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ACFE

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S.3 Failing to disclose information. S.4 Abuse of position. S.6 Possession ... He is knowingly a party to the carrying on of a business outside of the reach of ... – PowerPoint PPT presentation

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Title: ACFE


1
ACFE
FRAUD ACT 2006 Sixteen sections in sixteen
minutes. Tim Harvey, CFE Director of UK
Operations.
2
Two points to note.
  • Dishonesty does the work
  • Daz washes whiter than white.
  • R-v-Ghosh (1982)
  • No longer a result crime having obtained
  • Conduct crime, focused on conduct of offender.

3
Seven key offences.
  • S.2 False representation
  • S.3 Failing to disclose information
  • S.4 Abuse of position
  • S.6 Possession of articles
  • S.7 Making or Supplying articles
  • S.9 Fraudulent sole trader
  • S.11 Obtaining services dishonestly.

4
Section 1. FRAUD
  • Is guilty of fraud if he breaches
  • Section 2,3, or 4
  • Ten Years

5
Section 2 False Representation
  • Dishonestly makes a false representation
    intending
  • to make a gain (for himself or another) or to
    cause a loss or risk of loss .
  • False untrue or misleading s/he knows it is,
    or might be
  • Representation fact or law, express or implied.
    Submitted to any system.

6
Section 3 Failing to disclose.
  • Dishonestly fails to disclose information he is
    under a legal duty to disclose.
  • Intending to make a gain or cause or expose
    another to risk of loss.

7
Section 4 Abuse of position
  • Occupies a position in which he is expected to
    safeguard, or not to act against, the financial
    interests of another
  • Dishonestly abuses that position.
  • Gain Loss, risk of loss.
  • Omission

8
Section 5 Gain Loss
  • Gain / loss money or property
  • Temporary or permanent.

9
Section 6 Possession of Articles
A person is guilty of an offence if he has in his
possession or under his control Any article For
use in the course of or in connection with Any
fraud. 5 years.
10
Section 7 Making or Supplying
  • Makes, adapts, supplies or offers to supply
  • Any article
  • Knowing that is designed or adapted for use in
    fraud
  • Or
  • Intending it to be used to commit or assist
    fraud.
  • 10 years.

11
Section 8 Article
  • Article includes any program or data held in
    electronic form.

12
Section 9 Fraudulent business.
  • He is knowingly a party to the carrying on of a
    business outside of the reach of section 458
    Companies Act 1985.
  • Fraudulent trading by an individual.
  • 10 years.

13
Section 10
  • Amends punishment for fraudulent trading from 7
    to 10 years.

14
Section 11 Obtaining services
  • He obtains a service by a dishonest act if
  • They are made available on the basis that
    payment, has, is being or will be made for them,
  • He obtains them without any payment or without
    full payment AND
  • When he obtains them he knows-
  • They are or might be being made available as
    above BUT
  • Intends that payment or full payment will not be
    made.
    5 years

15
Section 12 Liability of Company officers
  • Individuals as well as body corporate can be
    prosecuted.

16
Section 13 Evidence
  • Proceedings in relation to property.

17
Section 14,15,16
  • Minor and consequential amendments
  • Commencement
  • Title

18
Summary
  • Dishonesty does the work
  • Daz washes whiter than white. R-v-Ghosh (1982)
  • No longer a result crime having obtained
  • Conduct crime, focused on conduct of offender.

19
Summary
  • S.2 False representation
  • S.3 Failing to disclose information
  • S.4 Abuse of position
  • S.6 Possession of articles
  • S.7 Making or Supplying aerticles
  • S.9 Fraudulent sole trader
  • S.11 Obtaining services dishonestly.

20
Thank you for listening.
  • Tim Harvey
  • 07809 767247
  • tharvey_at_acfe.com
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