Earlier this week, President Donald Trump announced his decision to suspend enforcement of the Foreign Corrupt Practices Act against U.S. companies on the basis that it was prohibiting them “from engaging in practices common among international competitors”. This is a major development in international white collar crime and anti-bribery enforcement and is a clear steer […]
The death of technology tycoon Mike Lynch, whose yacht sank off the coast of Sicily last week, has triggered calls by a some UK lawmakers to abolish Britain’s extradition agreement with the US amid proposals that UK citizens should be prosecuted at home. The calls come from Conservative MP David Davis and former Tory MP […]
Earlier this month, far-right rallies took place up and down the country, sparking concerns about rioting and street violence. Tommy Robinson, the far-right founder of the English Defence League, even promoted one such event in Glasgow. Robinson, whose real name is Stephen Yaxley-Lennon, left the country at the end of July, but he could face […]
In the first action of its kind, earlier this week, the National Crime Agency (NCA) secured the forfeiture of sanctioned funds under the Proceeds of Crime Act. The NCA had argued that the money, worth £780,000, was held for the benefit of Russian oligarch Petr Aven despite not being in his name. The money had […]
Last week, the Financial Conduct Authority (FCA) fined CB Payments Limited (CBPL), the UK arm of Coinbase, about £3 million ($4.5 million) for repeatedly breaching a requirement that prevented it from offering services to high-risk customers. According to the FCA, CBPL does not undertake cryptoasset transactions for customers, but acts as a gateway to trade […]
Since Russia invaded Ukraine two years ago, the UK, US, EU and other jurisdictions have imposed a plethora of sanctions on Russia, including on business figures who are believed to have links with the Kremlin. In the UK, a designated person can challenge their designation, first to the minister who made the designation and, if […]
According to the Office of National Statistics, fraud accounts for 40% of crime committed against individuals in England and Wales, making it the most common type of crime. If nothing is done, this figure is likely to increase. The Serious Fraud Office (SFO) is responsible for addressing high-level fraud and related offences. However, notoriously lacking […]
Yesterday, after having agreed a plea deal with US authorities, Julian Assange left a US court in Saipan, in the Mariana Islands, a free man. This latest development brings to an end this long-running saga, including 13 years of self-imposed confinement and detention in a UK prison for the WikiLeaks founder. Nick Vamos, who has […]
The Financial Conduct Authority (FCA), working with the Metropolitan Police Service, conducted and operation to arrest two individuals suspected of running an illegal cryptoasset exchange. The regulator said that more than £1 billion of unregistered cryptoassets are believed to have been bought and sold through this business. During searches at two London properties, the police […]
The Financial Times discusses in this article how the pay for financial crime prosecutors in the UK is low in comparison to their private sector counterparts, making it less desirable for lawyers in the private sector to consider moving unless the public sector can demonstrate that there is non-monetary value to be gained. This […]
