The Big Four accounting firms are so bad at catching fraud that they couldn’t even catch a cold, with incentives in the industry totally screwed up. That’s the view of the of the whistleblower who uncovered the $65 billion Madoff Ponzi scheme and he thinks fraud is endemic in the insurance industry as well. Harry […]

A federal appeals court on Monday revived a former JPMorgan Chase & Co (JPM.N) private banker’s whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client might be committing fraud. The 2nd U.S. Circuit Court of Appeals in New York found enough evidence to suggest that former JPMorgan employee […]

Given the distractions of the summer holiday season and the aftermath of the Brexit referendum, it would be understandable if other developments slipped off the radar. However, there is one particular deadline for regulated firms that demands urgent attention.  Under the whistleblowing rules published by the FCA and PRA back in October 2015, relevant firms […]

The Sue Shelley’s story is not to be taken lightly. It has been reported that Sue Shelley, former head of compliance at HSBC Private Bank Luxembourg was fired in July 2013 after denouncing “failures in compliance” of the bank in Luxembourg. Sue Shelley testified Monday in a BBC broadcast his doubts on the compliance of […]