Apr 01, 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...
Mar 26, 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...
Mar 18, 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...
Jan 11, 2021 Green shoots: recent developments in the legal cannabis industry By Neill Blundell Max Hobbs Investing legally in the cannabis industry has troubled many UK investors and investment managers over the last couple of years. This is...
Dec 21, 2020 The Unexplained Wealth Order reigns Supreme: the Supreme Court upholds the first ever UWO By Neill Blundell Max Hobbs The UK Supreme Court has dismissed the final appeal made against the first ever Unexplained Wealth Order (UWO) obtained by the National...
Sep 24, 2020 SFO uses its first listed asset order By Neill Blundell James Reid On Wednesday the Serious Fraud Office (SFO) announced that it had used its first listed asset order (LAO) to seize £500,000 of jewellery,...
Sep 18, 2020 A budding industry: the FCA considers the listing of cannabis companies By Neill Blundell Max Hobbs The Financial Conduct Authority (FCA) has published a short but welcome statement setting out its position on the listing of...
Jun 30, 2020 More time needed: SFO granted another extension to seize London properties By Neill Blundell James Reid Last Friday the Serious Fraud Office (SFO) was granted a further extension in its attempt to seize UK properties and cash worth...
Apr 03, 2020 All-in: UK Gambling Commission issues record fine over money laundering failures By Neill Blundell James Reid The UK Gambling Commission has issued a record £13m fine against Caesars Entertainment (Caesars) for a series of money laundering and...
Nov 21, 2019 The NCA successfully resists the first appeal against one of its Account Forfeiture Orders By Neill Blundell Max Hobbs On 8 November 2019 the National Crime Agency (NCA) successfully defended its first contested application for Account Forfeiture Orders...
Aug 15, 2019 A deep freeze: the NCA obtains account freezing orders over accounts worth more than £100m By Neill Blundell Max Hobbs The National Crime Agency (NCA) announced on 14 August 2019 that it has obtained account freezing orders (AFOs) over eight bank accounts...
Jun 19, 2019 The Law Commission reports on the SAR regime… but the position on cannabis investments remains unclear By Neill Blundell Max Hobbs The Law Commission published a 219-page Report on the Suspicious Activity Report (SAR) regime on Tuesday 18 June. SARs must be submitted...
Mar 20, 2019 The big freeze: now the SFO uses its first account freezing order to seize funds By Neill Blundell Max Hobbs Last Friday the Serious Fraud Office (SFO) announced that it had used its first account freezing order (AFO) to forfeit £1,522,756.72...
Feb 08, 2019 Show me the money: the NCA uses its new account freezing orders to seize significant criminal funds By Neill Blundell Max Hobbs The National Crime Agency (NCA) announced yesterday that it has used its new powers of account freezing orders (AFOs) to make an...
Jan 28, 2019 Turning over a new leaf: Cannabis, UK investors and the Proceeds of Crime Act 2002 By Neill Blundell Francis Bond Max Hobbs The Macfarlanes Corporate Crime & Investigations team has published an article considering the recent legalisation of cannabis in Canada...
Jan 16, 2019 The Lords of the Ring: the NCA flexes its statutory muscles to seize assets By Neill Blundell Max Hobbs I commented in November on the National Crime Agency (NCA) seizing some £400,000 worth of jewellery from Christie's auction house in...