Tom Devlin, partner at Stephen Platt and Associates LLP, unpicks recent anti-money laundering scandals in the finance industry.
Webinar – Permanent Subcommittee on Investigations Retrospective – Money Laundering and Foreign Corruption Using the Case History of Riggs Bank
In the final part of an exclusive series of four webinars Elise Bean, former Staff Director and Chief Counsel of the U.S. Senate Permanent Subcommittee on Investigations, will explore the case of Riggs Bank.
The Malaysian sovereign wealth fund, 1 Malaysia Development Bhd (“1MDB”), has been the subject of extensive press coverage and regulatory
Philip will discuss his work on ethical issues in tax, a topic on which he recently ran an elective for students on the Oxford MSc course in Taxation.
Exclusive webinar interview with Richard Elias of Elias Gutzler Spicer LLC, the firm which has filed a case against HSBC Holdings, under the Anti-Terrorism Act, on behalf of families of several American citizens killed by Mexican cartels.
Webinar – Permanent Subcommittee on Investigations Retrospective – Correspondent Banking: A Gateway for Money Laundering
In an exclusive series of four webinars Elise Bean, former Staff Director and Chief Counsel of the U.S. Senate Permanent
This article first appeared on LinkedIn and is republished here with the author's permission. I admit it, several of my friends launder money, and yours do to. The four cases below show just how easy it ...
This article was written by Natasha Reurts for the Bright Line Law Portal, and is republished here with BLL's permission. In March of this year, the UK government announced the introduction of a new anti-money laundering ...
As regulatory compliance initiatives move toward utilizing machine learning and artificial intelligence (AI), what effect might the increased efficacy of AML programs have on developing nations and small financial players without large compliance budgets? More ...
We know there are tax havens. We just can’t agree on where they are. Although many countries recognise that major corporations divert tax revenue—there’s a reason, after all, why US multinationals hold more than $2 trillion ...
The UK’s Financial Conduct Authority (“FCA”) recently published the final version of guidance on how financial services firms should treat politically exposed customers in order to meet AML obligations. The guidance applies to all firms ...
As traditional financial institutions have undertaken de-risking efforts in recent years, other avenues of lending and banking have emerged as a necessity for various regions to maintain financial freedom. One of those growing avenues is peer-to-peer lending, also known as microlending.
Put very simply – and I am sure a lawyer or asset recovery specialist could elaborate enormously – when decisions are being made in sentencing and confiscation hearings, what matters is not the amount of money the criminal originally stole or made illegally, but what benefit he has accrued from that money.
The SARs regime as it currently operates in the UK is barely fit for purpose. This is not a controversial point. The number of SARs filed each year is ballooning: in 2014-15, for example, the National Crime Agency received more than 380,000 SARs, an 8% increase on the previous year.
In a concerning development, the Financial Times reported yesterday that according to official statistics, prosecutions for financial crime in the UK have fallen 26% over the last five years, from 11,261 prosecutions in 2011 to 8,304 in 2016. Over the same period, the number of reported offences has risen 350%, from 142,991 to 641,539.