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Blog
A recent scandal within the Financial Sector created a media frenzy when news broke that Barclays CEO Jes Staley had been investigated for attempting to unmask a whistleblower within his organisation. The news deals a fresh blow to the bank's efforts to reform its culture and repair its reputation in the wake of the Libor-rigging scandal. The consequences of Staley’s actions resulted in his £1.3 million bonus payment being cut…
It’s estimated by non-governmental organisations that nearly 46 million people are enslaved around the world in 2017. The majority of them are found in China, India, Pakistan, Bangladesh and Uzbekistan, although no country is immune from the problem and there may be several thousand people in this position in the UK. To owners and managers of British businesses, this may seem like a remote problem, but the nature of the…
In America, the Wells Fargo fake accounts scandal drew lots of media attention over the last year. The scandal highlighted a fraudulent scheme whereby the bank's employees were caught opening millions of fake accounts for unsuspecting customers. As a result of the scandal, Wells Fargo had been ordered to pay $185 million to settle charges against them. In the aftermath, several Wells Fargo employees alleged that they had raised their…
Whistleblower protection is essential for safeguarding the public interest and for fostering a culture of integrity and accountability within organisations. While many businesses are becoming more proactive in developing policies that clearly define how they will protect whistleblowers, there are still many businesses who appear to have their eyes firmly closed when it comes to promoting a culture where employees feel comfortable to speak up. Clearly defined whistleblowing policies provide…
The Bribery Act 2010 remains one of the most far-reaching pieces of legislation dealing with the threat of bribery and corruption across the globe. Proof of how far this anti-corruption legislation travels across international boundaries, was demonstrated recently in the High Court when the Serious Fraud Office (SFO) agreed a £671 million settlement with Rolls Royce plc and Rolls Royce Energy Systems Inc. to settle allegations of widespread bribery of…

The best whistleblowing and anti-fraud solution

Wednesday, 21 December 2016 15:07
As a counter-fraud investigator of many years, nothing surprises me when it comes to the various types of devious behaviour perpetrated by fraudsters against businesses up and down the country. Most frauds that are committed against businesses share common characteristics such as weak governance and poor financial controls. Countless frauds occur against all types of businesses where the perpetrators are often trusted employees. Just ask the Charity Commission, whose new…

A forward thinking whistleblowing solution

Tuesday, 01 November 2016 14:14
Having the confidence to speak up about illegal or fraudulent actions which, once reported, could result in unwanted consequences for the whistleblower is often easier said than done. Concerns for whistleblowers include impact on future career prospects, stress and reaction of colleagues. Employees can be left with the dilemma - should they speak up or remain silent? What protection is actually available if they do decide to speak up and…
There’s much more that could be done to clamp down on fraud and other wrongdoing in local government, argues SEAN MACAULEY of AAB. Having spent 22 years with a local authority and worked as a Fraud Manager, I’ve understandably spent a lot of time thinking about the way in which potential wrongdoing can be reduced. While the vast majority of elected members and council employees are no doubt honest, it…

New criminal finance bill targeting Employers

Tuesday, 27 September 2016 07:01
Prime Minister Theresa May is pushing forward an expansion of current legislation to target white-collar crime originally proposed by former PM David Cameron in May. The proposed plans are intended not only to encourage bosses to do more to prevent staff from engaging in fraud, but also promote a culture of corporate responsibility so that threats are eliminated prior to taking root in an organisation. The new plans have been…
In recent years many organisations up and down the country have implemented whistleblowing arrangements and other controls, with the aim of encouraging staff to speak up and help stamp out fraud and other wrongdoing. However transparency in the workplace must come from the top of an organisation right down to the bottom. Failure to set the tone in this way can prove costly. The link between unethical behaviour and the…
Despite the introduction of the UK’s Public Interest Disclosure Act 1998 and the subsequent Enterprise and Regulatory Reform Act 2013 which provided much needed protection for whistleblowers, employees in many industries across the UK have often continued to suffer mistreatment or retaliation for having the courage to report genuine wrongdoing in their work place. This has led to a UK workforce fearing reprisals from speaking up, a fact reported by…
Care Home providers across the UK are entrusted to care for the vulnerable and provide national standards of quality and safety required by law. National Standards cover a number of areas such as how patients and persons are treated, the safety and protection of people receiving care and people’s dignity and privacy. Most persons in the health care industry are honest, ethical and dedicated individuals. However, by the nature of…
The term 'Prevention is better than cure' is a well-known proverb in the anti-fraud industry used by fraud specialists when demonstrating that it's easier to stop fraud happening in the first place than to repair the damage after it has happened. This is of course very true and many industries across the UK should aim to put preventative measures at the top of their corporate governance agenda when securing the…
Implementation of a whistleblowing hotline provides businesses with an effective tool to provide their employees with a confidential route to report wrongdoing in the workplace and aid global enterprises in combating fraud, bribery, corruption and financial malpractice. However, planning a rollout of global whistleblowing lines across territories can be challenging. This is especially true when setting up whistleblowing lines for your organisation when it may be necessary to transfer personal…

Tough new fines loom for safety slip-ups

Monday, 21 March 2016 14:27
If you thought a breach of health and safety regulations would just result in a rap over the knuckles, new sentencing guidelines may make you think again, argues Sean McAuley of accountancy firm AAB. From 1st February 2016, the sentencing guidelines for health and safety regulations became a great deal tougher. Although the advice is issued for courts in England & Wales, it’s likely to be considered within the Scottish…

The Long And Winding Road

Monday, 09 November 2015 09:25
Volkswagen’s troubles are far from over, but could this all have been avoided? Over a month has passed since the Volkswagen emission scandal hit headlines around the globe, but the full extent of the damage may not become apparent for a long time to come. The International Council on Clean Transportation, in conjunction with West Virginia University, raised the alarm during an investigation into why US diesel cars seemed able…
Since coming into force in 2011, the Bribery Act 2010, widely described as the toughest and furthest-reaching anti-corruption legislation in international law, has claimed dozens of scalps. And just last month, a Scottish cabling company set a new precedent after self-reporting a breach of the Act’s landmark Section 7, which created the groundbreaking new corporate offence of failure to prevent bribery. Fife-based Brand-Rex Limited notified the Crown Office in June…

See, Hear and Speak Up

Monday, 18 May 2015 11:22
The UK's Public Information Disclosure Act 1998 was introduced in order to ensure there was comprehensive protection in place for employees so that they could come forward and report serious wrongdoing in their workplace, by making a 'protected disclosure', without fear of being victimised or even dismissed. Protected disclosures included disclosures such as reporting that a criminal offence had been committed, a failure to comply with statutory legislation or that…