All Money laundering and financial crime articles – Page 12
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NewsSolicitor led 'Ponzi' ruse to suck investors into doomed scheme, tribunal hears
SRA alleges Charles Valentine Fraser-Macnamara allowed misrepresentations to be made to potential investors.
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NewsCommercial court plans late sittings in $5bn fraud claim
Witness and co-defendant in nine-month civil hearing to appear by video from California.
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NewsNews focus: The colour of a client’s money
As the SRA renews its drive to clamp down on money laundering, law firms have been put on notice that they will need to show how they are complying with the rules – or face hefty sanctions.
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NewsSupreme Court allows 'reasonable diligence' appeal in fraud claim
'Bare-knuckle fight' between principles that fraud unravels all and that litigation must end.
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OpinionTackling money laundering: making sure firms are doing their job
If we don’t successfully address the problem, the social, economic and security consequences can be devastating.
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NewsCrime agency laments ‘dearth’ of suspicious activity reports from lawyers
National Crime Agency boss was giving evidence to Joint Select Committee on the Draft Registration of Overseas Entities Bill.
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NewsLawyers predict extension of bribery curbs to other economic crime
Bribery Act is ‘exemplary’, said House of Lords committee.
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NewsLegal regulators outperforming accountancy on AML supervision
Office for Professional Body Anti-Money Laundering Supervision finds that regulators have more to do.
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NewsPeers call for speedier bribery investigations
Bribery Act 'an excellent piece of legislation', post-legislative scrutiny committee agrees.
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NewsPanama Papers solicitor fined £45,000
Khalid Mohammed Sharif failed to do background checks on two politically exposed persons.
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NewsSRA joins new taskforce to rid UK of 'dirty money' reputation
Home Office and Treasury say taskforce will scrutinise performance in dealing with economic crime. But lawyers remain sceptical.
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FeatureRisks to look out for in 2019
Challenges in GDPR, anti-money laundering, claims and insurance, and professional regulation lie in the year ahead.
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NewsCPS ‘bizarrely’ opted for conviction over deferred prosecution in bribery case
Skansen Interiors was first business convicted under ‘failure to prevent’ legislation.
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FeatureWell-known tools can be adapted to fight new forms of fraud
A combination of modified legal weapons and various innovative service methods made for a groundbreaking judgment in a banking fraud case earlier this year.
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OpinionMoney laundering and terror finance – are you asking the right questions?
It is time to refresh your firm-wide risk assessment
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NewsGovernment called on to extend ‘failure to prevent’
Sir Brian Leveson and Lisa Osofsky tell peers all-encompassing act would be in the public interest and help a ‘hamstrung’ SFO
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News'Enabler' prosecutions on the way, AML minister tells solicitors
Ben Wallace MP promises reform of suspicious activity reporting regime.
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NewsGovernment targets law firm 'facilitators' profiting from dirty money
Minister will set out plans for new multi-agency national economic crime centre.
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NewsENRC demands judicial review of SFO probe
Document claims fraud busting agency liable for series of faults.
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NewsHigh Court dismisses 'unexplained wealth' challenge
Court dismisses challenge to order but privacy ruling will remain in place for now.