Fraud office calls for web law reform
If you are going to be a victim of internet fraud, it is better to be one in Scotland, according to Stephen Low, assistant director of the Serious Fraud Office.
If you are going to be a victim of internet fraud, it is better to be one in Scotland, according to Stephen Low, assistant director of the Serious Fraud Office.
Low issued his warning this week at an ICAS fraud conference in Edinburgh, and said his point would become increasingly significant as new technology brought new opportunities for fraudsters.
His warning was based on the differences between Scottish and English law.
Scottish law contains the offence of ‘bringing about a definite practical result by means of a false pretence’ but in England and Wales prosecutors are forced to sit suspected crime against existing statutes, all written before the new economy existed.
Low told AccountancyAge.com: ‘The SFO is arguing strenuously for a review of English law.
A generalised offence of fraud based on deception would, clearly, cover activity in the new economy, even if that particular activity could not yet be predicted.’
Low also warned of the dangers of digital signatures, which became legal last year. ‘It will not be long before a digital signature is misused,’ he said.
Links
SFO calls for English fraud review
The numbers you crunch tell a story. Your expertis...
23yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article