ABSTRACT
This chapter focuses on the private sector, using accounts and management fraud to explore the issues and, for cases where a corporate body faces allegations of financial misconduct or associated court proceedings. It also focuses on the work of those invariably called upon to investigate: the forensic accountants. Most forensic accountants in the UK will be subject to anti-money laundering legislation under which they have an obligation to carry out Know Your Client (KYC) procedures before accepting any assignment from new clients. Where criminal proceedings take place due regard should be taken of civil recovery actions under Proceeds of Crime Act (POCA) and possible fines as these will reduce the assets pot for other creditors. The Regulation of Investigatory Powers Act 2000 (RIPA) is the law that governs the access by public authorities to personal information using covert techniques. The Data Protection Act (DPA) established a statutory framework for protecting the private data of individuals.
