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.’

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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.’

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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.’

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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.’

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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.’

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Legal Futures, 18th April 2016

Source: www.legalfutures.co.uk

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National Crime Agency demands quicker access to offshore firm records – The Guardian

‘The UK crime agency is demanding quicker access to the corporate records of secretive offshore companies in Britain’s overseas territories including the British Virgin Islands, Bermuda and the Cayman Islands.’

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The Guardian, 10th April 2016

Source: www.guardian.co.uk

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Four guilty of hijacking migrant workers’ bank accounts – The Guardian

‘Three men and a woman convicted of laundering criminally acquired money in Cambridgeshire after trial over offences relating to exploitation of workers.’

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The Guardian, 22nd March 2016

Source: www.guardian.co.uk

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Former X Factor hopeful guilty of laundering phone scam cash – BBC News

Posted March 4th, 2016 in conspiracy, conversion, money laundering, news by tracey

‘A former X Factor contestant has been found guilty of laundering £20,000 from a phone scam that defrauded 18 pensioners across southern England.’

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BBC News. 3rd March 2016

Source: www.bbc.co.uk

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Paddy Power ‘encouraged gambler until he lost his home, jobs and family’ – The Guardian

Posted March 1st, 2016 in gambling, money laundering, news, reports by sally

‘Bookmaker Paddy Power encouraged a problem gambler to keep betting until he lost five jobs, his home and access to his children, according to a report by the Gambling Commission.’

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The Guardian, 29th February 2016

Source: www.guardian.co.uk

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The FCA and Upper Tribunal – Financial Services Blog

Posted February 22nd, 2016 in enforcement, financial services ombudsman, money laundering, news, tribunals by sally

‘The FCA’s “further decision notice” on Mr Tariq Carrimjee (senior partner and CEO of Somerset Asset Management) revealed that, the regulator has taken on board the Tribunal’s view that banning Mr Carrimjee from all regulated activity would be “irrational and disproportionate”, and it has instead decided to prohibit him from performing compliance oversight (CF10) and money laundering reporting functions (CF11).’

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Financial Services Blog, 15th February 2016

Source: www.rpc.co.uk

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Call to tighten UK’s new property law to crack down on ‘dirty money’ – The Guardian

Posted February 15th, 2016 in corruption, London, money laundering, news, retrospectivity, sale of land, trusts by sally

‘New laws that aim to stop the UK being a magnet for money launderers – by forcing the owners of properties to reveal their identities – should be applied retrospectively, leading anti-corruption organisations whose work has strongly influenced the government are saying.’

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The Guardian, 13th February 2016

Source: www.guardian.co.uk

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Pilot ‘Biggles’ jailed over £33m cocaine smuggling ring – The Guardian

Posted February 10th, 2016 in aircraft, conspiracy, drug trafficking, money laundering, news, sentencing by sally

‘A pilot nicknamed Biggles has been jailed for 19 years for smuggling £33.5m worth of cocaine into Britain.’

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The Guardian, 9th February 2016

Source: www.guardian.co.uk

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Worker stole nearly £500,000 of council funds to pay for lavish wedding – The Guardian

Posted December 4th, 2015 in abuse of position of trust, care workers, fraud, money laundering, news, sentencing by tracey

‘A finance officer in one of London’s poorest boroughs has been jailed after she defrauded the council of almost £500,000, paying for a lavish wedding, a honeymoon in Dubai and extensive home renovations.’

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The Guardian, 3rd December 2015

Source: www.guardian.co.uk

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Four defendants, including a senior NHS manager, convicted of defrauding or conspiring to defraud the NHS of over £3m – Crown Prosecution Service

Posted December 1st, 2015 in fraud, health, money laundering, press releases by tracey

‘Four defendants have been convicted at Leeds Crown Court of money laundering and fraud offences. The main defendant, Neil Wood, was a senior manager within NHS England, responsible for assessing and providing training for NHS managers. The other defendants were friends, associates and family members of Mr Wood.’

Full press release

Crown Prosecution Service, 27th November 2015

Source: www.cps.gov.uk

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After FIFA/IAAF corruption – time for institutional change – Sports Law Bulletin

Posted November 16th, 2015 in bribery, corruption, money laundering, news, sport by sally

‘Sport has failed. 2015 may well go down as the most disgraced year in the history of sport. But it should also go down as the year things changed. The year when it finally became apparent that sport can no longer go on ‘governing’ itself in the way it has.’

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Sports Law Bulletin, 13th November 2015

Source: www.sportslawbulletin.org

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Women get right to reopen divorce settlements after supreme court ruling – The Guardian

‘Two women who said that their ex-husbands misled judges about how much they were worth win right to have settlements re-examined.’

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The Guardian, 14th October 2015

Source: www.guardian.co.uk

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Divorce ruling: Women await hidden wealth decision – BBC News

‘Two women who want their divorce settlements increased because they say their ex-husbands misled courts are to hear the Supreme Court’s ruling later. Alison Sharland and Varsha Gohil say the men hid the true extent of their wealth when the deals were made. The BBC’s Clive Coleman said it was the “first time in a generation” the court had examined how much a person can lie about assets before a divorce deal can be scrapped or renegotiated.’

Full story

BBC News, 14th October 2015

Source: www.bbc.co.uk

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Gambling operators would face practical difficulties in implementing proposed crime controls, says expert – The Guardian

Posted October 8th, 2015 in consultations, crime, EC law, gambling, licensing, money laundering, news by sally

‘Gambling operators would face practical difficulties in adhering to new anti-crime controls proposed by the British Gambling Commission, an expert has said.’

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OUT-LAW.com, 7th October 2015

Source: www.out-law.com

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Foreign criminals drive up house prices by laundering money into property – Daily Telegraph

Posted July 29th, 2015 in money laundering, national crime agency, news by sally

‘Foreign criminals are laundering billions of pounds by purchasing expensive properties – pushing up house prices, the National Crime Agency has said.’
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Daily Telegraph, 24th July 2015

Source: www.telegraph.co.uk

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The Relevance of Probate in the Digital Age – New Square Chambers

Posted July 27th, 2015 in computer crime, executors, internet, money laundering, news, probate by sally

‘Imagine an estate where there is no dispute amongst the beneficiaries, whether about the validity of the deceased’s will or its terms. Imagine that there is no inheritance tax to pay by reason of the death of the deceased. The bulk of the estate is held in a bank account that is accessible online and the executor named in the will is aware of the username and password applicable to this online account. He wishes to use them to transfer the money in the account to an account in his name and then to administer it precisely according to law.’

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New Square Chambers, 29th June 2015

Source: www.newsquarechambers.co.uk

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