All Money laundering and financial crime articles – Page 9
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NewsEx-football boss solicitor refused permission to appeal
David Haigh alleged that Dubai conviction had been procured by fraud.
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NewsSolicitors still acting as fronts for ‘dubious schemes’
SRA updates warning after publishing review of 40 recent cases leading to regulatory action.
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NewsAML fines falling, global survey suggests
UK authorities collected £98.2m in calendar 2019 - but only £36.6m in first six months of 2020.
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NewsSFO defends charging decisions as caseload drops
Agency fulfilled its duty in pursuing matters that have been prosecuted, says director.
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NewsEconomic crime levy to collect £100m a year
Law Society warns of 'further unjustified burden' on a sector already under strain.
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NewsLegal profession 'vigilant' against money laundering - Law Society
Chancery Lane responds to 'industry of enablers' charge in intelligence committee's Russia report.
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NewsHerbert Smith unethical or incompetent during bank scandal review, MPs claim
All-party parliamentary group submits 21-page document to SRA over advice to Lloyds Banking Group.
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ProfileBridge over ‘muddy waters’
Romania has an unfortunate history of bribery and corruption. White-collar crime specialist Mihai Mares helps international firms navigate what can be a byzantine legal system.
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OpinionAML and the SRA: Time to root out the bad apples?
Is regularly visiting ‘high risk’ firms, and a random sample of others, to check compliance a sensible approach?
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NewsHerbert Smith Freehills referred to SRA over banking scandal
A parliamentary group has criticised advice HSF gave to Lloyds over the bank’s compensation scheme.
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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.