Government puts anti-corruption spotlight on ‘corrupt lawyers, bankers, and accountants’ Legal The UK government launched a new anti-corruption strategy targeting “professional enablers”, such as “corrupt lawyers, accountants and bankers” who help dirty money flow. It is estimated that over £100bn is laundered through the UK every year by the National Crime Agency (NCA). The corruption has also affected British businesses, which have faced 117,000 bribe offers [...]
Reeves set to bring in US-style whistleblowing pay for HMRC Business Chancellor Rachel Reeves is set to reveal a US-style whistleblower scheme to combat large-scale tax fraud. Later this month, HMRC is expected to launch a reward scheme, according to the Financial Times, which could pay informants as much as 30 per cent of any taxes collected as a result of tip-offs. The new US-style incentive [...]
Standard Chartered shares struggle to rebound after US lawmaker triggered $3bn sell-off Banking Shares in Standard Chartered inched higher on Monday, but failed to fully recover from a dramatic sell-off at the end of last week that was triggered by a United States congresswoman. The bank’s stock nudged up by one percent as markets opened, reaching 1,319.50. But, this remained far below the 1,407 price point prior to [...]
FCA vows to take action faster amid jump in whistleblower reports June 24, 2025 The UK’s financial regulator has said it is “closing reports faster” after receiving more whistleblower reports than ever during its latest financial year. The Financial Conduct Authority said it had received 1,131 reports in the 12 months to end March, a small increase on last year and a jump of 8 per cent on five [...]
The only organisations that should fear whistleblowers are those with something to hide May 15, 2025 UK businesses should welcome, not fear, proposed legislation to strengthen protections for whistleblowers, says Peter Tutton The Horizon scandal, grooming gangs, vehicle safety cover-ups – all these issues have made headlines over the past year. The common thread is the involvement of whistleblowers – either in exposing the scandal or providing critical evidence to prevent [...]