30 years of tracking fraud - kpmg...30 years of tracking fraud author kpmg in the uk subject...

UK internetusers now account for

over 50% of total population

Dec 02

UK mobileinternet

Around half ofinternet usersmake use of

mobile devicesto accessinternet

Aug 11

Sep 90

Jul 91

CODETHE

COMPLYEXPLAIN

The CombinedCode on Corporate

Governance

The ‘Code’ is issued,consolidatingthe �ndings of

several corporategovernance

reports

Jun 98

Jun 16

UK votesto leave EU

Fraud ActReceives

RoyalAssent

Nov 06Mirror GroupPension Scandal

Black hole of£350 million revealed

Dec 91

Sep 07

First UK bankrun in 150 years

This marks thestart of the creditcrunch in the UK

Receives RoyalAssent

Apr 10

Bribery Act

Rogue trader

Kweku Adoboliloses his

employer £1.3 billion

Sep 11

2000

2010

Oct 86

Deregulationtakes e�ect

'Big Bang'Deregulation takes e�ect.

City trading transformsand reorganises, and

electronic screens replace‘open outcry’ pits

‘Big Bang’

Apr 88

1980

commencesoperations,

under powersgranted by theCriminal Justice

Act 1987

Serious FraudOffice (SFO) closes down BCCI

branches in the UK. Police raids conducted

worldwide

Bank of England

Premier League FootballFirst of several matches to see �oodlight

failures that are later linked to interferencefrom an Asian betting syndicate

Aug 97

The EUSingle Marketis introduced

The �rst MTIC frauds begin

Jan 93

FCA fines several banks a total of £1.1 billion forfailing to control business practices related

to the Forex scandal

Nov 14

WannaCry Ransomware The attack a�ects over

230,000 computers, causingsevere disruption to many

organisationsMay 17

Aug 91

Jun 90

Misuse ActComputer

ReceivesRoyal Assent

ComputerMisuse Act

Tradingsuspendedfollowing

an SFO raid

Polly Peck

.www

World Wide Web, developed by Sir Tim Berners-Lee

at CERN, is opened to the general public

POLICE

Data BankingOther Politics, lawsand agencies

Managementscandals

Legend

0 + 00 ++ 0 ++

Sep 02

Many of the same banks were later �ned afurther £3.6 billion by U.S. law enforcement

1990

The Onion Routing(TOR) project

TOR is �rst released - ananonymising network

associated with the 'Dark Web'

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30 years of tracking fraudLearning from the past to prepare for the future