Fraud Management & Cybercrime , Fraud Risk Management , Standards, Regulations & Compliance

Preparing for Compliance With UK Fraud Legislation

Panelists Talk About the Implications of the Proposal
From left: Daniel Barton, Vincent Walden and Sam Eastwood

The U.S. Sarbanes-Oxley Act of 2002, also known as the SOX Act, mandated strict reforms and imposed tough new penalties on lawbreakers in an effort to crack down on corporate fraud. The United Kingdom might soon adopt similar legislation, which could significantly change board responsibility for fraud risk management and increase demand for anti-fraud professionals. How must enterprises prepare for this?

See Also: Playing A New Hand: How Digitalization Is Reshuffling The Cards For Banks Worldwide

Three experts - Vincent Walden, managing director at Alvarez and Marsal in the U.S.; Sam Eastwood, partner at Mayer Brown’s litigation practice in London; and Daniel Barton, managing director, investigations and compliance at Alvarez and Marsal in the U.K. - provide insights in this panel discussion.

In a video interview with Information Security Media Group, the panelists discuss:

  • How having a law like the SOX Act in the U.K. will affect fraud and risk management professionals;
  • How enterprises in the U.K. can adopt data analytics to know where to put fraud controls;
  • Why other nations have not adopted laws dealing with fraud controls.

Walden, managing director of the disputes and investigations unit at the New York-based consultancy Alvarez & Marsal, specializes in forensic data analytics, continuous controls monitoring, information governance and legal discovery services.

Eastwood is a partner in Mayer Brown’s litigation practice in London and a member of the firm’s white-collar defense and compliance practice.

Barton is managing director, investigations and compliance, at Alvarez and Marsal in the U.K. He has more than 20 years of professional experience in forensic accounting investigations, specializing in fraud, bribery and corruption, and regulatory issues.

About the Author

Suparna Goswami

Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.

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