UK fraud office launches review after director implicated in Unaoil scandal July 14, 2020 The UK Serious Fraud Office (SFO) said yesterday it would launch a review after its head was rebuked by a London judge for being vulnerable to flattery from a freelance agent during a high-profile bribery investigation into oil consultancy Unaoil. Judge Martin Beddoe said SFO head Lisa Osofsky and senior colleagues had “taken the bait” [...]
Holy orders: Vatican rolls out ‘no jab, no job’ policy February 18, 2021 The Vatican has issued a decree to its 5,000 staff warning that those who refuse a Covid vaccination may be fired. Employees at the holy site must have a documented medical reason for refusing a jab or face “consequences of various degrees which may go as far as the termination of employment”, said Cardinal Giuseppe [...]
The CAs seeking justice in forensic accountancy September 17, 2021 As crime increasingly moves from street to balance sheet, more and more CAs are finding themselves playing a part in the fight against fraud. Karam Filfilan speaks to forensic accountants about the growth of the specialism. This article first appeared in ICAS’ CA magazine. When people hear the word “forensic”, their imaginations are transported to a [...]
Salaries to increase next year as companies move to lift pay freezes December 3, 2020 UK private sector workers are set to receive average pay rises of 2.4 per cent in 2021, according to data released by Willis Towers Watson this morning. The number of UK companies expecting to freeze pay is expected to fall sharply next year, in a further sign of cautious optimism for 2021. The more upbeat [...]
Uber faces final Supreme Court appeal to argue drivers are not employees July 20, 2020 Uber will tomorrow begin one final attempt to overturn a ruling that means it must treat its drivers as “workers” in what could be a landmark case for UK employment rights. The ride-hailing app has already been defeated on the two previous occasions it has tried to challenge the ruling, which was first made in [...]
Doner kebab top of the list for convicted Libor-rigger Tom Hayes after he’s freed from jail January 29, 2021 Doner kebab top of the list for convicted Libor-rigger Tom Hayes after he's freed from jail
CBD revolution: A Covid-proof industry seek the green light December 23, 2020 Even the most prosperous companies have had their work cut out for them this year, as the pandemic hit the global economy, spurring volatility on an unimaginable scale. Yet, in the often-paradoxical world of business, some industries have emerged from the crisis in a favourable position. And it looks like cannabis is among them. 2020 [...]
Aggressive hiring by US law firms in London winning market share March 5, 2020 The aggressive hiring pursued by US law firms in London is winning them market share at the expense of their UK rivals, research published today said. US law firms operating in the UK averaged 5.8 per cent lawyer headcount growth last year, according to the report from Thomson Reuters and Acritas. Demand for American law [...]
AI is here and compliance needs to respond June 29, 2020 Automation and artificial intelligence (AI) are set to pose a unique challenge to the future workplace, including the compliance profession. How should compliance respond to such innovation? Handwringing over technology and automation replacing human beings in the workplace has a long history and is far from being unique to our times. When unveiling his automated [...]
G4S rebuffs Gardaworld’s takeover offer as it “significantly undervalues” company October 19, 2020 G4S (GFS) has dismissed Gardaworld’s hostile takeover bid, after the outsourcing giant claimed its 190p per share offer “significantly undervalues the company and its prospects”. In a filing to the London Stock Exchange, G4S said its board had unanimously rejected Canadian rival Gardaworld’s offer because it was “not in the best interests of shareholders or [...]