All Money laundering and financial crime articles – Page 17
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NewsCity split on ‘woeful’ white-collar crime law
‘It is hard to see that the Proceeds of Crime Act will ever be fit for purpose.’
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OpinionMoney laundering developments
I don't want Brexit, but it might allow the UK to escape the failing EU anti-money laundering regime.
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News£6m payment in second deferred SFO prosecution
Unnamed US company has agreed to pay more than £6m for corruption and bribery offences
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News£6m payment agreed in second deferred prosecution
Company in Bribery Act case cannot be named due to ongoing related legal proceedings.
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FeatureLawyers and section 2 interviews
New guidance on the presence of lawyers at section 2 interviews is confrontational and likely to be counterproductive.
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NewsLeave anti-money laundering guidance to us – Law Society
Chancery Lane also warns that changing the consent regime could ‘criminalise vast swathes of ordinary business activity’.
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NewsCity police turn to private lawyers to help fight fraud
Law firms will be deployed to help recover assets through civil litigation.
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NewsQueen’s speech: SARs regime to be improved
Criminal Finances Bill will target entities that carry out money laundering rather than focusing on individual transactions.
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NewsSRA warns against money laundering ‘complacency’
Firms generally good at tacking money laundering but regulator is investigating evidence of malpractice.
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NewsNew ‘failure to prevent’ offences to fight corruption
Extension of law one of several measures announced as the UK’s anti-corruption summit gets under way.
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NewsPreventing corruption not top priority for UK companies – City firm
Study of chief compliance officers by Hogan Lovells suggests that sales pressures are the biggest challenge.
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NewsLawyers call for SFO funding boost ahead of anti-corruption summit
Legal and accountancy bodies unite to voice their support for renewed anti-corruption drive.
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OpinionAnti-corruption: measuring success
We must judge the success of this week’s London summit only by the long-term practical actions that may follow.
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News
Law Society to discuss concerns over anti-money laundering reforms
Chancery Lane voices fears about the government’s ‘all crimes’ approach to the definition of criminal property.
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News‘Consent’ defence could go as part of AML reforms
Government publishes action plan to overhaul measures to prevent money laundering and terrorism finance.
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NewsJudge backs Libor trader confiscation order
Tom Hayes, who is serving 11 years, must pay nearly £900,000, court rules.
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News
SFO ends forex investigation
The Serious Fraud Office (SFO) has closed its investigation into allegations of fraudulent conduct on the foreign exchange market, raising questions over government decisions that have limited its powers. Last week the SFO said that after reviewing 500,000 documents, it decided ‘there were reasonable grounds to suspect the commission of ...
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FeatureMixed fortunes for the SFO
The SFO faces daunting political and resourcing challenges, but it is moving in the right direction.
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News
Four solicitors face fraud charges
The alleged medical invoice fraud was estimated to be around £950,000.
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NewsSFO investigating 'tiny fraction' of tip offs, says City firm
Lack of funding is preventing the SFO from investigating some cases of serious fraud or corruption, Pinsent Masons has claimed.