NIFA is a Network of independent forensic accounting practices providing Solicitors, Barristers and Insurance Companies with forensic accounting forex trading uk tax implications litigation support services. It was formed with the aim of providing an efficient and reliable quality service by experienced forensic accountants reporting to a common standard and consistent format.
All members are qualified Accountants as well as members of either the Academy of Experts or the Expert Witness Institute and are able to pool their considerable combined forensic accounting knowledge, expertise and resources. Viewers of new BBC drama The Split will have seen how forensic accountants are used in divorce cases. Paradise Papers’ leak last Autumn, which produced a flurry of stories, there has been little further news but that changed in April this year with the showing of a BBC Panorama expose. Carillion, in relation to the preparation and approval of the financial statements of the business. Panama Papers’ is to close down is a reminder of how important reputation is to a business. Christine Tacon, has announced a full investigation into the Co-operative supermarket’s treatment of its suppliers.
Hundreds of sub-postmasters have secured funding for a class action lawsuit against the Post Office after being taken to court in 2009. A new show is about to start on BBC1 called Murder, Mystery and My Family. 50,000 until the owners account for how those assets were acquired. The BBC has recently aired a documentary called Millionaires’ Ex-wives Club, in which the ex-wives of the ultra-wealthy discuss how they fought for what they considered was a fair percentage of their ex-husbands’ respective fortunes.
UK has culminated in prison sentences for nine people who preyed on vulnerable elderly victims. The Vatican has been praised by Council of Europe experts for its updated legislation against money laundering and its vigilance in flagging suspected cases. The head of the family court, Sir James Munby, has said that divorce battles among the super wealthy will be heard in separate courts from February next year, making the system quicker and more efficient. In a real-life divorce case brought before the courts earlier this year, a firm of forensic accountants was asked to determine what percentage of the matrimonial assets were contributed over a 29-year marriage by the husband and the wife.
Gupta brothers’ activities in South Africa and HSBC and Standard Chartered. A total of 552 sub-masters, some of whom received jail sentences following prosecution, have taken a group legal action against the Post Office over the controversial computer system. Many people believe that being investigated for financial wrongdoing automatically means that someone is guilty but, actually, forensic investigations are often used to prove someone’s innocence as well as guilt. Following the massacre in Las Vegas last Sunday, there has been huge speculation about the gunman’s motives and attention has turned to his financial history in a bid to find clues. Airbus, Europe’s largest aerospace multinational, appears to be facing years of investigation by French and UK authorities amid allegations of corruption over jet sales. 25 million loan to Northampton Town FC has necessitated the analysis and examination of thousands of financial transactions, more than 500 statements and more than 2,100 exhibits. Recent research shows that the number of white collar crime prosecutions in the UK fell by 12 per cent between 2015 and 2016, even though there was a four per cent increase in the number of reported offences.
The heir-apparent to the Samsung business has been jailed for five years for corruption, including bribery, embezzlement and hiding assets overseas. According to a new study of corporate filings, some UK shell companies under offshore control may be skirting new rules that were designed to clamp down on corruption and tax evasion. While some cases can be brought on strong suspicion of wrongdoing, others require an investigation to see whether or not there is a case to answer. Any investigation in the British courts involves an opportunity for individuals or entities accused of a crime to put their arguments forward. A case that started in Glasgow’s High Court in September 2015 has just ended with the jailing of a married couple for large-scale property fraud in what is believed to be longest criminal trial in UK legal history. UK financial system has reached a record high.
Follow the money’ is a key exhortation in most investigations, as cash is a used as a motivator even in crimes that appear to have nothing to do with it. Investigations have been ongoing for some years in the case of a South Wales man who was found to have hidden assets by a judge earlier this month. A financial investigation by Yorkshire Police into a martial arts charity has prompted the Charity Commission to freeze the charity’s bank accounts. UK’ into a Google search and you get over 200,000 results.
Many may not be relevant but there is no doubt that money laundering features more commonly in the commercial world than ever before. British Cycling has been asked to open its financial records to forensic examination after allegations of impropriety over several years. BBC 4’s series Follow the Money is back on our screens for a second series. Recent research has found that there was a 32 per cent increase in the total value of reported fraud and a 35 per cent increase in the average value of reported fraud in 2016. Ashish Thakkar has recently lost a ruling over the ownership of family assets in his divorce case. BHS may last until April 2019 because of the sheer amount of data compiled.
Fear the secret agent less than the accountant’. 326m hole in the supermarket giant’s accounts. 90bn is laundered through the UK each year, which the Government is aiming to stop with the Criminal Finance Bill currently going through Parliament. 1 from billionaire tycoon Sir Philip Green.