THE number of prosecutions for white collar crime increased to 9,401 over the last year, representing the first increase in five years, according to law firm Pinsent Masons.
The increase over the last year is relatively small and the figure remains significantly lower than the number of prosecutions five years ago.
Cyber-crime prosecutions continued to rise, with 61 recorded in 2015, up from 45 in 2014, an increase of 36%.
Barry Vitou, partner and head of global corporate crime at Pinsent Masons said: “Cyber-crime is a fast-growing threat and should remain a focus. The online capabilities of fraudsters are increasing and evolving all the time.
In the last year, 617,618 fraud offences were recorded in England and Wales, up 4% on the previous year. Of these, 224,683 offences were recorded via Action Fraud, the national fraud and cyber-crime reporting centre, and 392,936 via Financial Fraud Action UK and Cifas, fraud prevention services.
Organisations involved with tackling white collar crime saw a number of high-profile successes over the last year, including the SFO’s first conviction of an individual for the manipulation of LIBOR.
Public Accounts Committee believes country-by-country reporting will help HMRC check if multinationals are paying the right tax - but laments that the information will remain between those parties
Accountagility's research of 200 CFOs highlights the weaknesses in existing IT solutions and an unprecedented dominance of spreadsheets
Increase governance without stifling competitiveness; enforce already-in-place rules; were the key messages from the business community after the government released a green paper on governance
Former Tesco boss Philip Clarke, won’t face fraud charges over the £263m accounting irregularities at the supermarket