All Money laundering and financial crime articles – Page 2
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News
SFO ‘on the right track’, inspectors find
Government report concludes Serious Fraud Office has made ‘concrete progress’.
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News
AML watchdog demands 'more ambition' from professional regulators
Progress report from the OPBAS says even largely effective regulators should ‘strive for full effectiveness’.
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News
Businessman with 'grudge' targeted barrister in 'bomb plot'
Old Bailey trial hears of ‘bold and targeted strike’ against barrister at Gray’s Inn.
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News
City lawyers join calls for SFO review
Experts call for 50% budget increase and more political support for fraud-busting agency.
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News
Dawn raid? City firm has an app for that
Free interactive app offers help in the event of a dawn raid by regulator or enforcement agency.
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News
Sector specialists cool on failure to prevent fraud offence
‘Failure to prevent’ doctrine as applied to bribery or tax evasion might not be applicable to fraud, legal experts warn.
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Opinion
'Failure to prevent' is a fraud game-changer
Scenarios in which the proposed new offence might be used are many and various.
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News
New power for SRA in 'failure to prevent' offence
Serious Fraud Office head hails proposed legislation 'a game-changer for law enforcement'.
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News
Corporate criminal liability reform still on agenda, government insists
Three-year economic crime plan includes initiatives to share data and tackle offences involving cryptoassets.
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News
News focus: Highlights from Law Society's risk and compliance conference
Law firms and the regulator are ‘playing catch-up’ on anti-money laundering. ‘Government pressure is colossal,’ SRA chief executive Paul Philip warned solicitors at the annual risk & compliance conference
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News
SFO's largest forfeiture as court seizes more than $7 million
Judge found money in UK account was ‘illegitimate as it came from unlawful conduct’.
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News
Firms shy away from verifying overseas entities
Only 27 practices sign up to verify checks on beneficial owners as Law Society warns of risks.
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Opinion
Devil in the detail of economic crime reform
Which prosecuting authority will be in the lead? How widely will the new offence be drawn? Will it apply extraterritorially to overseas subsidiaries?
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News
Prominent Russian lawyer sanctioned by UK
Firm's co-founder 'part of an opaque financial network connected to Putin'.
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News
Owners of 53,000 properties still unknown
Analysis of new Register of Overseas Entities shows almost half the companies required to declare failed to do so.
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News
New 'failure to prevent' offence could hit lawyers
Economic crime bill will also give SRA new information-gathering powers.
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Feature
Pointing the finger
As the Royal United Services Institute says, ‘If economic crime is to be accepted as a national security issue the government needs to police it like one’. Katharine Freeland reports.
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Opinion
Best law books of the year 2022
Who was the only solicitor to be executed for murder? The story of Herbert Armstrong is among a host of compelling reads selected by David Pickup. Other titles include Gordon R Ashton’s fascinating memoirs and guidance on legal practice.
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Feature
Unlimited SRA fines on the horizon
The government is on a path to introduce legislation that will enable the Solicitors Regulation Authority to take greater action against the ‘facilitators’ of money laundering; law firms will soon need to brace themselves for unlimited fines from the SRA for ‘economic crimes’. Julie Norris In the ...
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Opinion
Solicitors should not police economic crime
A new addition to the public interest objectives is an attempt to advance specific government policy through regulatory manipulation. It must be resisted.