All Money laundering and financial crime articles – Page 4
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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.
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OpinionBest 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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FeatureUnlimited 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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OpinionSolicitors 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.
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NewsSuper regulator backs new crime-fighting mandate
Legal Services Board submits evidence to MPs scrutinising Economic Crime and Corporate Transparency Bill.
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NewsBlow to corporate transparency as top EU court backs anonymity
Public’s access to information on beneficial ownership constitutes ‘a serious interference with the fundamental rights to respect for private life'.
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NewsHacking victim retains anonymity in 'persons unknown' action
Judge agrees to withhold identity of company working on 'security-sensitive and highly classified projects of national significance'.
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NewsSFO secures record penalty in Glencore bribery case
Commodities trading giant guilty of 'sophisticated offending that was sustained over prolonged periods of time'.
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NewsSRA reported £149m of ‘suspicious activity’ last year
Chair Anna Bradley says regulator 'significantly increased' resources dedicated to preventing and detecting money laundering.
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NewsNews focus: Economic crime 'enablers' in bill committee's spotlight
MPs are ramping up the rhetoric on economic crime, amid fears new legislation to combat fraud does not go far enough. Lawyers are once again in their sights as ‘facilitators’ of illegal activity and tax dodging.
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NewsTax avoidance as illegal as evasion, MPs claim
Former minister attacks 'false distinction which is reinforced by the tax industry'.
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News'Enablers' in spotlight as economic crime bill takes next step
All-party group calls for anyone assisting 'avoiders and evaders' to face the 'full force of the law'.
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NewsMPs call for specialised economic crime courts
Justice committee also backs creation of 'failure to prevent' offence.
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News‘Privileged’ legal sector escapes AML rules, campaign group claims
Spotlight on Corruption calls for bigger role for SRA as MPs debate giving regulator unlimited fining powers.
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NewsTreat overseas register regime 'like AML compliance with bells on', solicitors told
Verification process for information submitted to register of overseas entities discussed at Law Society conference.
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NewsNew 'failure to prevent' offences on the way, former LC predicts
Sir Robert Buckland KC MP tells lawyers that he expects amendments to Economic Crime and Corporate Transparency Bill.
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NewsSociety ‘extremely concerned’ at proposals for unlimited SRA fines
Government wants to legislate to remove fining limit in cases related to economic crime.