2019 was a big year for cryptocurrencies and their ilk. Cryptocurrency security firm CipherTrace recently reported that crypto-criminals stole over $4.26bn in the first half of 2019 alone. This is unsurprising given some of the high-profile scandals that have come to light during the year. One of the highest profile scams of 2019 that has […]
A London Court has upheld the ruling that the UK police force were in breach of human rights and data-protection laws when deploying facial recognition technology. The Court of Appeal ruled that the South Wales police force did not take the necessary steps to ensure that the software program did not have an unacceptable bias […]
Emma Ruane (Of Counsel) and Philip Gardner (Associate) have co-authored an article in ThoughtLeaders FIRE Magazine regarding the recent judgments of Mr Justice Freedman in Les Ambassadeurs Club Limited –v- Sheikh Salah Hamdan Albluewi [2020] EWHC 1313 and 1368 (QB). The article summarises the important guidance that the judgments provide regarding dissipation, material non-disclosure and […]
Partner Anna Bradshaw comments on the causes of the increases in the fines imposed for anti-money laundering failures during the first half of this year, in excess of the total imposed for the whole of 2019. She agrees that these include a lack of resourcing and system upgrades. “This would be consistent with our experience […]
Andy Warhol famously said that: “making money is art…good business is the best art.” In the context of the current art market, his words have never resonated with more truth. The artwork trade is particularly lucrative, so much so that in 2018, the global art market was valued at approximately $67.4 billion. But with so […]
Global banks in Hong Kong brace for possible fallout from new US-China tensions, S&P Global Market Intelligence reports. Partner Anna Bradshaw explains that the challenge for banks is that they will need to find a way to satisfy both U.S. and Chinese authorities. “The banks are caught between two hugely powerful nations and this situation […]
In 2016, the government announced that hundreds of UK properties, suspected of belonging to corrupt individuals, would be seized by enforcement agencies under a tough new tool : Unexplained Wealth Orders (UWOs). The orders were designed to tackle London’s reputation as a haven for dirty money, shinning a light on anonymous ultimate beneficial owners, and […]
The Fraud Advisory Panel has recently published a detailed helpsheet in conjunction with Associate Kerri McGuigan on the Parallel Proceedings process. This helpsheet explores the key aspects to take into consideration when pursuing parallel proceedings. Read more
In a CNS News report on calls by Greece for EU sanctions to be imposed on Turkey in connection with gas drilling in the Aegean, Anna is made reference to the EU sanctions framework already in place for imposing sanctions on Turkish individuals and entities but pointed out that imposing sanctions would require unanimity among […]
Speaking to Thomson Reuters Regulatory Intelligence on the long-awaited publication of the Russia report by the Parliamentary Intelligence and Security Committee, Partner Anna Bradshaw suggested that the Committee’s findings could lead to calls for tougher sanctions to be imposed by the UK, following the approach adopted by the United States. Read more
