‘The Solicitor General discusses some of the UK’s key successes in tackling economic crime and the UK government’s ambitious Economic Crime Plan.’
Attorney General’s Office, 2nd September 2019
Source: www.gov.uk/ago
‘The owner of Ladbrokes Coral has been fined £5.9m for not protecting vulnerable customers and for failings in its anti-money laundering measures.’
BBC News, 31st July 2019
Source: www.bbc.co.uk
‘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
‘Plans to introduce laws in Britain to combat money laundering could prevent the media and researchers from accessing vital information on the tide of dirty cash flowing around the world, campaigners and journalists have warned.’
The Guardian, 9th July 2019
Source: www.theguardian.com
‘A man has been jailed for almost 10 years for selling counterfeit erectile dysfunction and slimming pills and laundering more than £10m through bank accounts linked to a Jewish charity.’
The Guardian, 5th July 2019
Source: www.theguardian.com
‘The victims of two plumbing companies who defrauded their clients have been fully compensated for their financial losses, after Southampton City Council prosecuted the individuals involved.’
Local Government Lawyer, 4th July 2019
Source: www.localgovernmentlawyer.co.uk
‘There are almost 5,000 criminal gangs in the UK. But the old family firms are gone – today’s big players are multinational, diversified and tech-savvy.’
The Guardian, 4th July 2019
Source: www.theguardian.com
‘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
‘Three London homes worth more than £80m have been frozen by the High Court in the second-ever use of anti-corruption orders to stop foreigners laundering cash in the UK.’
BBC News, 29th May 2019
Source: www.bbc.co.uk
‘Proposals for the first register of foreign-owned property aimed at preventing “McMafia-style” money laundering should be put in practice urgently and reinforced to plug potential loopholes, the government has been told.’
The Guardian, 20th May 2019
Source: www.theguardian.com
‘Autonomy founder Mike Lynch will on Monday begin his high court defence against accusations that he perpetrated a $5bn (£3.8bn) fraud, as US prosecutors unveiled fresh criminal charges accusing the British businessman of a cover-up.’
The Guardian, 24th March 2019
Source: www.theguardian.com
‘Nearly half of legal regulators do not have undertake enough supervision of anti-money laundering (AML) efforts, according to the organisation set up to scrutinise them.’
Legal Futures, 14th March 2019
Source: www.legalfutures.co.uk
‘A man who defrauded Westminster City Council’s pension fund of more than £1m has been jailed for seven years.’
Local Government Lawyer, 29th January 2019
Source: www.localgovernmentlawyer.co.uk
‘The home secretary and chancellor are to launch a joint assault on fraud, bribery, corruption and money laundering. Sajid Javid and Philip Hammond will chair a new taskforce that will work with senior figures in the financial sector to tackle economic crime. This is a broad category covering a range of illegal activity, with the Home Office estimating its scale to be at least £14.4bn a year.’
The Guardian, 14th January 2018
Source: www.theguardian.com
‘A solicitor who was the “go to” lawyer for a gang of criminals because he would not ask too many questions about where their money came from has been jailed for seven years.’
Legal Futures, 8th January 2019
Source: www.legalfutures.co.uk
‘The “multiplicity” of legal and accountancy regulators in the UK is not helping the fight against money laundering, the Financial Action Task Force (FATF) has complained.’
Legal Futures, 12th December 2018
Source: www.legalfutures.co.uk
‘Two of the UK’s largest bookmakers are facing compensation claims worth £1.5m over allegations that they allowed a gambling addict to bet hundreds of thousands of pounds in stolen cash.’
The Guardian, 10th December 2018
Source: www.theguardian.com
‘Ministers are halting a “gold-plated” visa scheme offering foreign investors a fast-track to settling in the UK, as part of a crackdown on financial crime.’
BBC News, 5th December 2018
Source: www.bbc.co.uk
‘Three online casino companies have been fined and one has been prevented from operating in the UK following a crackdown by the industry regulator. The Gambling Commission has fined three firms almost £14m for not having “effective safeguards” to prevent money laundering and harm to customers from gambling.’
BBC News, 29th November 2018
Source: www.bbc.co.uk
© Inner Temple Library 2019