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Fraud Against a Financial Institution - Bank Fraud
If you or your business are under investigation, or you have been arrested, invited for a voluntary interview, charged or face proceedings for any allegations relating to fraud against a bank or other financial institution, the specialist team at JMW can provide expert advice, assistance and representation.
We have been and are involved in some of the biggest business crime investigations and prosecutions, and are ranked a top tier fraud firm by the Legal 500, as well as Chambers and Partners.
The specialist team has experience in dealing with all kinds of fraud and have the specialist knowledge to deal with even the most complex of cases. To find out how we can help you, call us now on 0800 652 5559, or fill in our online enquiry form and we will get back to you.
How JMW Can Help
We represent individuals and corporate entities accused of bank fraud, which is commonly prosecuted as offences of conspiracy to defraud or fraud by false representation. It could also include specific regulatory or money laundering offences. We have a specialist team of solicitors who will be able to assist no matter what offence is alleged and provide advice every step of the way.
Our fraud solicitors act fast to secure the necessary evidence to support your case so that facts can be properly established. Many individuals and companies can be improperly linked to suspicious financial activity or, more generally, a criminal investigation. Therefore, it is important to ensure specialist advice is taken as soon as possible.
The experienced and knowledgeable team at JMW has the skills and expertise to build the best possible defence case for you. Whether your matter is privately funded on an individual or corporate basis, or through a legal aid representation order, you can rest assured that we will offer a proactive, robust and cost-effective service.
As leaders in their respective areas of law, we are nationally recognised for our comprehensive service, which can also include a range of other professionals, from accountants to computer forensic experts. We are able to represent people from across the UK with offices in Manchester, London and Liverpool.
Please note that we do not offer a free advice service or no win, no fee funding to consumers wishing to complain about the service offered by their bank. Our representation is offered in the context of criminal allegations and alleged fraud. If you are in doubt, we will be happy to discuss your requirements and point you to an alternative service.
Types of Bank Fraud
There are many types of fraud that can be associated with a bank or other financial institution. Our experience includes representing companies and individuals alleged to be concerned in the following:
- Bank card fraud
- Cheque fraud
- Counterfeit cheque fraud
- False accounting fraud
- Insider dealing
- Bribery and corruption
- Fraud by abuse of position
- Fraud by failing to disclose information
- Prime bank guarantee fraud
- Money laundering
- Account takeover
- Bank account fraud
- Email fraud
Sentences/Penalties for Fraud
Under the Fraud Act 2006, a charge of fraud by false representation, fraud by failing to disclose information, fraud by abuse of position or conspiracy to defraud has the maximum sentence of 10 years in prison. A charge of false accounting under the Theft Act 1968 has a maximum sentence of seven years in prison.
In addition to a custodial sentence, you may also face the following penalties:
- Disqualification from being a company director
- A substantial fine
- A confiscation order, which means any benefit from the crime will be confiscated and criminal lifestyle assumptions may apply
The type of sentence you may receive if convicted of bank fraud may depend on some of the following factors:
- Your role in the fraud and your level of knowledge
- The level of actual or potential harm caused by the fraud
- The type of banking fraud
- The impact of the crime and how it has affected the lives of those involved
- Whether you have or have not submitted a guilty plea
- Any attempts to hide or destroy evidence
- Any previous convictions
- Any mental health issues