Fraudsters exploit anti-fraud office name
Name of EU anti-fraud office, OLAF, used by fraudsters
Name of EU anti-fraud office, OLAF, used by fraudsters
International fraudsters are exploiting the name of the European Union’s
anti-fraud office OLAF to extort money through counterfeit requests for payment.
The European Union agency is warning that fake OLAF letters are being sent to
victims accusing them, for example, of having made irregular bank transfers and
violating EU money-laundering legislation.
Bearing a fake OLAF logo and address, the letters then demand a payment to
make amends. ‘OLAF advises (recipients) not to follow any such requests without
verifying their origin and calls on (them) to report any similar suspicious
situations to the police,’ said spokesman Alessandro Butticé.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceFrom battling underground invoice frauds in China to navigating bribery risks in the Middle East, Mazars' Nigel Layton shares essential insights on co...
View articleAccording to the Chartered IIA, internal audit should be placed at the forefront of a new Code Read More...
View articleBy switching the focus from ‘profit made for investors’ to ‘value created for all’, accountants can find ways to quantify and evaluate the impact of a...
View articleThe proposals form part of an ongoing overhaul of audit and corporate governance in the UK Read More...
View articleThe first update to the UK Corporate Governance Code in four years will see the creation of a stronger framework for reporting on internal controls an...
View articleBusinesses must adopt a healthy corporate culture or risk legal and business consequences Read More...
View articleDuring a conversation with Accountancy Age, Mazars partner Bob Neate breaks down the draft audit reform bill, warning of a potential capacity issue fo...
View articleThe FRC and major audit firms have criticised the UK government’s watered-down proposals Read More...
View article