Fraud
Ex-AIA insurance agent pleads guilty to fraud in Singapore
A former agent of pan-Asian life insurance company AIA pleaded guilty for the second time on Thursday to defrauding an elderly couple of more than $5m (£3.4m, €4.4m) after withdrawing her earlier plea.
SFC bans HSBC’s Chow for life
Hong Kong’s Securities and Futures Commission has banned former HSBC staff member Andrew Chow Ho-cheung from re-entering the industry for life after he was convicted for fraud and theft.
Tax & Regulation | 20 Apr 16
Fraudsters ordered to pay £11m in massive boiler room scam
Fraudsters who conducted one of the largest boiler room fraud schemes ever pursued by a UK authority have been ordered to pay their victims £11m ($15.8m, €13.9m) in compensation, the UK’s Serious Fraud Office (SFO) has revealed.
Tax & Regulation | 15 Apr 16
HMRC not doing enough to tackle tax fraud
HM Revenue & Customs has been accused of not doing enough to tackle tax fraud and making “only limited progress” in reducing the UK’s tax losses, according to the House of Commons’ Public Accounts Committee (PAC).
Investment | 15 Feb 16
Investors to receive compensation after FCA prosecution
More than 100 people who invested in a fraudulent collective scheme will collectively receive around £2.9m compensation following the successful prosecution of a fake foreign exchange trader under the Proceeds of Crime Act 2002 (POCA).