All Money laundering and financial crime articles – Page 7
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FeatureTaking the rap: crime
In a dysfunctional and cash-strapped criminal justice system, are sentencing discounts for a guilty plea leading to miscarriages of justice?
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OpinionNo, lawyers are not like hitmen
The fact that lawyer abuse is now happening on such a regular basis is a failure internationally of our professional bodies.
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NewsSFO under fire as tagging prosecution thrown out
Judge dismisses case against two former executives of Serco folllowing disclosure failures.
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NewsAccountant jailed for £400k City firm fraud banned from working in law
Management accountant dishonestly appropriated £400,000 from international firm Clyde & Co.
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NewsEx-directors in dock as Serco tagging fraud trial opens
Former managers are accused of committing ‘fraud against the tax payer’ in relation to a government electronic tagging contract.
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NewsSRA passes on money laundering cases involving £200m in a year
Money laundering linked to vendor fraud identified as a key theme in suspicious activity reports.
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FeatureLaw Society Risk and Compliance Conference
'Don’t let online boasts damage your reputation'.
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NewsEx-Clifford Chance solicitor charged with fraud and insider dealing
Suhail Zina and his brother Mohammed Zina will appear at Southwark Crown Court next month.
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OpinionAML measures are failing. Why are we supporting them?
Several foreign bars have a history of vigorous and litigious opposition to their country’s money laundering legislation.
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NewsSFO ruling casts doubt over other foreign material, lawyers claim
Supreme Court ruled that the SFO cannot demand documents held outside the UK by a foreign company under the Criminal Justice Act 1987.
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NewsSupreme Court clips Serious Fraud Office's wings
SFO cannot require foreign companies to produce documents held outside the UK under Criminal Justice Act, court finds.
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OpinionSolicitors urged to review AML policies as new guidance launches
Guidance explains what is a ‘must’, a ‘should’ and a ‘may’ to help ensure practices can understand and address anti-money laundering risk.
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NewsReview AML procedures now, practitioners warned
New version of anti-money laundering guidance published today.
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NewsPolice warn solicitors about phishing scam
Fraudsters are imitating law firm websites to acquire client bank details, says Hampshire Constabulary.
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NewsSmall firms should not escape financial crime levy, SRA tells government
Charges should be based on risk profile, which means smaller practices would be liable.
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NewsFirm fined £14,000 after missing ‘red flags’ on property work
SRA announces sanction in the same week as renewing calls for extra due diligence on clients.
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NewsSRA tells firms: Check exactly where your client’s money came from
Regulator suggests current checks being made by some firms are not enough.
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NewsExpect no relaxation in AML regime, solicitors warned
Conference will preview new guidance from legal sector supervisors.
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NewsSolicitors hit back at MoJ's ‘fence-sitting’ economic crime review
Review into corporate criminal liability was ‘inconclusive’, says Ministry of Justice.
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OpinionSolicitors should not be penalised because of financial crime
Whist the profession has an important role to play in the AML regime, the Law Society strongly opposes the economic crime levy.