‘A leading South-West law firm has been fined £101,357 for failing to act over money laundering red flags on three property transactions, two of which may have involved a sanctioned entity.’
Legal Futures, 27th November 2023
Source: www.legalfutures.co.uk
‘The Economic Crime and Corporate Transparency Bill received Royal Assent on 26 October 2023. An initial Economic Crime (Transparency and Enforcement) Act 2022 was passed at speed in the wake of the invasion of Ukraine to deter Russian oligarchs from laundering money in the London property market. This 2023 Act follows on as part of a welcome Parliamentary focus on how economic crime can impact the international reputation and stability of the UK as well as its cost to the Exchequer.’
Guildhall Chambers, 31st October 2023
Source: www.guildhallchambers.co.uk
‘The Economic Crime and Corporate Transparency Act received Royal Assent on Thursday 26 October.’
Home Office, 26th October 2023
Source: www.gov.uk
‘A money laundering case involving the sale of a £1.73million house has thrown a rare spotlight on the operations of the Chinese underground banking system.’
Law Society’s Gazette, 7th September 2023
Source: www.lawgazette.co.uk
‘A German court has refused to extradite to the UK a man accused of drug trafficking because of concerns about prison conditions in Britain.’
The Guardian, 5th September 2023
Source: www.theguardian.com
‘Eleven members of a drugs gang have been jailed for a multi-million pound cocaine and money laundering operation.’
BBC News, 30th July 2023
Source: www.bbc.co.uk
‘A drugs gang have been jailed for a multimillion pound operation which laundered profits in cryptocurrency.’
BBC News, 27th July 2023
Source: www.bbc.co.uk
‘A fraudster who sought to exploit the taxpayer through a COVID-19 support scheme has been sentenced today (3 July 2023).’
Crown Prosecution Service, 3rd July 2023
Source: www.cps.gov.uk
‘Plans have been submitted to modernise the identification doctrine, a legal principle which can hold corporations criminally liable for an offence.’
Home Office, 15th June 2023
Source: www.gov.uk
‘The former director of a finance company, based in the City of London, has been imprisoned today (9 June 2023) of being responsible for an around £70m investment fraud, which stole money from members of the public.’
Crown Prosecution Service, 9th June 2023
Source: www.cps.gov.uk
‘Five members of an illegal streaming gang have been jailed for a total of more than 30 years for offering cheap subscriptions for Premier League games to tens of thousands of customers.’
The Guardian, 30th May 2023
Source: www.theguardian.com
‘The High Court has dismissed an application to set aside a sanctions designation issued by the Secretary of State for Foreign, Commonwealth and Development Affairs. This was the first challenge to be brought under section 38 of the Sanctions and Anti-Money Laundering Act 2018 (“SAMLA”).’
Blackstone Chambers, 15th March 2023
Source: www.blackstonechambers.com
‘With the financial sanctions imposed against Russia has been widening and deepening over the past year, more and more businesses and investors have paid attention to the regulatory obligations for compliance.’
No. 5 Chambers, 8th March 2023
Source: www.no5.com
‘Three gambling firms owned by William Hill are to pay penalties of £19.2m for failing to protect consumers and weak anti-money laundering controls.’
BBC News, 28th March 2023
Source: www.bbc.co.uk
‘A travel agent who stole money from friends, family and hundreds of members of the public who bought holidays from her, has today been jailed.’
Crown Prosecution Service, 3rd February 2023
Source: www.cps.gov.uk
‘The number of law firms being investigated for possible misconduct relating to strategic lawsuits against public participation (SLAPPs) has doubled since the summer to 40, the chief executive of the Solicitors Regulation Authority (SRA) revealed yesterday.’
Legal Futures, 25th January 2023
Source: www.legalfutures.co.uk
‘The Solicitors Regulation Authority has fined a firm a record £20,000 for failing to have anti-money laundering training and systems in place.’
Law Society’s Gazette, 18th January 2023
Source: www.lawgazette.co.uk
© Inner Temple Library 2023