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Fraud

Improving Financial Outcomes — The FCA’s Three-Year Strategy

Most people would agree that the financial sector has been in dire need of more targeted regulation — and, on the whole, those companies that have always operated ethically would also agree. In a sector tarnished by everything from the LIBOR scandal to consumer scams, tougher regulations should allow firms already meeting or exceeding those standards to get a head-start. What’s the Background to the Strategy? S
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You Could Be Disqualified as a Director for Failure to Keep Accounts

You have a lot on your plate as a business owner, and keeping your accounts up to date might seem like something that can be put off till you have more time. This is unwise, even if nothing goes wrong, but there are circumstances when getting caught with your accounts undone could lead to disqualification as a Director. The Case of Mitchell Smith The government has recently announced the disqualification of Mitchell
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Why You Should Always Ask for Payment Up Front

If you’re offering services to clients, you have the choice of whether to request payment up front, allow them to pay after delivery or set up a payment plan. Many business owners shy away from asking for up-front payment, fearing it will make them less attractive to prospects. However, this can lead to situations of having to pursue the client through the courts for unpaid invoices — or even having to write th
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Summer’s here with a vengeance!

Depending on your circumstances you’re probably either enjoying yourself lying in the sun or suffering on an overheated, overcrowded Tube train. Because, there’s good and bad in most circumstances, even being owed money. The bad is obvious. The good is that you have the chance of ending up with more than you have now, but that means you have to go after it. Feel free to get in touch with SJ Collections if
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Don’t Be a Victim of Fraud While You’re on Holiday

The chances are you’re looking forward to a holiday over the summer, whether your tastes involve lying on a beach or something more active. If you’re running your business efficiently, there shouldn’t be a problem about taking a couple of weeks off to enjoy a well-earned break. However, there are potential dangers. There have been a number of cases where an employee has received a very plausible ema
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Fraud: the £52 billion headache for business

It’s over a year since the home secretary, Theresa May, closed down the National Fraud Agency and transferred its duties in various directions, including to the National Crime Agency and the City of London police. One of the NFA’s last acts was to publish its annual fraud indicator showing that in 2014 fraud was costing the economy £52 billion a year, of which £21.2bn was to the private sector. Given that the agencie
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Tracing debtors is a vital tool in curbing fraud

How many business people have posted off their invoices for services rendered only for the envelope to be returned to sender marked ‘Not known at this address’ or ‘Gone away’? The answer, according to Cliff Poole of UK Search, is a growing number. Writing in CCR Magazine earlier this year, Poole said: ‘The problem of absconding debtors has escalated to such epidemic proportions that almost every creditor, lending com
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