There are many types of fraud that exist in the corporate world. The fraudulent acts can be committed by employees and employers alike. There will always be a suffering party when acts of fraud are committed.
Employee Fraud
If an employee is committing fraud, the employer will suffer. Fraud is committed in all sizes of business and the implementation of systems that make fraudulent transactions difficult is a good place to start. If a fraudster is determined to commit fraud they will usually find a way. Detection of that fraud is the difficulty and acts of fraud often persist for lengthy periods without detection, if at all. We have specialists who can assist the employer if they suspect they are suffering at the hands of a fraudster. In most instances fraud is detectable and once detected there are numerous options available to the employer. Careful consideration should be given to these delicate situations because when not handled correctly an employer may dismiss an employee on the grounds of gross misconduct and subsequently find themselves in a tribunal.
Employer/Director Fraud
Corporate fraud is committed in all sorts of guises including the falsification of accounts, HMRC fraud in respect of VAT, PAYE, CIS and self assessment, Missing Trader Intra Community Fraud, also known as carousel fraud, bank fraud and several other types of fraud.
ICL Commercial Law have successful experience is defending actions either threatened or instigated by HMRC.