The taskforce, based at the Justice Department – the government agency responsible for probing Enron, Andersen and WorldCom – will oversee all investigation into business wrongdoing.
It will be headed by Larry Thompson, second in command at the Justice Department. Bush said the unit would behave as a ‘financial crime Swat team’.
During his speech the president also called for jail sentences for business executives convicted of fraud to be extended to the maximum term of 10 years.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements