All Money laundering and financial crime articles – Page 6
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NewsTreasury highlights 'weaknesses' in anti-money laundering effort
'Significant deficiencies' remain in supervision by 22 legal and accountancy sector regulators.
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News'Tick box’ AML regime isn’t working, Society tells Treasury
Chancery Lane pushes for a risk-based approach which takes pressure off small firms.
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NewsLaw Societies condemn 'harmful' economic crime levy
New tax will play into the hands of rival jurisdictions seeking investment, professional body warns.
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OpinionBitcoin’s mystery man turns up - in the law courts
A forthcoming libel action will air questions about the identity of 'Satoshi Nakamoto'. It is unlikely to resolve them.
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NewsSRA visits 85 firms in a year as part of AML crackdown
Professional supervisor figures give indication of work being done to enforce regulations.
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OpinionIn the AML parade, the emperor has no clothes
Our present financial regulatory structure is not fit for purpose.
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NewsSRA wants to see evidence gathered from Pandora papers leak
Regulator pledges to investigate wherever there are signs of potential misconduct.
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NewsEconomic crime levy ‘penalises profession’, says Law Society
New tax will ‘compound a very difficult operating landscape for many firms’, professional body warns.
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NewsLaw firms set to be captured by new £100m economic crime levy
New legislation could see largest law firms paying an extra £250,000 in tax.
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NewsBuckland calls for tougher corporate crime laws
The Law Commission is due to produce its paper on corporate criminal liability by early next year.
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OpinionWithout adequate resources the war against money laundering is destined to fail
HMRC has only 120 ongoing investigations relating to breaches of money laundering regulations - and only six of these are criminal investigations.
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NewsCrown court clogged by low value fraud cases
Total value of alleged fraud reaching UK courts fell by 70% year-on-year, despite rise in the volume of cases.
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NewsSFO receives welcome boost from watchdog
Serious Fraud Office and Crown Prosecution Service praised for proceeds of crime efforts.
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OpinionWhy our AML regime needs a radical overhaul
We need to be bold - consider the French bar’s solution, under which lawyers are not allowed to hold clients’ money.
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NewsSRA begins money laundering clampdown with six firms fined
Sanctioned group waited more than a year to submit required risk assessment of AML policies.
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NewsCourt backs solicitor who oversaw handbag invoice search
Applicant argued the supervising solicitor should be removed with immediate effect following a search of a storage facility.
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OpinionHeed the shoeshine boy theory - but crypto is more than Bitcoin
Digital assets should be brought inside the regulatory tent before the coming crash.
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NewsENRC pursues Dechert in Commercial Court
Four-month hearing involving mining company, international firm and Serious Fraud Office opens on Monday.