Human rights abusers who buy London homes could have assets seized – The Guardian

Posted December 5th, 2016 in bills, human rights, money laundering, news, sale of land by sally

‘Dictators and human rights abusers who buy luxury property in London and use the UK to conceal their wealth could have their assets seized under an MPs’ initiative.’

Full story

The Guardian, 4th December 2016

Source: www.guardian.co.uk

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Home Secretary’s speech to the FCA’s Financial Crime Conference – Home Office

‘Home Secretary Amber Rudd gave a speech on economic crime at the Financial Conduct Authority annual crime conference on 10 November 2016.’

Full speech

Home Office, 14th November 2016

Source: www.gov.uk/home-office

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Couple jailed for laundering £50m – The Guardian

Posted October 31st, 2016 in money laundering, news, sentencing by sally

‘A couple who ran a diamond trading business have been jailed for laundering about £50m for organised crime gangs in less than two years.’

Full story

The Guardian, 28th October 2016

Source: www.guardian.co.uk

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New legislation to attack criminal finances – Home Office

Posted October 17th, 2016 in corruption, money laundering, press releases, proceeds of crime, terrorism by tracey

‘New legislation to tackle money laundering and corruption, recover the proceeds of crime and counter terrorist financing was published today.’

Full press release

Home Office, 13th October 2016

Source: www.gov.uk/home-office

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Ringleader of gang responsible for £113m fraud jailed for 11 years – The Guardian

Posted September 22nd, 2016 in computer crime, conspiracy, fraud, gangs, money laundering, news, sentencing by sally

‘The head of a fraud ring has been sentenced to 11 years in prison for his part in a £113m scam, which funded purchases including a fleet of customised Porsches and shopping sprees at Harrods.’

Full story

The Guardian, 21st September 2016

Source: www.guardian.co.uk

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Bosses could face jail for failure to prevent fraud – BBC News

Posted September 12th, 2016 in bills, employment, fraud, money laundering, news, tax evasion by sally

‘Company bosses could be prosecuted for failing to stop their staff committing fraud under new laws being considered by ministers.’

Full story

BBC News, 12th September 2016

Source: www.bbc.co.uk

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Brexit, risk mitigation & corporate crime – Halsbury’s Law Exchange

Posted August 12th, 2016 in bribery, corruption, EC law, fraud, money laundering, news, referendums, sanctions, warrants by sally

‘After the shock waves felt as a result of the Brexit vote, how should companies deal with corporate governance and criminal risk issues? What should companies be monitoring as they await changes that will take place once the Brexit Article 50 trigger is pulled?’

Full story

Halsbury’s Law Exchange, 9th August 2016

Source: www.halsburyslawexchange.co.uk

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Cybercriminal “Sir King Cash” ordered to pay back over half a million pounds – Crown Prosecution Service

‘Fraudster Sean Benson, who went by the screen name “Sir King Cash”, has been ordered to pay back £554,000 by a judge at Southwark Crown Court. Benson now has three months in which to pay back the money or face a further five years in jail. All of the money will be paid back to the victims of the fraud.’

Full press release

Crown Prosecution Service, 29th July 2016

Source: www.cps.gov.uk

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Gambling Commission orders Betfred to pay £800,000 – The Guardian

Posted June 15th, 2016 in compensation, gambling, inducements, money laundering, news, theft by sally

‘The bookmaker Betfred has agreed to an £800,000 settlement after accepting stolen cash from a “VIP” customer, who was allegedly offered free drinks and day trips to encourage him to keep betting.’

Full story

The Guardian, 14th June 2016

Source: www.guardian.co.uk

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We need full separation from Law Society to police money laundering, SRA tells Treasury – Legal Futures

‘The Solicitors Regulation Authority (SRA) has opened a second front in its campaign for full separation from the Law Society by appealing to the Treasury to intervene over the issue of money laundering.’

Full story

Legal Futures, 7th June 2016

Source: www.legalfutures.co.uk

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FCA warns banks on use of anti-money laundering rules to close accounts – The Guardian

Posted May 25th, 2016 in banking, charities, competition, EC law, fines, money laundering, news by sally

‘UK banks have been told by the City regulator they should not use anti-money laundering rules as an excuse to close accounts for charities, politicians and other clients just because they perceive them as risky.’

Full story

The Guardian, 24th May 2016

Source: www.guardian.co.uk

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Four Latvians jailed in UK for exploiting vulnerable migrants – The Guardian

Posted May 23rd, 2016 in fraud, gangs, immigration, marriage, money laundering, news, sentencing by sally

‘Four members of a Latvian organised crime gang who used vulnerable fellow migrants to launder stolen money and offered their indebted female eastern European workers as brides for hire have been sentenced to a total of 23 years in prison at Huntingdon crown court.’

Full story

The Guardian, 20th May 2016

Source: www.guardian.co.uk

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UK proposes ‘sweeping changes’ to corporate liability for economic crimes – OUT-LAW.com

‘The planned introduction of a new corporate criminal offence of failure to prevent fraud, money laundering and other economic crimes would have an “even bigger impact on businesses than the introduction of the Bribery Act”, a corporate crime expert has said.’

Full story

OUT-LAW.com, 13th May 2016

Source: www.out-law.com

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New plans to tackle corporate fraud – Ministry of Justice

Posted May 13th, 2016 in fraud, money laundering, press releases, tax evasion by tracey

‘New proposals to crack down on “economic crimes” such as fraud and money laundering are to be considered later this year.’

Full press release

Ministry of Justice, 12th  May 2016

Source: www.gov.uk/government/organisations/ministry-of-justice

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Legal Services Board makes the case for regulatory independence – Legal Futures

‘The lack of independence between the legal regulators and representative bodies risks undermining the credibility of regulation and allows the likes of the Law Society and Bar Council to delay reforms that would benefit competition, the Legal Services Board (LSB) said yesterday.’

Full story

Legal Futures, 11th May 2016

Source: www.legalfutures.co.uk

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Gang jailed over pensioner phone scam – BBC News

‘Eight men from London have been jailed for a phone scam that defrauded UK pensioners out of more than £1m.’

Full story

BBC News, 4th May 2016

Source: www.bbc.co.uk

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New ‘unexplained wealth orders’ among UK anti-money laundering reforms – OUT-LAW.com

Posted April 26th, 2016 in consultations, financial regulation, fraud, money laundering, news by sally

‘Those suspected of money laundering could be required to explain the origins of any unexpected wealth or risk forfeiture as part of a package of measures put forward for consultation by the UK government.’

Full story

OUT-LAW.com, 25th April 2016

Source: www.out-law.com

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Money laundering: New law planned to target corrupt officials – BBC News

‘MPs, councillors and civil servants suspected of corruption are to be targeted by a new law proposed by the home secretary.’

Full story

BBC News, 21st April 2016

Source: www.bbc.co.uk

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Biggest reforms to money laundering regime in over a decade – Home Office

Posted April 22nd, 2016 in money laundering, press releases, proceeds of crime, terrorism by tracey

‘The Home Secretary has set out the most significant changes to the UK’s anti-money laundering and terrorist finance regime in over a decade.’

Full press release

Home Office, 21st April 2016

Source: www.gov.uk/home-office

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Conveyancers on both sides held liable for fraud in landmark case – Legal Futures

Posted April 19th, 2016 in breach of trust, contracts, conveyancing, fraud, money laundering, news, solicitors by sally

‘The conveyancers on both sides of a property fraud have been found jointly liable for the £470,000 loss suffered by the buyer.’

Full story

Legal Futures, 18th April 2016

Source: www.legalfutures.co.uk

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