Circulation Fraud Contained, Audit Group Says
85332
The chairman of the newspaper industry&#39;s circulation-auditing body said Thursday that the organization would work to repair its image, tarnished by circulation scandals over the past year at four large US newspapers.
481719
The company said a subsidiary had improperly obtained documents from its archrival Oracle but disputed the extent of the offense.
214398
Aides of Prime Minister Tony Blair and Labour Party officials are under investigation for obstructing the &quot;cash-for-honours&quot; probe, The Times reported.
662593
Thousands of notes thought to have been stolen in last week's Northern Bank robbery are legitimately in circulation.
304882
Deutsche Bank - is being investigated on suspicion it may have manipulated its balance sheet, the AFP news agency has reported.
472382
Tribune Co.'s TRB.N Hoy newspaper,  one of several U.S. papers caught up in a circulation scandal,  overstated circulation at its New York edition by more than 46  percent last year, an industry monitoring group said on  Tuesday.
671067
Last Wednesday in Brussels, a working group comprised of leading European information privacy officials concluded that a major global financial transaction processing organization based in Belgium may have violated EU law in complying with subpoenas from the US Treasury Dept. for information.
17708
Members of organised crime are joining financial firms to commit fraud, a new report by the industry watchdog reveals.
544903
EDMONTON - Auditor General Fred Dunn fears health-care fraud and identity theft are occurring because the Alberta government has failed to properly keep track of more than two million duplicate or replacement health-care cards.
375682
EDMONTON (CP) - Alberta's auditor general says provincial health-care cards are being misused in a fraudulent manner that is costing the province millions of dollars.
109842
EDMONTON - Alberta&#39;s auditor general says provincial health-care cards are being misused in a fraudulent manner that is costing the province millions of dollars.
737705
A check-authorizing company said yesterday that credit, bank account, and other personal information on 2.3 million consumers had been stolen, but none of the data were used for identity theft or other financial fraud.
313517
(InfoWorld) - Fraud investigators are struggling to cope with vast quantities of data sent to them by financial institutions, meaning some crimes may go uninvestigated or even unnoticed, experts said on Wednesday. The issue is prompting banks and other financial institutions to ask law enforcement and regulators to share with them more of the data they have aboutÂ suspicious transactions, in order to better combat fraud. Banks and transfer agencies are required by regulators in the U.S. and the U.K. to file reports when they detect a potentially illegal transaction, said Olga Maitland, head of the International Association of Money Transfer Networks, at the Fraud World 2007 conference in London. Up to 300,000 Suspicious Activity Reports (SARs) are filed per month in the U.S., and up to 200,000 a year in the U.K., but most of those reports "disappear into a black hole" because law enforcement agencies don't have the resources to investigate each one, she said. If another financial institution is mentioned in a report, it may not even know about the suspicious activity if the report is filed by a different institution. "If there is indeed a crime taking place, then that is carrying on undetected," Maitland said. Colin Woodcock, head of the fraud section for the U.K.'s Serious Organized Crime Agency (SOCA), said the SARs program has resulted in "huge amounts of information ... which it was difficult to do anything with." "Let's not forget they are suspicious activity reports," Woodcock said during a panel discussion. "Now, if the police or anybody really were expected to act on everything that is suspicious, we would be bogged down in the first five seconds of operation." The quantity of reports has also created a need for greater computing power, he said. The U.K. has made some progress, according to Woodcock, and opened up access to the SARs database to other police forces such as HM Revenue and Customs, the U.K.'s tax authority, which can use it for their own investigations, he said. But sharing the SARs data with financial institutions raises huge concerns around confidentiality and privacy, Woodcock said. It could mean the disclosure of "very embarrassing" information about banks, he said. SARs were "given to us by industry to make the best use law enforcement can make of it, not to go and share it with everybody and say 'Look at what NatWest just told us," he said. "There are huge problems there." (NatWest is a major U.K. bank.) SOCA has started issuing alerts about problem trends, Woodcock said, but Maitland countered that the information is not in-depth. Money transfer networks have blossomed into a trillian-dollar industry. If SOCA can share its information more, by being "less restrictive, less confidential," it would lead to a greater reduction in fraud, Maitland said.
645841
Federal authorities think that nearly $50 million was stolen in an embezzlement scheme run out of the D.C. tax office, more than double the amount they had previously uncovered, four sources close to the investigation said.
662127
A multi-million dollar fraud ring has been cracked in Nigeria involving counterfeit cheques, say investigators.
377176
An Italian Senate committee on Wednesday ordered a partial recount of ballots cast in the April general election amid claims that fraud could have been committed.Comment
602499
Follow the money... Her Majesty's Revenue and Customs (HMRC) is claiming a major victory over carousel fraudsters after discovering they were all using the same bank.â¦