‘A couple who made a fortune bankrupting companies to fund their lavish lifestyle have today been ordered to repay more than £10million.’
Crown Prosecution Service, 12th September 2019
Source: www.cps.gov.uk
‘HMRC is facing a legal battle to block it from handing personal details about British citizens to US tax authorities. The case could have wide-ranging implications for tens of thousands of so-called accidental Americans who left the US when they were months or years old but risk having their British bank accounts frozen for failing to comply with the US tax requirements.’
The Guardian, 12th September 2019
Source: www.theguardian.com
‘More than £100m suspected to have been imported to the UK from bribery and corruption overseas has been frozen following a court order obtained by the National Crime Agency.’
The Guardian, 14th August 2019
Source: www.theguardian.com
‘Government plans to combat money laundering, fraud and other economic crimes have come under fire for allowing banks that have previously been implicated in wrongdoing to play a key role in writing the new rules.’
The Independent, 13th July 2019
Source: www.independent.co.uk
‘A new advisory board and statutory guidance would reduce wasted time and improve the UK’s ability to tackle money laundering and terrorist financing, the Law Commission has announced.’
Law Commission, 18th June 2019
Source: www.lawcom.gov.uk
‘The City regulator has accused UK banks of causing “significant harm” to their most vulnerable customers as it pushes ahead with a ban on excessive overdraft fees.’
The Guardian, 7th June 2019
Source: www.theguardian.com
‘Blameless scam victims who are tricked into transferring money directly to a fraudster should find they are better protected under a new voluntary industry code that comes into force from Tuesday.’
The Independent, 27th May 2019
Source: www.independent.co.uk
‘The government has launched an independent inquiry into the collapse of London Capital & Finance, the investment firm at the centre of a mounting £236m financial scandal in which thousands of investors lost money. Dame Elizabeth Gloster, a leading high court judge specialising in corporate failures, finance and fraud, will lead the investigation into the company and the oversight of the City watchdog ahead of its collapse.’
The Guardian, 23rd May 2019
Source: www.theguardian.com
‘The jury in the fraud trial against four former Barclays bankers – including the former chief executive, John Varley – has been dismissed.’
BBC News, 8th April 2019
Source: www.bbc.co.uk
‘Government orders FCA inquiry into £236m scandal surrounding investment firm.’
The Guardian, 1st April 2019
Source: www.theguardian.com
‘Goldman Sachs has been fined £34.4m by the City regulator for misreporting millions of transactions over a decade.’
The Guardian, 28th March 2019
Source: www.theguardian.com
‘MPs are pressing the Treasury Select Committee to open an immediate inquiry into the alleged forgery of signatures in bank court documents.’
BBC News, 29th March 2019
Source: www.bbc.co.uk
‘The UK’s Financial Conduct Authority (FCA) has set out its priorities for the future regulation of the consumer credit sector, including the impact of the Senior Managers and Certification Regime (SMCR).’
OUT-LAW.com, 27th March 2019
Source: www.out-law.com
‘Income tax must be deducted before administrators can pay out statutory interest to the creditors of an insolvent company, the UK’s highest court has confirmed.’
OUT-LAW.com, 14th March 2019
Source: www.out-law.com
‘Have some banks, or their legal representatives, been faking signatures on UK court documents used to repossess people’s homes and to recover other debts?’
The Guardian, 16th February 2019
Source: www.theguardian.com
‘Newham council is suing Royal Bank of Scotland over the terms of about £150m in complex bank loans, making it the latest UK bank to face a lawsuit over lending terms that critics say piled undue pressure on local services.’
The Guardian, 6th February 2019
Source: www.theguardian.com
‘Scam victims whose losses are not considered to be “life changing” could be excluded from a new compensation scheme under proposals by one of Britain’s biggest banks.’
Daily Telegraph, 24th January 2019
Source: www.telegraph.co.uk
‘Two accomplices who offered bribes to bank staff in an attempt to swindle hundreds of thousands of pounds were jailed today (January 17).’
Crown Prosecution Service, 17th January 2019
Source: www.cps.gov.uk
‘A long-awaited fraud trial of four former Barclays executives will begin this week over charges related to a £12bn rescue package secured from investors including Qatar at the height of the financial crisis.’
The Guardian, 6th January 2019
Source: www.theguardian.com
‘The Financial Conduct Authority (FCA) has been criticised for allowing Lloyds Banking Group to set up a “flawed” compensation scheme for victims of a massive fraud.’
BBC News, 17th December 2018
Source: www.bbc.co.uk
© Inner Temple Library 2019