All Money laundering and financial crime articles – Page 20
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OpinionEU: end-of-term fever
Many reforms rushed through the expiring European parliament will be of great interest to lawyers.
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NewsConveyancing case is a ‘clarion call’ for lawyers
The Court of Appeal ruled that a conveyancer’s failure to follow best practice contributed to a mortgage fraud.
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OpinionInternational Guide to Money Laundering Law and Practice (fourth edition)
This book is an ideal resource for corporate counsel who are beginning risk assessment exercises.
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NewsJudge asks attorney general to intervene in VHCCs
Dominic Grieve is ‘considering’ the request to appoint an amicus curiae to deal with legal argument.
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NewsDoubts cast over ‘cost-driven’ DPA device
From today, US-style deferred prosecution agreements will become part of the toolkit of the Serious Fraud Office and the Crown Prosecution Service.
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NewsSolicitor fraud case dismissed
The defendants had set up a complex commercial transaction involving opencast mining sites and restoration obligations.
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NewsFirms ‘must question origin of foreign clients’ funds’
Former employer of Sergei Magnitsky says UK has become a haven for money launderers.
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News£4.5m fraud trial threatened by legal aid cuts
The first prosecution to be brought by the Financial Conduct Authority could be threatened.
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News
MPs recommend tough penalties for corporate fraudsters
Committee warns that new guidelines might result in ‘overly lenient’ sentences
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ProfileMadoff fraud suspect vindicated
Trevor Asserson successfully defended Sonja Kohn, the main defendant in Madoff Securities International Limited (MSIL) v Raven & Ors.
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News
MoJ cancels £75m in unpaid court fines
Shadow justice secretary attacks 50% two-year increase in cancelled fines.
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NewsNational Crime Agency opens for business
The home secretary has published the government’s strategy to ‘relentlessly pursue’ organised and serious crime.
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NewsVaz agrees to delay naming law firms linked to rogue investigators
Publication of law firms linked to rogue private investigators will be delayed by at least two weeks, MPs have confirmed.
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News
Banks win mis-selling case at appeal court
The Court of Appeal has dealt a blow to businesses bringing claims against banks for allegedly mis-selling interest rate swaps products by dismissing a claim against the Royal Bank of Scotland.
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News
Bribery Act lying dormant, SFO admits
The Serious Fraud Office is investigating just two cases relating to the Bribery Act more than two years after the new law came into force, the Gazette has learned. A freedom of information request has revealed the SFO has yet to bring any prosecutions under the new legislation and has ...
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News
EC unveils European public prosecutor plan
A European Public Prosecutor’s Office will tackle the annual loss to fraud of £431m of EU funds according to proposals published by the European Commission yesterday. The proposed office will follow up every case of suspected fraud against the EU budget. This will have a strong deterrent effect, the EC ...
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News
MoJ contracts reviewed as G4S referred to SFO
Justice secretary Chris Grayling has asked the Serious Fraud Office to investigate contractor G4S after telling parliament that it and rival Serco had overcharged the government by ‘tens of millions of pounds’ for tagging criminals. Grayling said the firms had charged the government for tagging people who were in prison, ...
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News
Lawyers shocked by money laundering claim
Lawyers have reacted with concern to an inter-governmental report apparently suggesting that complicity in money laundering and terrorist financing is rife in the legal sector. Money Laundering and Terrorist Financing Vulnerabilities of Legal Professionals, published by the Financial Action Task Force, a body set up by seven leading economies, presents ...
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News
Privilege fears over deferred prosecutions
Simmons & Simmons partner Stephen Gentle told the Gazette: ‘The consultation on DPAs stated that the “Code of Practice would include provision for the protection of legal professional privilege”. ‘But there is no such provision, and comprehensive self-reporting of wrongdoing will almost certainly lead to companies waiving privilege if a ...
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News
Financial crime sentences to prioritise victims
Proposed new sentencing guidelines for financial crimes published last week encompass bribery and money laundering for the first time, while setting out to prioritise the impact of crime on the victim. The guidelines, which will replace existing guidance published by the Sentencing Guidelines Council in 2009, also cover the sentencing ...