02 Feb 2022 Economic crime in the UK: What is going on? By Neill Blundell, Max Hobbs, Francis Bond There have been so many developments in the realm of “economic crime” in the last two weeks that it has been hard to keep up.To summarise...
11 Nov 2021 “Now is the time to get the house in order”: US Department of Justice prepares to launch corporate crime crackdown By Neill Blundell, Joe Gaffney The US Department of Justice (DoJ) is preparing for an imminent crackdown on corporate crime, warning companies that they must get their...
21 Oct 2021 UK Parliamentary Group seeks sanctions against corrupt global actors By Neill Blundell, Francis Bond The All-Party Parliamentary Group on Magnitsky Sanctions (“APPG”), co-chaired by MPs Sir Iain Duncan Smith and Chris Bryant, was formally...
20 Jul 2021 The verdict’s in: the SFO publishes its 2020–2021 Annual Report By Neill Blundell The Serious Fraud Office (SFO) has published its Annual Report and Accounts for 2020–2021 (the Report). The Report provides an overview...
01 Apr 2021 CPS announces landmark economic crime strategy, including new dedicated court By Neill Blundell, Adam Fieldgate The Crown Prosecution Service (CPS) has launched its first ever comprehensive strategy to combat economic crime. This announcement is...
26 Mar 2021 Hot streak: more enforcement action from the UK Gambling Commission for AML failures By Lorna Emson The UK Gambling Commission (UKGC) has announced a £6m fine against another gambling company as a result of social responsibility and...
18 Mar 2021 House edge: UK Gambling Commission issues another fine over money laundering failures By Lorna Emson, Adam Fieldgate The UK Gambling Commission has announced a £3.4m fine levied against In Touch Games Limited (In Touch) after uncovering a series of...
21 Jan 2021 Big fraud: FCA proposes regulation of tech giants in relation to financial scams By Neill Blundell, James Reid, Lorna Emson On Monday the Financial Conduct Authority (FCA) released its review of consumer investments data for 2020 (the Review). In the Review the...
14 Jan 2021 No expansion of the failure to prevent offence... for now By Neill Blundell, Max Hobbs FCA-regulated companies have been given a reprieve, as an amendment to the Financial Services Bill 2019–21 (FSB), which would have...
07 Jan 2021 Cleaning the laundry: HMRC issues record fines for anti-money laundering failures By Neill Blundell, Max Hobbs It has been revealed that last year HMRC imposed a record fine of £23,828,092 on a money services business for anti-money laundering...
10 Dec 2020 United States to pass historic anti-money laundering legislation, including first register of corporate beneficial ownership By Neill Blundell, Francis Bond The United States Congress is expected to pass the country’s most significant anti-money laundering legislation in decades this week,...
07 Dec 2020 The offence of misconduct in a public office to be reformed for first time since 1783 By Neill Blundell, Oli Bowley The Law Commission on Friday recommended reforms to modernise the UK’s “outdated and unclear” offence of misconduct in public office....
27 Nov 2020 Tis the season… for online fraud By Neill Blundell, Helen Harvey Bargain hunters are not the only ones who’ve been looking forward to the Black Friday sales… fraudsters have been getting ready too. The...
24 Nov 2020 Record number of money laundering reports submitted in the UK By Neill Blundell, Helen Harvey The 2020 Suspicious Activity Report (SAR) Annual Report was published on 19 November, reporting a record number of SARs. SARs must be...
06 Nov 2020 Corporate criminal liability: Law Commission to examine reform By Francis Bond, Neill Blundell The Law Commission will begin a review of the UK’s corporate criminal liability legislation, after the Government instructed the body to...
30 Oct 2020 Taking flight: The SFO secures its ninth DPA By Neill Blundell, Max Hobbs The Serious Fraud Office (SFO) has agreed its ninth deferred prosecution agreement (DPA), which has now received approval in the Crown...