Danske Bank’s acting CEO, Jesper Nielsen, recently reported that the bank has almost two and half billion dollars set aside to handle the potential fines that are still yet to come following the firm’s money laundering which dates back to 2007. The scandal involved over 15,000 customers and more than nine million transactions.
NatWest refunds fraud victim £20,000 – BBC Watchdog
Arun Chauhan sits on the Fraud Advisory Panel re: Guardian ‘push payment’ fraud.
It is inevitable that email will be used as a platform to communicate bank details – either in the body of the email itself or via attached invoices in PDF formats.
Rip Off Britain – Oct 2018
Breach of trust, Employee Fraud, Fraud investigation
Postal interception and identity theft are still very common in today’s society – the effects of which can be devastating for those who fall victim.
In order to help those affected, Tenet’s founder, Arun Chauhan, has been working with BBC’s Rip Off Britain to offer expert advice on how to be vigilant in order to protect yourself from identity fraud and how to act quickly in response to any breaches.
Certainty reigns: the importance of good governance
More than one year on from the landmark Court of Appeal decision in Randhawa v Turpin, where Tenet acted for the Randhawas (creditors of BW Estates Limited). This article reminds us of the facts of the case, the decision of the Court and the application of the Duomatic principle, whilst providing practical tips on how to ensure that decisions taken by shareholders and directors remain bulletproof.
Financial crime in sport; exploring why participants make the decision to cheat
In this article Tenet provides an insight into why people commit fraud and considers if the drivers to do so are different in the sporting world than in other sectors. The article focusses on what drives self-control to regulate a person's own conduct whilst summarising the purpose of having financial crime compliance as a key agenda item in the sports sector whether for clubs or governing bodies.
The challenge posed by international asset tracing
In the final of four posts on asset recovery in fraud claims, Arun Chauhan considers the challenges posed by international asset tracing for cases anchored and litigated in England against a defendant that appears to hold assets overseas.