Judge criticises National Crime Agency over collapse of fraud trial – The Guardian

‘The National Crime Agency has been labelled “incompetent” by an Old Bailey judge after a series of blunders led to the collapse of a £5m trial.’

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The Guardian, 2nd December 2014

Source: www.guardian.co.uk

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HRH Prince Abdulaziz Bin Mishal Bin Abdulaziz (Appellant) v Apex Global Management Ltd and Faisal Abdel Hafiz Almhairat (Respondents) – Supreme Court

HRH Prince Abdulaziz Bin Mishal Bin Abdulaziz (Appellant) v Apex Global Management Ltd and Faisal Abdel Hafiz Almhairat (Respondents) [2014] UKSC 64 (YouTube)

Supreme Court, 26th November 2014

Source: www.youtube.com/user/UKSupremeCourt

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Drug dealer Christopher Holloway jailed for 10 years – BBC News

Posted October 10th, 2014 in drug offences, internet, money laundering, news, sentencing by sally

‘A man who sold drugs running a “legal high” website made £2.5m from his illegal activity, a court was told.’

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BBC News, 9th October 2014

Source: www.bbc.co.uk

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Warnings of “US-style penalties” for corporate economic crimes as new sentencing guidelines come into force – OUT-LAW.com

‘Firms operating in England and Wales should be prepared for tougher penalties in cases of fraud, bribery and money laundering now that new sentencing guidelines have come into force, an expert has said.’

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OUT-LAW.com, 7th October 2014

Source: www.out-law.com

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Fraud, bribery and money laundering offences guideline comes into effect – Sentencing Council

Posted October 2nd, 2014 in bribery, Crown Court, fraud, magistrates, money laundering, news, sentencing by tracey

‘Following a period of training and implementation the definitive guideline on fraud, bribery and money laundering offences came into effect on 1 October 2014.’

Versions for the Crown Court and magistrates’ courts

Sentencing Council, 1st October 2014

Source: http://sentencingcouncil.judiciary.gov.uk

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Match.com conmen: two men found guilty of dating website scam – The Guardian

Posted September 9th, 2014 in conspiracy, fraud, internet, money laundering, news by sally

‘Two men have been found guilty of money laundering over a dating website scam that targeted single women looking for love online.’

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The Guardian, 8th September 2014

Source: www.guardian.co.uk

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Beezadhur v Independent Commission against Corruption and another – WLR Daily

Posted August 22nd, 2014 in banking, constitutional law, law reports, money laundering by tracey

Beezadhur v Independent Commission against Corruption and another; [2014] UKPC 27; [2014] WLR (D) 380

‘Where a statute aimed at the prevention of money-laundering prohibited the depositing of cash sums above a specified limit save where it was “commensurate with the lawful business activities of the customer”, a customer could not claim that cash sums above the limited regularly deposited by him from his pension were deposits from his “business activities”.’

WLR Daily, 7th August 2014

Source: www.iclr.co.uk

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Senior managers ‘personally liable’ for anti-money laundering check failings at money service businesses, says HMRC – OUT-LAW.com

‘Senior managers at ‘money service businesses’ face up to two years imprisonment and an unlimited fine if their neglect leads to money laundering or terrorist financing activities, HM Revenue & Customs (HMRC) has warned.’

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OUT-LAW.com, 14th August 2014

Source: www.out-law.com

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Regina v Rogers (Bradley) and others – WLR Daily

Posted August 5th, 2014 in fraud, jurisdiction, law reports, money laundering, proceeds of crime by sally

Regina v Rogers (Bradley) and others [2014] EWCA Crim 1680; [2014] WLR (D) 362

‘Both the provisions relating to money laundering contained in the Proceeds of Crime Act 2002 and earlier authority provided jurisdiction in the English courts to cover an allegation of converting criminal property obtained by fraud in the United Kingdom by a person living and working in Spain who permitted the money to be received into his Spanish bank account and then withdrawn from it.’

