EU on the fight against VAT fraud

by | Jun 17, 2022

The EU Council authorised the opening of negotiations with Norway to strengthen the agreement between the EU and Norway on administrative cooperation, combating fraud and recovery of value added tax (VAT) claims…

FinCEN advisory on Elder Financial Exploitation

by | Jun 15, 2022

FinCEN warns FIs about rising trend of elder financial exploitation (EFE), which involves the illegal or improper use of an older adult’s funds, property, or assets and urges financial institutions to detect, prevent, and report suspicious financial...

SFO on fraudulent Global Forestry Investment scheme

by | Jun 15, 2022

Mr Bowers and Mr Skeene were behind Global Forestry Investments, a fraudulent green investment scheme which scammed around 2,000 investors out of their savings and pensions. The fraudulent duo encouraged victims to invest in three Brazilian teak tree plantations,...

SEC charges Tenaris over alleged bribe

by | Jun 2, 2022

SEC announced that Tenaris, a Luxembourg-based global manufacturer and supplier of steel pipe products, will pay more than $78 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) in connection with a bribery scheme…...