Fraud risks for accountants – John Binns quoted in ICAEW Economia

Fraud risks for accountants – John Binns quoted in ICAEW Economia

BCL partner John Binns discusses the risk of becoming involved in fraud for anyone working in the accounting space, with Economia, the ICAEW content platform.

Here is an extract from the article:

For accountants, there is a risk of getting too close to fraud for comfort, says John Binns, a partner in the business crime and corporate regulatory department of BCL Solicitors. “A typical circumstance in which an accountant could become involved in fraud is when their client (or the person instructing on behalf of a corporate client) is attempting to defraud someone – creditors, fellow directors, HMRC, investors, shareholders or the market generally.

“Their method could be to present false information to or via accountants, so that it feeds into apparently legitimate documents such as annual reports, tax returns or prospectuses. Failing to spot that – or worse, failing to act on a suspicion – could lead to trouble.”

This article was originally published by Economia on 7th Novemer. Read the full article on their website.

John Binns is a partner at BCL specialising in all aspects of business crime, with a particular interest in confiscation, civil recovery and money laundering under the Proceeds of Crime Act 2002 (“POCA”). His business crime experience includes representing suspects, defendants and witnesses in cases invoking allegations of bribery and corruption, fraud (including carbon credits, carousel/MTIC, land-banking, Ponzi and pyramid scheme frauds), insider trading, market abuse, price-fixing, sanctions-busting, and tax evasion. He has coordinated and undertaken corporate investigations and defended in cases brought by BEIS, the FCA, HMRC, NCA, OFT, SFO and others.