WLR Daily, 1st August 2014

Source: www.iclr.co.uk

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Jail for gang who conned Clacton and Colchester pensioners out of £1m – BBC News

Posted July 3rd, 2014 in conspiracy, fraud, gangs, money laundering, news, sentencing by sally

‘A gang of five rogue traders who conned elderly men and women in Essex out of more than £1m have been jailed.’

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BBC News, 3rd July 2014

Source: www.bbc.co.uk

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Two more guilty of record boiler room fraud – BBC News

‘New convictions in the UK’s biggest-ever boiler room scam bring the total convictions in this £70m fraud to nine.’

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BBC News, 4th June 2014

Source: www.bbc.co.uk

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New sentencing guidelines bring increased focus to the impact of fraud on victims – Sentencing Council

Posted May 28th, 2014 in bribery, fraud, money laundering, news, sentencing by sally

‘The Sentencing Council has published a new guideline for how people convicted of fraud, money laundering and bribery should be sentenced.’

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Sentencing Council, 23rd May 2014

Source: www.sentencingcouncil.judiciary.gov.uk

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Finance and Divorce Update – Family Law Week

Posted April 11th, 2014 in divorce, financial provision, money laundering, news, pensions by sally

‘Jessica Craigs, senior solicitor, and David Salter, Joint Head of Family Law, both of Mills & Reeve LLP analyse the financial remedies and divorce news and cases published in March.’

Full story

Family Law Week, 11th April 2014

Source: www.familylawweek.co.uk

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Recent Developments In Tax Planning From A European Perspective: The Impact on Off Shore Jurisdictions – Six Pump Court

Posted March 10th, 2014 in disclosure, EC law, money laundering, news, taxation, trusts by sally

‘As part of a pan European project to cut down on alleged illicit money laundering through financial institutions and legally created entities such as companies, foundations and trusts, the European Union has launched its fourth anti-money laundering Directive.’

Full story

Six Pump Court, 7th March 2014

Source: www.6pumpcourt.co.uk

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DPP Alison Saunders announces plan to seize more criminal assets hidden abroad – BBC News

‘The director of public prosecutions for England and Wales has unveiled a new drive to clamp down on criminals hiding their assets abroad.’

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BBC News, 24th February 2014

Source: www.bbc.co.uk

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British couple lose their battle against extradition to the US – Daily Telegraph

Posted February 20th, 2014 in extradition, fraud, money laundering, news by michael

‘A British couple who have lost their High Court fight against extradition to the US over an alleged work expenses fraud have said that the “injustice is too much to bear”.’

Full story

Daily Telegraph, 20th February 2014

Source: www.telegraph.co.uk

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New sentencing guideline for corporate fraud – Sentencing Council

Posted February 3rd, 2014 in bribery, codes of practice, fraud, money laundering, news, sentencing by tracey

‘Following consultation the Sentencing Council is publishing a new definitive guideline on fraud, bribery and money laundering offences committed by corporate offenders which will come into force on 1 October 2014.’

Full guidelines

Sentencing Council, 31st January 2014

Source: http://http://sentencingcouncil.judiciary.gov.uk

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Man jailed for phishing scam that targeted UK students to steal £1.5m – The Guardian

Posted December 16th, 2013 in conspiracy, electronic mail, fraud, internet, loans, money laundering, news, sentencing, theft by sally

‘A man has been jailed for nearly four years for his part in a phishing scam that targeted UK students to steal in excess of £1.5m.’

Full story

The Guardian, 14th December 2013

Source: www.guardian.co.uk

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Loan shark father and son ordered to repay £300k+ in assets – Local Government Lawyer

Posted November 25th, 2013 in assets recovery, gambling, loans, money laundering, news, sentencing by tracey

‘A father and son convicted of illegal money lending have been ordered to pay back more than £300,000 in assets.’

Full story

Local Government Lawyer, 25th November 2013

Source: www.localgovernmentlawyer.co.uk

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Justice Committee calls for “more meaningful” penalties for companies convicted of financial crime – OUT-LAW.com

“Fines handed to companies convicted of fraud or other financial crimes should be calculated as a percentage of turnover, rather than with reference to the amount of financial harm caused, a committee of MPs has said.”

Full story

OUT-LAW.com, 13th November 2013

Source: www.out-law.com

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