All Money laundering and financial crime articles – Page 3
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NewsLawyers failed in Libor investigation, senior MP claims
Parliament told lawyers hired by banks did not examine evidence that would have implicated bosses.
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OpinionTime-bar: getting away with fraud
Is it time to extend the limitation period for fraud civil claims?
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OpinionClear evidence that the SFO is making progress
With more direct challenges to case work decisions, outcomes will improve and the risk of future case failures will reduce.
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NewsSFO ‘on the right track’, inspectors find
Government report concludes Serious Fraud Office has made ‘concrete progress’.
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NewsAML 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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NewsBusinessman 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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NewsCity lawyers join calls for SFO review
Experts call for 50% budget increase and more political support for fraud-busting agency.
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NewsDawn 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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NewsSector 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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NewsNew 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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NewsCorporate 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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NewsNews 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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NewsSFO'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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NewsFirms 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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OpinionDevil 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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NewsProminent Russian lawyer sanctioned by UK
Firm's co-founder 'part of an opaque financial network connected to Putin'.
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NewsOwners 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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NewsNew 'failure to prevent' offence could hit lawyers
Economic crime bill will also give SRA new information-gathering powers.
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FeaturePointing 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.