All Money laundering and financial crime articles – Page 17
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NewsLawyers call for SFO funding boost ahead of anti-corruption summit
Legal and accountancy bodies unite to voice their support for renewed anti-corruption drive.
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OpinionAnti-corruption: measuring success
We must judge the success of this week’s London summit only by the long-term practical actions that may follow.
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News
Law Society to discuss concerns over anti-money laundering reforms
Chancery Lane voices fears about the government’s ‘all crimes’ approach to the definition of criminal property.
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News‘Consent’ defence could go as part of AML reforms
Government publishes action plan to overhaul measures to prevent money laundering and terrorism finance.
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NewsJudge backs Libor trader confiscation order
Tom Hayes, who is serving 11 years, must pay nearly £900,000, court rules.
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News
SFO ends forex investigation
The Serious Fraud Office (SFO) has closed its investigation into allegations of fraudulent conduct on the foreign exchange market, raising questions over government decisions that have limited its powers. Last week the SFO said that after reviewing 500,000 documents, it decided ‘there were reasonable grounds to suspect the commission of ...
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FeatureMixed fortunes for the SFO
The SFO faces daunting political and resourcing challenges, but it is moving in the right direction.
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News
Four solicitors face fraud charges
The alleged medical invoice fraud was estimated to be around £950,000.
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NewsSFO investigating 'tiny fraction' of tip offs, says City firm
Lack of funding is preventing the SFO from investigating some cases of serious fraud or corruption, Pinsent Masons has claimed.
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NewsSerious Fraud Office requests ‘blockbuster’ funding
Solicitor general reveals request for 60% funding boost to pay for significant investigations.
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NewsUS firm seeks UK whistleblowers for claims
Phillips & Cohen’s London office will help the firm represent UK clients wanting to take whisteblowing claims to court in the US.
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FeatureDeferred prosecution agreements and follow-on actions
The first DPA in this country has proved to be exactly the kind of illustration of a DPA that the SFO would have hoped for.
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NewsBribery case prompts first deferred prosecution
UK-registered bank accepts penalty of $16.8m for failure to prevent bribe in British first.
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NewsMoney laundering awareness campaign kicks off
‘Flag it up’ will provide professionals with guidance to ensure they are not caught up in criminality.
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NewsClifford Chance Libor documents covered by legal privilege, court rules
A High Court judge holds that lawyers must be able to give ‘candid factual briefings’ secure in the knowledge communications will not be disclosed.
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FeatureWhen loans become assets to freeze
The effect of a recent judgment on freezing orders is far-reaching for clients and lawyers.
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OpinionCombating corporate crime
What should we infer from the decision to halt work on a corporate offence of failing to prevent economic crime?
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NewsLawyers dismiss claim that sector is money laundering risk
Bodies representing the legal profession say national risk assessment based on intelligence shortcomings.
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NewsCriminals raid 50 firms in cyberattacks this year – SRA
Regulator also concerned by lack of training in detecting money laundering schemes.
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OpinionHouse prices and crime
The cumbersome regime imposed on solicitors to tackle money laundering is not working. The evidence is in sky-high house prices.