The New Law Journal has published an article written by Jonathan Fisher QC, entitled ‘COVID-19 & fraud — a risk assessment’. In the article, based on a webinar delivered by Jonathan, five types of fraud expected to stem from the COVID-19 crisis are analysed. The categories include revenue frauds on the government’s financial aid and investment scams exploiting the increased need for medical supplies, perpetuated by individuals and businesses alike. Jonathan assesses the ways in which legal and regulatory frameworks will respond to such threats, highlighting possible civil and criminal liability. Uniquely, the money laundering reporting requirements and vulnerabilities are considered throughout.
For more information on the work Bright Line Law undertakes in fraud, money laundering and other financial crime specialities, see Practice Areas.