Rosenblatt Group PLC New White Collar Fraud & Financial Crime Division
September 09 2019 - 1:01AM
RNS Non-Regulatory
TIDMRBGP
Rosenblatt Group PLC
09 September 2019
9 September 2019
Rosenblatt Group plc
("Rosenblatt" or the "Company" or the "Group")
Rosenblatt launches new White Collar Fraud & Financial Crime
division
Rosenblatt Group plc (AIM: RBGP), the professional services
group, has strengthened its offer to clients with the launch of a
new White Collar Fraud & Financial Crime division. The new
division will be headed by the recently appointed partner, Manraj
Somal. Manraj joined Rosenblatt from KPMG LLP, where he was UK Head
of Corporate Crime Legal. He will be joined by Frances Murray who
previously worked at Kangs Solicitors where she was Head of the
London office. At Kangs, she practiced predominantly in the area of
white collar and serious crime.
The White Collar Fraud & Financial Crime division will form
part of Rosenblatt's internationally renowned Dispute Resolution
practice. The division will provide advice and support for
individuals and companies. This support will include dealing with
compliance issues, investigations (both internal and external),
defending prosecutions, or helping clients who are the victims of
financial crime.
Tasked with building the new division, Manraj and his team will
work closely with other Rosenblatt divisions and practice areas.
The division will create a new offering for the Group as it
increases the areas in which Rosenblatt can support its
clients.
Financial crime is an increasing threat driven by the growth of
cybercrimes such as identity theft and phishing, as well more
traditional forms of financial crime such as money laundering, tax
evasion and fraud. According to Financial Conduct Authority
estimates, the financial services industry is spending over GBP650
million[1] annually in dedicated staff time to combat fraud, money
laundering and other financial crimes.
Nicola Foulston, CEO, Rosenblatt, said: "The establishment of
our new White Collar Fraud & Financial Crime division will
increase the spheres in which we can support our clients. Financial
Crime is a growing area within the legal sector, and fits within
our strategy of focusing on specialist, high-margin legal work. I
am delighted that we have been able to secure the services of
Manraj and Frances. They bring considerable experience and will be
valuable additions to our team as we look to grow this part of our
business."
Manraj Somal, Partner, Rosenblatt, commented: "I am excited and
delighted to have joined Rosenblatt, and to be a part of its
continued growth and success. In recent years tougher laws, more
aggressive regulation and increased information sharing between the
authorities globally has meant that companies are increasingly
exposed to the risks of financial crime, either as a victim or as a
result of the improper behaviour of their employees. The
introduction of the Bribery Act in 2010 shifted criminal liability
for bribery and corruption to companies. Similarly, the
introduction of the Criminal Finances Act which came into force on
30 September 2017 made companies liable for failing to prevent
their employees from facilitating tax evasion. In the face of
maintained public pressure, enforcement authorities and regulators
are taking a much more proactive approach in bringing
investigations and prosecutions against both corporates and
individuals. As a full service law firm and a leading dispute
resolution practice, it is natural for the business to expand its
capability and expertise to offer clients legal services in
financial crime."
Enquiries:
Rosenblatt Group plc Via Newgate Communications
Nicola Foulston, CEO
Stifel (Nominated Adviser and Broker) Tel: +44 (0)20 7710
7600
Gareth Hunt
Stewart Wallace (QE)
Tom Marsh
Newgate Communications (for media enquiries) Tel: +44 (0)20 3757
Robin Tozer/Fiona Norman/Tom Carnegie 6880; rosenblatt@newgatecomms.com
About Rosenblatt Group plc
Rosenblatt Group plc is a professional services group, which
includes one of the UK's leading dispute resolution practices. It
provides a range of legal services to its diversified client base,
which includes companies, banks, entrepreneurs and individuals.
Complementing this is the Group's increasingly international
footprint, advising on complex cross-jurisdictional matters in
China, Israel, America and India. Rosenblatt's practice areas
include dispute resolution, corporate, banking and finance,
insolvency and financial restructuring, construction and projects,
employment, financial services, IP/technology/media, real estate,
regulatory and tax resolution.
[1]
https://www.fca.org.uk/publication/research/financial-crime-analysis-firms-data.pdf
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRAEALNPEEXNEFF
(END) Dow Jones Newswires
September 09, 2019 02:01 ET (06:01 GMT)
Rbg (LSE:RBGP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Rbg (LSE:RBGP)
Historical Stock Chart
From Jul 2023 to Jul 2024