‘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.’
Home Office, 27th April 2017
Source: www.gov.uk/home-office
‘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.’
Legal Futures, 20th April 2017
Source: www.legalfutures.co.uk
‘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.’
Legal Futures, 19th April 2017
Source: www.legalfutures.co.uk
‘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.’
The Guardian, 17th April 2017
Source: www.guardian.co.uk
‘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.’
Daily Telegraph, 4th April 2017
Source: www.telegraph.co.uk
‘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.’
Law Society’s Gazette, 17th March 2017
Source: www.lawgazette.co.uk
‘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.’
Legal Futures, 17th February 2017
Source: www.legalfutures.co.uk
‘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.’
The Guardian, 2nd February 2017
Source: www.guardian.co.uk
‘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.’
BBC News, 30th January 2017
Source: www.bbc.co.uk
‘New laws will be considered as part of a crackdown on corporate economic crime, ministers announced today.’
Ministry of Justice, 13th January 2017
Source: www.gov.uk/government/organisations/ministry-of-justice
‘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.’
Law Society’s Gazette, 13th January 2017
Source: www.lawgazette.co.uk
‘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.’
The Guardian, 15th January 2017
Source: www.guardian.co.uk
‘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.’
The Guardian, 6th January 2017
Source: www.guardian.co.uk
‘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.’
The Guardian, 4th December 2016
Source: www.guardian.co.uk
‘Home Secretary Amber Rudd gave a speech on economic crime at the Financial Conduct Authority annual crime conference on 10 November 2016.’
Home Office, 14th November 2016
Source: www.gov.uk/home-office
‘A couple who ran a diamond trading business have been jailed for laundering about £50m for organised crime gangs in less than two years.’
The Guardian, 28th October 2016
Source: www.guardian.co.uk
‘New legislation to tackle money laundering and corruption, recover the proceeds of crime and counter terrorist financing was published today.’
Home Office, 13th October 2016
Source: www.gov.uk/home-office
‘The head of a fraud ring has been sentenced to 11 years in prison for his part in a £113m scam, which funded purchases including a fleet of customised Porsches and shopping sprees at Harrods.’
The Guardian, 21st September 2016
Source: www.guardian.co.uk
‘Company bosses could be prosecuted for failing to stop their staff committing fraud under new laws being considered by ministers.’
BBC News, 12th September 2016
Source: www.bbc.co.uk
‘After the shock waves felt as a result of the Brexit vote, how should companies deal with corporate governance and criminal risk issues? What should companies be monitoring as they await changes that will take place once the Brexit Article 50 trigger is pulled?’
Halsbury’s Law Exchange, 9th August 2016
Source: www.halsburyslawexchange.co.uk
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