40 police officers have been involved in the operation in the South-East of England which has led to a number of co-ordinated searches on four houses, the business unit of a gaming company and a solicitor’s office. Police officers have seized documents from the sites searched. As a result of the raids police have arrested four men on charges of conspiracy to defraud.
HM Revenue and Customs officers arrested 21 people in raids in a multi million pound construction industry fraud.
The arrests were made on suspicion of conspiracy to cheat the public revenue and money laundering offences under the Proceeds of Crime Act 2002. The Act was designed to take the profit out of crime, making it harder for money to be laundered and depriving criminals of their illicit wealth.
Following an OFT investigation into the sports retail market, it has been announced that the Serious Fraud Office (SFO) has now begun its own investigations into JJB Sports and Sports Direct.
JJB Sports revealed that it had stated its concerns about possible cartel activity in its market to the OFT which in turn has been granted immunity from any financial penalty in the event that competition rules have been broken.
The FSA has banned Cornwall mortgage broker Stephen Sanders for submitting at least three mortgage applications on behalf of customers which he knew contained false and misleading income information.
New Cifas stats paint bleak picture for the UK’s financial institutions and card companies.
Identity fraud surged by nearly three quarters in the first half of the year, driven by continued malicious online activity, and the economic slowdown, according to new figures from UK fraud prevention service Cifas.
The Government’s new strategy for tackling serious organised crime, entitled Extending Our Reach: A Comprehensive Approach to Tackling Serious Organised Crime, has been published.
The strategy endorses many of SOCA’s current ways of working, including by seeking to cement a collaborative approach and to embrace wide-ranging tactics.
Investigation shows Taliban in Afghanistan and Pakistan get money from extortion, crime and drugs
Taliban refer to extortion money as tolls, taxes or zakat
PESHAWAR: For the Taliban in Afghanistan and Pakistan, money is coming mostly from extortion, crime and drugs, an AP investigation claims
An Afghan criminal who boasted he was Europe’s biggest people smuggler has been jailed for 9 years for smuggling illegal immigrants into the UK.
Over 12.5 tonnes of cannabis resin – enough to produce 36 million spliffs – has been incinerated after an investigation by the Serious Organised Crime Agency.
The drugs seizure, from the tug boat ‘Abbira’ which had docked at Southampton, represents one of the largest seizures of cannabis resin in the UK. It was destroyed in a specialist incinerator and needed 6 separate burnings to cope with the volume.
The number of offshore financial centres could shrink by half within the next five years as the worldwide crackdown on tax havens gathers pace, according to a prominent Jersey-based financial lobbyist.