“Massive memory test” preventing Bar students from understanding ethical values – Legal Futures

‘Bar students are struggling to understand ethical values because of the “massive memory test” awaiting them in the examination room, a senior lecturer has claimed.’

Full Story

Legal Futures, 22nd June 2017

Source: www.legalfutures.co.uk

BSB publishes consultation on new declaration rules for barristers – Bar Standards Board

Posted June 14th, 2017 in barristers, money laundering, news, press releases, remuneration, standards by tracey

‘The Bar Standards Board (BSB) has today published a consultation on a new set of proposals to require barristers to declare a range of information about their practice to the regulator every year when applying for their practising certificate. This also includes new and returning barristers.’

Full Story

Bar Standards Board, 2th June 2017

Source: www.barstandardsboard.org.uk

Rise in anti money laundering inquiries poses challenge for banks, says expert – OUT-LAW.com

‘Requests from foreign authorities for the UK’s assistance in anti money laundering (AML) investigations rose last year to record levels.’

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OUT-LAW.com, 12th June 2017

Source: www.out-law.com

Criminal Finances Bill receives Royal Assent – Home Office

‘The Criminal Finances Act 2017 will give law enforcement agencies and partners, further capabilities and powers to recover the proceeds of crime, tackle money laundering, tax evasion and corruption, and combat the financing of terrorism.’

Full press release

Home Office, 27th April 2017

Source: www.gov.uk/home-office

SRA attacks “disproportionate and unnecessary” money laundering regulations – Legal Futures

‘New anti-money laundering (AML) regulations planned by the Treasury would impose “disproportionate and unnecessary” burdens on law firms, the Solicitors Regulation Authority (SRA) has warned.’

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Legal Futures, 20th April 2017

Source: www.legalfutures.co.uk

Tribunal lays out Clyde & Co’s “glaring” failures – Legal Futures

‘The failures which led to a record fine for Clyde & Co were “particularly glaring” as it was “a large and, previously, reputable firm”, the Solicitors Disciplinary Tribunal (SDT) has declared in approving the sanction.’

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Legal Futures, 19th April 2017

Source: www.legalfutures.co.uk

Call for fundraising pages to be regulated amid fraud concerns – The Guardian

Posted April 18th, 2017 in charities, fraud, internet, money laundering, news by sally

‘It has become a familiar moment in the aftermath of any catastrophe – the appearance of a slew of online fundraising pages designed to funnel donations for the traumatised, injured and bereaved.’

Full story

The Guardian, 17th April 2017

Source: www.guardian.co.uk

What are the six types of cybercriminals identified by BAE? – Daily Telegraph

Posted April 4th, 2017 in computer crime, crime, fraud, money laundering, news by sally

‘Defence group BAE Systems faces “serious and persistent” cyber attacks twice a week from hackers trying to steal the defence giant’s secrets. Here are the six types of cybercriminals identified by BAE.’

Full story

Daily Telegraph, 4th April 2017

Source: www.telegraph.co.uk

New watchdog to oversee profession’s anti-money laundering regime – Law Society’s Gazette

Posted March 17th, 2017 in money laundering, news, solicitors by tracey

‘The Treasury is to open a new front in the fight against money laundering by creating a watchdog that will tackle potential weaknesses in the supervision of lawyers and other professionals.’

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Law Society’s Gazette, 17th March 2017

Source: www.lawgazette.co.uk

Law firm insurer fails in High Court bid to recover property fraud losses from solicitor – Legal Futures

Posted February 17th, 2017 in fraud, insurance, money laundering, news, solicitors by sally

‘A highly experienced solicitor who breached the Money Laundering Regulations 2007 in a property transaction that led to a £500,000 fraud did not act dishonestly, the High Court has ruled.’

Full story

Legal Futures, 17th February 2017

Source: www.legalfutures.co.uk

HBOS manager and other City financiers jailed over £245m loans scam – The Guardian

‘A group of bankers who ran an “utterly corrupt scheme” that left hundreds of small business owners “cheated, defeated and penniless” have been sentenced to almost 50 years in jail.’

Full story

The Guardian, 2nd February 2017

Source: www.guardian.co.uk

Former HBOS manager found guilty of corruption and fraud – BBC News

Posted January 31st, 2017 in banking, corruption, fraud, money laundering, news by sally

‘Six people, including two former HBOS bankers, have been found guilty of bribery and fraud that cost the bank’s business customers and shareholders hundreds of millions of pounds.’

Full story

BBC News, 30th January 2017

Source: www.bbc.co.uk

New crackdown on corporate economic crime – Ministry of Justice

Posted January 17th, 2017 in consultations, false accounting, fraud, money laundering, press releases by tracey

‘New laws will be considered as part of a crackdown on corporate economic crime, ministers announced today.’

Full press release

Ministry of Justice, 13th January 2017

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

Lawyers divided on new white-collar crime offences – Law Society’s Gazette

‘US-style ‘vicarious liability’ and new ‘failure to prevent’ offences are under consideration in long-awaited government proposals to reform the law on corporate criminal liability published today. Initial reaction from corporate crime specialists was divided, with some lawyers seeing the proposals as a climb-down while others described them as a new burden on business.’

Full story

Law Society’s Gazette, 13th January 2017

Source: www.lawgazette.co.uk

Bookmakers face losing their licence and huge fines over problem gambling The Guardian

Posted January 16th, 2017 in fines, gambling, licensing, money laundering, news, regulations, sanctions by sally

‘Gambling firms that fail to tackle problem gambling and money laundering face heftier fines and a higher risk of losing their operating licence under a tougher regime to be unveiled by the industry’s regulator.’

Full story

The Guardian, 15th January 2017

Source: www.guardian.co.uk

Three men jailed over light aircraft drop of £2.5m of cocaine in Kent – The Guardian

Posted January 9th, 2017 in drug trafficking, money laundering, national crime agency, news, sentencing by sally

‘Three men have been jailed for smuggling cocaine worth £2.5m into Britain and dropping it from a light aircraft on the day of the EU referendum.’

Full story

The Guardian, 6th January 2017

Source: www.guardian.co.uk

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

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

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

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