HM Treasury announces call for evidence, to inform Review of Money Laundering Regulations 2007 – HM Treasury

Posted October 12th, 2009 in money laundering, news by sally

“HM Treasury has today published a call for evidence on the Money Laundering Regulations 2007 and of the UK’s anti-money laundering policies and procedures under them. The Call is designed to help inform a review of the Regulations, and look at how effective and proportionate the UK’s anti-money laundering rules are.”

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HM Treasury, 9th October 2009

Source: www.hm-treasury.gov.uk

Drugs money launderer hid £500,000 in washing machine – The Independent

Posted August 26th, 2009 in money laundering, sentencing by sally

“A crime boss who tried to launder more than £500,000 of drug money using a washing machine was jailed for four and a half years today.”

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The Independent, 25th August 2009

Source: www.independent.co.uk

Football is ‘vulnerable’ to money laundering, but no names named – The Guardian

Posted July 1st, 2009 in money laundering, news, sport, tax evasion by sally

“Today’s report by the Financial Action Task Force raises the spectre, in calm, plain language, that football is vulnerable to criminals, who might take over beloved local clubs or use the transfer system to launder dirty money or evade tax.”

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The Guardian, 1st July 2009

Source: www.guardian.co.uk

Man jailed for role in drug ring – BBC News

Posted June 30th, 2009 in drug trafficking, money laundering, news, sentencing by sally

“The first man to be extradited from Colombia to the UK has been jailed for five-and-a-half years for helping a drugs ring launder its huge profits.”

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BBC News, 29th June 2009

Source: www.bbc.co.uk

Man jailed over erectile dysfunction drugs – The Independent

Posted June 9th, 2009 in money laundering, news, sentencing by sally

“A former bankrupt businessman who funded a luxury lifestyle by selling millions of pounds worth of unlicensed Viagra-like drugs over the internet was jailed for two years yesterday.”

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The Independent, 9th June 2009

Source: www.independent.co.uk

Regina v Darwin (Anne) Regina v Darwin (John) – Times Law Reports

Posted April 1st, 2009 in appeals, fraud, law reports, money laundering, sentencing by sally

Regina v Darwin (Anne) Regina v Darwin (John)

Court of Appeal (Criminal Division)

“In sentencing for fraud, a judge was right to take into account the harm done to individuals who might not have lost financially but on whom the crime had had a devastating impact.”

The Times, 1st April 2009

Source: www.timesonline.co.uk

Mastermind of Britain’s biggest stolen car ‘ringing’ scam jailed – Daily Telegraph

Posted March 13th, 2009 in money laundering, news, sentencing, trade marks by sally

“The mastermind behind Britain’s biggest stolen car ‘ringing’ operation, worth more than £38 million, has been jailed for six-and-a-half years.”

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Daily Telegraph, 12th March 2009

Source: www.telegraph.co.uk

Drugs boats fraud woman sentenced – BBC News

Posted March 6th, 2009 in fraud, money laundering, news, sentencing by sally

“A mother-of-three, whose business made more than £20m from selling high speed boats to drugs cartels, has been given a two-year suspended prison sentence.”

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BBC News, 5th March 2009

Source: www.bbc.co.uk

FSA fines manager in anti-money laundering failure – The Times

Posted October 30th, 2008 in financial regulation, money laundering, news by sally

“The Financial Services Authority (FSA) has fined a senior manager of Sindicatum Holdings, the financial advisory and asset management firm, nearly £20,000 for failing to have adequate anti-money laundering controls in place.”

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The Times, 29th October 2008

Source: www.timesonline.co.uk

Regina v Mehta; Regina v Sharman; Regina v Reardon; Regina v Ratcliff – Times Law Reports

Posted October 3rd, 2008 in fraud, law reports, money laundering, proceeds of crime, sentencing by sally

Regina v Mehta; Regina v Sharman; Regina v Reardon; Regina v Ratcliff

Court of Appeal (Criminal Division)

“Money-launderers who offered a service to numerous criminals via bureaux de change or hawala banking were often as culpable as the criminals generating the money, if not more so, and often more culpable than those who handled the proceeds of a particular fraud.”

The Times, 3rd October 2008

Source: www.timesonline.co.uk

Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.

Canoeist wife launches appeal bid – BBC News

Posted August 13th, 2008 in appeals, fraud, money laundering, news by sally

“Anne Darwin, the wife of canoeist John Darwin, has lodged an appeal against her conviction and sentence for fraud and money laundering.”

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BBC News, 12th August 2008

Source: www.bbc.co.uk

Six jailed after laundering £15m – BBC News

Posted August 8th, 2008 in money laundering, news, sentencing by sally

“Six businessmen have been jailed for laundering more than £15m stolen from NatWest bank.”

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BBC News, 7th August 2008

Source: www.bbc.co.uk

Church conmen jailed for £3.2m swindle of faithful – The Times

Posted March 11th, 2008 in fraud, money laundering, news, sentencing by sally

“A gang of Seventh-Day Adventists who conned millions of pounds from fellow churchgoers to fund a life of wild extravagance have been jailed.”

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The Times, 11th March 2008

Source: www.timesonline.co.uk

Good intentions going up in smoke? – The Times

Posted January 29th, 2008 in money laundering, special report by sally

“It is only just over six weeks since the new regime came into force — but already cracks have begun to emerge in the regulations to clamp down on money laundering by fraudsters and terrorists. The regime is proving costly to implement and risks catching innocent people in its net. But is it proving its worth?”

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The Times, 29th January 2008

Source: www.timesonline.co.uk

Believers lost “lost £3million to Christian conmen” – The Times

Posted January 9th, 2008 in fraud, money laundering, news by sally

“A gang of Seventh-Day Adventists in London conned their fellow churchgoers into giving them millions of pounds to invest, which they then spent on luxury flats, holidays and cars, a court was told yesterday.”

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The Times, 9th January 2008

Source: www.timesonline.co.uk

Money Laundering Regulations – Guidance for the Bar – The Bar Council

Posted December 19th, 2007 in barristers, money laundering, news by sally

“The Money Laundering Regulations came into force in December 2007. New Guidance has been issued by the Bar Council.”

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The Bar Council, 18th December 2007
Source: www.barcouncil.org.uk

Corrupt lawyer to drug world is facing prison – The Times

Posted December 5th, 2007 in fraud, money laundering, news, perverting the course of justice, solicitors by sally

“A corrupt solicitor who was at the heart of a criminal network that made multimillion-pound profits from the heroin trade will be jailed today.”

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The Times, 5th December 2007

Source: www.timesonline.co.uk

New anti-laundering rules prove ineffective – The Lawyer

Posted September 4th, 2007 in money laundering, news by sally

“The move to a risk-based approach to anti-money laundering regulation has yielded little fruit, according to new research.”

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The Lawyer, 3rd September 2007

Source: www.thelawyer.com

When e-money providers must verify identity: new guidance – OUT-LAW.com

Posted August 29th, 2007 in electronic commerce, money laundering, news by sally

“The Joint Money Laundering Steering Group (JMLSG) has published draft amended guidance for electronic money. It covers products that are card-based as well as those that are entirely software-based.”

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OUT-LAW.com, 28th August 2007

Source: www.out-law.com

New money laundering rules will lead to more red tape, law firms warn – The Times

Posted July 27th, 2007 in money laundering, news by sally

“Regulations set to come into force in December will be costly and could lead to a drop in competitiveness, according to a survey.”

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The Times, 26th July 2007

Source: www.timesonline.co.uk