The past year has seen the most fraud cases since 1995 and the UK is not alone. In the US, the SEC’s lack of focus on Bernard Madoff put millions at risk. Can anyone get it under control?
How a few months can change the perception in business to the risk of fraud. It does not seem long ago that, in relation to fraud issues, the main topic of conversation in City regulatory practices was the risk of US investigations and the threat of extradition of UK businessmen. Shortly before that, businesses had been dealing with the Money Laundering Regulations 2007 and ensuring their compliance.
