-0

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

UK LAUNCHES “BEATING CRIME PLAN” WITH A FOCUS ON FRAUD

On 4 August, an article from Eversheds Sutherland about the Plan which sets out the UK Government’s strategy for cutting crime.  One of the key focuses, as set out in the Plan, is the UK Government’s proposal to tackle fraud.  The publication of the Plan follows hot on the heels of other government agencies who have set out their proposed plans to fight fraud.  The article considers the existing approach for reporting fraud and the planned new approach as set out in the Plan.

https://www.eversheds-sutherland.com/global/en/what/articles/index.page?ArticleID=en/Corporate_Crime/UK_Government_launches_new_Beating_Crime_Plan

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

GUIDELINES TO ENABLE WHISTLE-BLOWER PROTECTION IN THE HEALTH-CARE SECTOR

The UN Office of Drugs and Crime has published this guide which says that the estimated cost of corruption in the health-care sector is already very high under normal circumstances.  For instance, in 2008, WHO estimated that out of $5.7 trillion spent world-wide on health, $415 billion (around 7.3%) was lost to health-related fraud and abuse.  It says that preventing corruption in the health-care sector is critical because of the undue risk it poses to human lives; and that it is essential, therefore, that states and health-care sector organisations establish safeguards and oversight mechanisms to prevent corruption.  The guidelines provide a step-by-step process that an organisation can follow to establish internal policies and procedures that facilitate the disclosure of allegations of wrongdoing and protect reporting persons.  The guidelines include the information necessary to establish an open and fair reporting culture that encourages people to speak up early when they have a concern.

https://www.unodc.org/documents/corruption/Publications/2021/Speak_up_for_Health_-_Guidelines_to_Enable_Whistle-Blower_Protection_in_the_Health-Care_Sector_EN.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

SPAIN TAKES DOWN COUNTERFEIT CLOTHING MANUFACTURING RING

On 3 August, OCCRP reported that Spanish authorities have busted a counterfeiting ring that was producing knock off clothing in a quantity valued at nearly $19 million.  It is said that 2 types of counterfeiting have been detected, one of high quality from Portugal and ready for immediate sale and another for which they use ‘neutral’ bases from China to which they add labelling, logos, and distinctive signs of renowned brands.

https://www.occrp.org/en/daily/14954-spain-takes-down-counterfeit-clothing-manufacturing-ring

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

UK: BROAD NEW FINANCIAL INSTITUTION NOTICES FOR HMRC TO OBTAIN ACCESS TO TAXPAYER DATA HELD BY FINANCIAL INSTITUTIONS

On 4 August, UK Finance reported that a new measure allows HMRC to obtain access to taxpayer data held by financial institutions. Financial Institution Notices (FIN) allow HMRC to demand taxpayer information from a financial institution without obtaining tax tribunal approval.  It is said that HMRC believes that this will allow it to respond to international information requests quickly and bring the UK into line with international standards on tax transparency.

https://www.ukfinance.org.uk/news-and-insight/blogs/broad-new-financial-institution-notices-launched

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y