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

Comments Off

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.’

Full story

OUT-LAW.com, 14th August 2014

Source: www.out-law.com

Comments Off

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by a person living and working in Spain who permitted the money to be received into his Spanish bank account and then withdrawn from it.’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

Comments Off

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.’

Full story

BBC News, 3rd July 2014

Source: www.bbc.co.uk

Comments Off

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.’

Full story

BBC News, 4th June 2014

Source: www.bbc.co.uk

Comments Off

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.’

Full story

Sentencing Council, 23rd May 2014

Source: www.sentencingcouncil.judiciary.gov.uk

Comments Off

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

Comments Off

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

Comments Off

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.’

Full story

BBC News, 24th February 2014

Source: www.bbc.co.uk

Comments Off

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

Comments Off

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

Comments Off

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

Comments Off

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

Comments Off

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

Comments Off

Pensioner jailed after conning blind widow out of £2.2m estate – Daily Telegraph

Posted November 13th, 2013 in forgery, fraud, money laundering, news, obtaining property by deception, sentencing by tracey

“A pensioner who went on the run after conning a blind widow out of her £2.2m estate has been jailed for 10 years.”

Full story

Daily Telegraph, 13th November 2013

Source: www.telegraph.co.uk

Comments Off

Libel tourism at an end, say lawyers following high court rulings – The Guardian

“Lawyers have heralded the death of so-called libel tourism after the high court threw out two cases brought by wealthy foreigners over allegations published overseas.”

Full story

The Guardian, 15th October 2013

Source: www.guardian.co.uk

Comments Off

Manchester loan sharks jailed after preying on young mothers – BBC News

Posted September 25th, 2013 in debts, interest, intimidation, loans, money laundering, news by sally

“Three Manchester loan sharks who charged vulnerable people 100% interest and menaced them by mobile phone have been jailed.”

Full story

BBC News, 24th September 2013

Source: www.bbc.co.uk

Comments Off

Deferred Prosecution Agreements ‐ at one with atonement – Dyers Chambers

“With the Crime and Courts Act having received Royal Assent on 25 April 2013, Andrew Price looks at the genesis of Deferred Prosecution Agreements (DPAs) and what may lie in store for the future.”

Full story (PDF)

Dyers Chambers, 11th July 2013

Source: www.dyerschambers.com

Comments Off

Man jailed over passport fraud – Home Office

“A man who attempted to help illegal immigrants get into the UK with British passports has been jailed for nearly four years.”

Full story

Home Office, 28th June 2013

Source: www.gov.uk/home-office

Comments Off

Fraud, bribery and money laundering offences draft guideline – Sentencing Council

Posted June 27th, 2013 in bribery, consultations, fraud, money laundering, news, sentencing by sally

“The Sentencing Council is updating guidance for courts so that all fraud offences are covered by a consistent set of guidelines that will also deal with corporate offenders.”

Full story

Sentencing Council, 27th June 2013

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

Comments Off