All Money laundering and financial crime articles – Page 9
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NewsNew AML reporting duty postponed
HMRC says government will amend UK regulations implementing the DAC 6 measure on cross-border transactions.
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NewsHSBC faces £1.3bn group action over ‘sham’ Disney scheme
Claimants allege they were induced to invest in Eclipse Partnerships under false pretences.
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NewsSRA confirms monthly spot checks in money laundering fight
Business plan includes more visits and checks on the highest-risk firms.
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News£1.5bn claim against Barclays opens at High Court
Bank faces civil claim from private equity firm over alleged deceit during the 2008 financial crisis.
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NewsSFO hires officer to boost its value for money
Covid-19 is expected to change the way criminal justice organisations operate.
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FeatureA ‘setback’ for unexplained wealth orders
On 8 April, two prominent Kazakhstan citizens successfully persuaded the High Court to discharge three unexplained wealth orders (National Crime Agency v Baker and ors [2020] EWHC 822 (Admin)). The UWOs related to three London homes owned for the benefit of Nurali Aliyev and his Kazakh politician mother, Dariga Nazarbayeva. ...
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NewsSociety urges chancellor to bail out struggling solicitors
Extension of self-employed support scheme among measures called for by Chancery Lane.
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NewsCity firms berate AML levy ‘burden’
Charge to fund action against economic crime will damage competitiveness of UK’s legal sector, solicitors claim.
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NewsGet ready for AML swoops - SRA
Rolling monthly programme of anti-money laundering spot checks to begin this year.
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NewsChancellor's economic crime levy could hit law firms
Levy will fund investments in new technology for law enforcement.
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NewsDentons ordered to disclose documents relating to ex-client’s alleged fraud
'Fraud exception' applies to the otherwise privileged material, High Court finds.
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NewsHuge blow to SFO as Barclays bosses acquitted
The verdict raises questions over the Serious Fraud Office’s ability to secure criminal convictions against individuals.
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OpinionSFO: What’s to come in 2020
The Serious Fraud Office faced a challenging 2019. What lies ahead?
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News'Antiquated' fraud laws thwarting justice, says SFO director
Lisa Osofsky claims the high evidence threshold in fraud cases is ‘not reflective of today’s world’.
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NewsDAC6 reporting regime looms despite Brexit - and lack of guidance
From July all intermediaries will be caught by new rules on aggressive tax planning.
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NewsLawyers question timing of Airbus deferred prosecution
'Hard to ignore the possibility that this deal – and the timing of it – is political,' white collar crime specialist says.
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OpinionWhere next for deferred prosecution agreements?
The regime may be introducing a ‘parking fine’ approach to corporate criminality.
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NewsGuidance on new AML regime could take months
SRA pledges to take into account 'limited time that firms have had to prepare'.
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NewsEco scam solicitor ordered to pay £3m or face more time behind bars
Rodney Whiston-Dew was part of a five-man group which stole £20m of investors’ money.