All Money laundering and financial crime articles – Page 18
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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.
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NewsSerious Fraud Office requests ‘blockbuster’ funding
Solicitor general reveals request for 60% funding boost to pay for significant investigations.
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NewsUS firm seeks UK whistleblowers for claims
Phillips & Cohen’s London office will help the firm represent UK clients wanting to take whisteblowing claims to court in the US.
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FeatureDeferred prosecution agreements and follow-on actions
The first DPA in this country has proved to be exactly the kind of illustration of a DPA that the SFO would have hoped for.
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NewsBribery case prompts first deferred prosecution
UK-registered bank accepts penalty of $16.8m for failure to prevent bribe in British first.
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NewsMoney laundering awareness campaign kicks off
‘Flag it up’ will provide professionals with guidance to ensure they are not caught up in criminality.
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NewsClifford Chance Libor documents covered by legal privilege, court rules
A High Court judge holds that lawyers must be able to give ‘candid factual briefings’ secure in the knowledge communications will not be disclosed.
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FeatureWhen loans become assets to freeze
The effect of a recent judgment on freezing orders is far-reaching for clients and lawyers.
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OpinionCombating corporate crime
What should we infer from the decision to halt work on a corporate offence of failing to prevent economic crime?
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NewsLawyers dismiss claim that sector is money laundering risk
Bodies representing the legal profession say national risk assessment based on intelligence shortcomings.
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NewsCriminals raid 50 firms in cyberattacks this year – SRA
Regulator also concerned by lack of training in detecting money laundering schemes.
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OpinionHouse prices and crime
The cumbersome regime imposed on solicitors to tackle money laundering is not working. The evidence is in sky-high house prices.
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OpinionIBA 2015 – key talking points
The independence of lawyers, money laundering and the refugee crisis are among the topics up for debate at this year’s conference.
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News
Insurer warns on phone fraud against firms
So-called ‘vishing’ frauds typically involve an individual phoning a firm’s cashier ‘to confirm recent transactions’.
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OpinionEconomic crime scene
Is it too simplistic to infer that we are back to business as usual in the City?
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NewsGovernment drops plan to extend corporate criminal liability
Decision to abandon new economic crime offence a 'slap in the face' for SFO director David Green, says leading QC.
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NewsCPS flags up Cayman Islands reform
More efficient criminal justice system will reduce money-laundering threat to UK, according to report.