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Rosenblatt’s and Grant Thornton’s Virtual Event Series: Data Protection Session

In the fourth session of Rosenblatt’s and Grant Thornton’s Financial Crime Resilience virtual event series, we discuss the move to remote working becoming the new normal and we take a deeper dive into data protection. What does the public want and how should businesses respond? Watch the full Data Protection session below:

Serious Fraud Office | Bombardier | Rosenblatt Financial Crime Team

On 5th November 2020 the Serious Fraud Office (SFO) announced it is investigating Canadian aircraft manufacturer Bombardier Inc. on allegations of bribery and corruption. SFO Investigation | Rosenblatt’s Financial Crime Team The SFO confirmed that Bombardier was being investigated for suspected bribery and corruption in relation to contracts and/or orders from Garuda Indonesia, the national airline of Indonesia. It has […]

HMRC | Furlough Investigations | Rosenblatt’s Financial Crime Team

On 12th November 2020 HMRC revealed that it intends to investigate 10,000 businesses over possible abuses of the government’s Coronavirus Job Retention Scheme, while also confirming that nearly £400m of furlough grants have been paid back. HMRC Investigations | Rosenblatt’s Financial Crime Team The figures were revealed during an evidence session of the Public Accounts Committee by HMRC permanent secretary […]

COVID-19 | National Restrictions for England

On 5th November The Health Protection (Coronavirus, Restrictions) (England) (No. 4) Regulations 2020 setting out rules for a further lockdown in England came into force. The regulations are designed to slow or halt Covid-19 infection rates by restricting movement of people unless for specific reasons. They replace the local tiered restrictions which came into force on 12th October and apply […]

Covid-19 | Impact of Debt | Rosenblatt’s Financial Crime Team

Earlier this month credit ratings agency Moody’s downgraded the UK’s sovereign debt credit rating from Aa2 to Aa3 with the impact of Covid-19 a key factor in the decision. In June the International Monetary Fund forecast that the overall gross public-debt-to-GDP ratio of advanced economies would rise from 105% last year to 132% by 2021. This negative outlook is reflected […]

Europol Operation | QQAAZZ Cybercrime Network | Rosenblatt’s Financial Crime Team

On 15th October 2020 Europol announced the arrest of 20 individuals suspected of belonging to the QQAAZZ criminal network following an international law enforcement operation involving the UK’s National Crime Agency (NCA). NCA Investigation | Rosenblatt’s Financial Crime Team The NCA announced it had arrested six men as part of the investigation, with a further 14 arrests made in Europe, […]

National Crime Agency | Bounce Back Loans Update | Rosenblatt’s Financial Crime Team

Following an article published by Frances Murray of Rosenblatt’s Financial Crime department on 28th October 2020, the National Crime Agency (NCA) announced it had arrested a 52-year-old man from Hertfordshire in connection with allegations of Bounce Back Loan fraud. Criminal Proceedings | Rosenblatt’s Financial Crime Team The NCA said the man was arrested on 27th October 2020 at an address […]

Rosenblatt’s and Grant Thornton’s Virtual Event Series: Cyber Session

Cyber risk continues to be an ongoing concern for organisations, and firms need a more dynamic and comprehensive approach to tackling cyber threats. In this third session of Rosenblatt’s and Grant Thornton’s Financial Crime Resilience virtual event series, we discussed the evolving cyber threat, and offered insight into what we are seeing in the market. Watch the full Cyber session […]

Financial Crime Resilience Virtual Event Series: Data Protection

In this final session of Rosenblatt’s and Grant Thornton’s Financial Crime Resilience virtual event series, we will take a deep dive into data protection looking at the achievements and failures of data protection and where data privacy is going in the UK and globally. We will consider what the public wants and how should businesses respond. To register, click below: […]

Bounce Back Loans | Covid-19 Fraud | Rosenblatt’s Financial Crime Team

On 7th October 2020 the National Audit Office (NAO) announced up to 60 per cent of borrowers using the government’s Covid-19 Bounce Back Loan scheme could default on repayments due to fraud. Bounce Back Loan Fraud | Rosenblatt’s Financial Crime Team The NAO said the Bounce Back Loan scheme, which was launched in May 2020, could result in between £15bn […]