Accenture’s launching an artificial intelligence practice with IPsoft’s Amelia May 16, 2016 No sooner than one global consulting giant has jumped on board with the latest technology trend, another follows suit. Accenture is launching an artificial intelligence practice just a week after PwC did the same with drones, in a bid for a share of the multi-billion dollar and fast growing industry. The Amelia practice, named after the AI software [...]
Payroll tax errors bag the taxman an extra £737m May 16, 2016 Payroll errors are costing companies, particularly smaller companies, a pretty penny, research released today has found. According to the study by accountancy firm UHY Hacker Young, HM Revenue & Customs (HMRC) has bagged itself an additional £737m through investigations into slip-ups on payroll compliance, and over half (£373m) of that amount comes from SMEs. UHY Hacker [...]
Libor probe dropped in Germany for ex-Deutsche Bank staff May 15, 2016 Frankfurt prosecutors late last week dropped a case into five former Deutsche Bank staff for alleged Libor manipulation. It is understood that it could not be established that any erroneous information submitted by staff could have influenced the rate, and that the law did not provide any basis for prosecution. "We investigated whether there was a violation of [...]
Google could face the EU’s biggest ever antitrust fine May 15, 2016 Google could be facing a multi-billion pound fine over its dominance of internet search in Europe just weeks after it was charged in relation to similar claims over its Android operating system The fine, due to be handed out by competition chief Margrethe Vestager in the coming weeks according to the Telegraph, would finally wrap up a six year antitrust investigation into Google's powers [...]
Former polymer banknote manufacturer manager sentenced over corruption-based charges May 12, 2016 Peter Chapman, 54, a former manager of polymer banknote manufacturer Innovia Securency PTY, was sentenced for two and a half years at a court in London today for corruption-related offences. Chapman was convicted yesterday on four counts of making corrupt payments to a foreign official, although he was acquitted on an additional two counts he had [...]
Operation Tabernula: Hind and Dodgson sentenced in insider trading case May 12, 2016 Martyn Dodgson has been sentenced to four and a half years in prison today, while Andrew Hind has been given three and a half years, for their roles in a landmark insider trading case. Accountant Hind and former Deutsche Bank director Dodgson were convicted on Monday of conspiring to insider deal between November 2006 and March [...]
Former polymer banknote manufacturer manager convicted on corruption-based charges May 11, 2016 On the eve of Prime Minister David Cameron's anti-corruption summit, the fraud squad had a reason to celebrate – securing a conviction on corruption-based charges. Peter Chapman, 54, a former manager of polymer banknote manufacturer Innovia Securency PTY, was convicted today on four counts of making corrupt payments to a foreign official, although he was [...]
How the City watchdog cracked down on insider trading May 10, 2016 The financial services watchdog is determined to show that it is serious about cracking down on insider trading. The Financial Conduct Authority (FCA) – as it is now known – secured two more convictions for its metaphorical trophy cabinet on Monday. Accountant Andrew Hind and former Deutsche Bank director Martyn Dodgson were found guilty on Monday [...]
City law firm urges more protection for self-reporting and incentivisation for whistleblowers ahead of anti-corruption summit May 10, 2016 A City law firm is today urging the government to introduce better protection for companies which confess their wrongdoings, along with cash incentives for whistleblowers, ahead of a major anti-corruption summit being hosted by Prime Minister David Cameron on Thursday. Pinsent Masons is calling on governments to provide immunity from prosecution for businesses which self-report corruption in certain limited circumstances, while companies which [...]
It’s like Airbnb, but for lawyers: New online platform for legal market due to launch in the summer May 9, 2016 The legal eagles have soared into the sharing economy, as Lawyers On Demand has today announced that it is launching an online marketplace for legal services. Spoke will allow businesses looking to build their in-house teams or law firms looking for some extra help to hire lawyers who have some spare hours that are not currently being used for [...]
