IFA and accountant jailed in UK for film tax fraud
An accountant and an independent financial adviser have been jailed in the UK following their conviction for attempting to steal millions in a tax fraud linked to the film industry.
Fraud
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Tax fraud costs UK government £16bn a year
HM Revenue & Customs loses billions each year as a result of fraud and needs to improve its use of data and analysis to tackle tax fraud, the hidden economy, and criminal attacks, according to a new report.
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IFA and tax promoter guilty of film tax fraud
An IFA and an accountant have been convicted of attempting to steal millions in a tax fraud linked to the film industry.
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Pensions association calls on industry to address fraud
The Pensions Administration Standards Association (PASA) has called on the pensions industry to do more to protect pension savers from fraud.
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DeVere warns of rise in pension liberation scams in Qatar
Pension liberation scammers are increasingly targeting expatriates in Qatar, warned independent financial advice giant, deVere.
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FCA bans former UBS rogue trader Adoboli
The Financial Conduct Authority has banned Kweku Mawuli Adoboli, the former UBS trader who unauthorised trading caused the Swiss bank to lose $2.25bn, from performing any function in relation to any regulated financial activity.
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Global film scheme gang on trial for £100m tax fraud
A financial adviser and a group of film producers who set up an international scheme are facing a trial for fraud.
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SFO seeks more evidence for final stages of Harlequin probe
Investors into troubled overseas property company Harlequin have been asked to come forward and give evidence to assist the Serious Fraud Office in the final stages of its criminal investigation.
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Serious Fraud Office plans budget cut of 35% despite rise in inquiries
The Serious Fraud Office is to cut its budget by 35% over the next financial year, despite a rise in the number of new investigations opened during 2014-15.
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Time for FCA to refocus on fraudsters, says RPC
The surprise departure of Martin Wheatley as head of the Financial Conduct Authority could be an opportunity for the UK regulator to refocus activity on small-scale fraudsters who target the unsophisticated retail investor, says City law firm RPC.
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Liberation schemes are biggest pension scam perpetrator
The vast majority of pension fraud cases reported in the UK last year were linked to fake pension liberation schemes, new figures reveal.
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Ex-director extradited to UK after £3.5m fraud
A former UK company director who produced false documents designed to deceive creditors into financing his firm is facing extradition and a prison sentence after he fled to South Africa.