32Red hit with £2m penalty for sole problem gambler – BBC News
‘Online gambling operator 32Red has been hit with a £2m penalty for failing to protect a problem gambler.’
BBC News, 20th June 2018
Source: www.bbc.co.uk
Category: money laundering
Jail for solicitor who forged documents and stole £800,000 of client money – Legal Futures
‘A dishonest solicitor who forged documents and stole clients’ mortgage payments after taking the reins of a law firm has been jailed for seven years and six months.’
Legal Futures, 11th June 2018
Source: www.legalfutures.co.uk
UK agency warns Brexit could lead to rise in organised crime – OUT-LAW.com
‘The UK body charged with fighting serious and organised crime has warned that the country’s impending withdrawal from the EU could lead to a rise in money laundering, bribery and other corporate offences.’
OUT-LAW.com, 14th May 2018
Source: www.out-law.com
Companies House lambasted for trumpeting conviction of fraud whistleblower Kevin Brewer – The Independent
‘Companies House has been lambasted for trumpeting the prosecution of a whistleblower who used Vince Cable’s name to expose a gaping loophole exploited by fraudsters.’
The Independent, 16th April 2018
Source: www.independent.co.uk
Richard Frost: 117mph double death crash driver jailed – BBC News
‘A motorist who hit speeds of 117mph before killing two pedestrians when he drove along the verge on the wrong side of the road has been jailed.’
BBC News, 26th March 2018
Source: www.bbc.co.uk
William Hill fined £6.2m by Gambling Commission for lax controls – BBC News
‘Betting firm William Hill has been hit with a £6.2m penalty package for breaching anti-money-laundering and social responsibility regulations. The Gambling Commission said the company did not do enough to ensure prevention measures were effective.’
BBC News, 20th February 2018
Source: www.bbc.co.uk
New UK property register to help curb money laundering – OUT-LAW.com
‘Businesses based outside of the UK will have to disclose details about their ultimate owners when buying property in the country, under plans to be taken forward by the UK government.’
OUT-LAW.com, 22nd January 2018
Source: www.out-law.com
Terry Adams pays back £750,000 from proceeds of crime – Daily Telegraph
‘One of London’s most notorious former crime bosses has paid back almost three quarters of a million pounds in ill gotten gains, after being warned he would go back to prison if he failed to pay.’
Daily Telegraph, 8th December 2017
Source: www.telegraph.co.uk
Bitcoin: UK and EU plan crackdown amid crime and tax evasion fears – The Guardian
‘The UK and other EU governments are planning a crackdown on bitcoin amid growing concerns that the digital currency is being used for money laundering and tax evasion.’
The Guardian, 4th December 2017
Source: www.theguardian.com
Number of young people acting as ‘money mules’ doubles – BBC News
‘The number of young people caught acting as “money mules” has doubled in the past four years, according to the UK’s fraud prevention service, Cifas.’
BBC News, 27th November 2017
Source: www.bbc.co.uk
Websites allowing illegal activity ‘complicit in crime’ – BBC News
‘Websites that do not prevent the sale of illegal goods are complicit in cyber-crime, a crime chief has said.’
BBC News, 23rd October 2017
Source: www.bbc.co.uk
Mastermind of Heathrow ‘Thomas Crown Affair’ £7m heist jailed – Daily Telegraph
‘The mastermind behind a £7 million heist reminiscent of the Thomas Crown Affair had criminal friends burgle an elderly lady’s £1 million home to drive down the price, a court has heard. Rafaqat Hussain, 41, was said to be “at the heart of the conspiracy” which saw two Loomis van drivers steal cash belonging to Credit Suisse from inside a British Airways cargo depot at Heathrow airport.’
Daily Telegraph, 19th October 2017
Source: www.telegraph.co.uk
Solicitor General’s speech at Cambridge Symposium on Economic Crime – Attorney General’s Office
‘The Solicitor General discusses preventing and controlling economic crime in the modern world.’
Attorney General’s Office, 4th September 2017
Source: www.gov.uk/ago
Lawfulness of search warrant and detention irrelevant to forfeiture of cash – UK Police Law Blog
‘In Campbell v Bromley Magistrates’ Court [2017] EWCA Civ 1161 the Court of Appeal has confirmed that that there are no “fruits of the forbidden tree” consequences when it comes to the forfeiture of cash seized in accordance with Chapter 3 of the Proceeds of Crime Act 2002 (“POCA”).’
UK Police Law Blog, 10th August 2017
Source: ukpolicelawblog.com
Launch of consultation on Criminal Finances Act Codes of Practice – Home Office
‘A 4-week consultation has been launched on the Codes of Practice that will help law enforcement officers confiscate valuable items and other assets acquired using the proceeds of crime as well as tackle the financing of terrorism.’
Home Office, 31st July 2017
Source: www.gov.uk
White collar crime prosecutions fall as offences rise – OUT-LAW.com
‘The number of white collar crime prosecutions in the UK fell by 12% between 2015 and 2016, despite a 4% increase in the number of reported offences.’
OUT-LAW.com, 28th July 2017
Source: www.out-law.com
Clearer rules needed in the UK to support customer authentication by video, says expert – OUT-LAW.com
‘New rules are needed in the UK to make it clearer that it is acceptable for banks to verify the identity of new customers using video technology.’
OUT-LAW.com, 4th July 2017
Source: www.out-law.com
Passed on Thursday, in force today – new AML regulations thrust on profession – Legal Futures
‘Law firm compliance officers and money laundering reporting officers have been scrambling to get to grips with the biggest shake-up in anti-money laundering (AML) rules in a decade, with the final regulations – which were only published on Thursday – coming into force today.’
Legal Futures, 26th June 2017
Source: www.legalfutures.co.uk
