All Money laundering and financial crime articles – Page 9
-
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.
-
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.
-
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?
-
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.
-
NewsNew AML reporting duty postponed
HMRC says government will amend UK regulations implementing the DAC 6 measure on cross-border transactions.
-
NewsHSBC faces £1.3bn group action over ‘sham’ Disney scheme
Claimants allege they were induced to invest in Eclipse Partnerships under false pretences.
-
NewsSRA confirms monthly spot checks in money laundering fight
Business plan includes more visits and checks on the highest-risk firms.
-
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.
-
NewsSFO hires officer to boost its value for money
Covid-19 is expected to change the way criminal justice organisations operate.
-
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. ...
-
NewsSociety urges chancellor to bail out struggling solicitors
Extension of self-employed support scheme among measures called for by Chancery Lane.
-
-
NewsCity firms berate AML levy ‘burden’
Charge to fund action against economic crime will damage competitiveness of UK’s legal sector, solicitors claim.
-
NewsGet ready for AML swoops - SRA
Rolling monthly programme of anti-money laundering spot checks to begin this year.
-
NewsChancellor's economic crime levy could hit law firms
Levy will fund investments in new technology for law enforcement.
-
NewsDentons ordered to disclose documents relating to ex-client’s alleged fraud
'Fraud exception' applies to the otherwise privileged material, High Court finds.
-
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.
-
OpinionSFO: What’s to come in 2020
The Serious Fraud Office faced a challenging 2019. What lies ahead?
-
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’.
-
NewsDAC6 reporting regime looms despite Brexit - and lack of guidance
From July all intermediaries will be caught by new rules on aggressive tax planning.