20 May, 2022 The FCA unveils new reporting platform for sanctions breaches By Francis Bond Georgia O'Connor The Financial Conduct Authority (FCA) has launched a new financial sanctions evasion reporting platform for regulated entities, in a bid...
24 Nov, 2020 Record number of money laundering reports submitted in the UK By Helen Harvey The 2020 Suspicious Activity Report (SAR) Annual Report was published on 19 November, reporting a record number of SARs. SARs must be...
23 Jul, 2020 UK to invest £100m in stronger AML checks through tax on banks By Francis Bond The UK is set to go ahead with a £100m investment in improving anti-money laundering systems, funded by a “levy” on financial...
19 Jun, 2020 U-Double-No: the NCA has been denied the chance to appeal their first UWO defeat By Max Hobbs In April this year, we commented on the first setback by the National Crime Agency (NCA) in their use of unexplained wealth orders...
09 Apr, 2020 UW No – the NCA’s latest UWOs are dismissed in the High Court By Max Hobbs The National Crime Agency (NCA) has suffered its first major setback in the use of Unexplained Wealth Orders (UWOs), as its attempt to...
06 Feb, 2020 Explain yourself: the Court of Appeal rejects the challenge to the first UWO By Max Hobbs The Court of Appeal has dismissed the appeal against the first Unexplained Wealth Order (UWO) issued in the UK, potentially paving the...