Last week, a former Goldman Sachs International analyst was found guilty of insider trading and fraud at Southwark Crown Court, in a case brought by the Financial Conduct Authority (FCA). Mohammed Zina worked at the bank between 2014 and 2017, joining the Conflicts Resolution Group in 2016. Through this role, he came into possession of […]
In our interconnected world, international lawyers play a crucial role in addressing cross-border challenges such as climate change and human rights abuses. Their expertise in navigating diverse cultures and intergovernmental relations positions them to create just and equitable solutions for a more harmonious international order. In this AIJA podcast, Charlotte Tregunna and fellow academic co-ordinators, […]
On Tuesday, a German court found a former Freshfields Bruckhaus Deringer partner guilty of aiding and abetting dividend tax fraud, in connection with the ‘cum-ex’ scandal. Former head of tax, Ulf Johannemann, was sentenced to three and a half years in prison for his role in the fraud, having assisted the now-defunct Maple Bank to […]
Under upcoming plans from the Prudential Regulation Authority, banks in the UK that self-report wrongdoing early could benefit from an “enhancement settlement discount”. The plans are to be fleshed out by the spring but, under the scheme, fines could be reduced by up to half. James Tyler was quoted in an article by Banking Risk […]
Having spent years looking with envy at the US, where ‘plea deals’ are commonly used, UK enforcement agencies finally got a similar weapon in their armoury in 2014, with the introduction of deferred prosecution agreements (DPAs). However, since the first one was approved in late 2015, only 13 DPAs have been concluded. The Law Society […]
Fraud now accounts for 40% of all crime and, in May, the government published its national fraud strategy – the latest official document attempting to address this epidemic. The ambition is for fraud to be reduced by 10% by December 2024 on 2019 levels, by “tackling fraudsters head on, protecting the British people’s hard-earned cash […]
According to recent research by financial claims management company Refundee, scams involving cryptocurrency are on the rise. Charlotte Tregunna spoke to City A.M. about the rise in crypto fraud, commenting that this was “inevitable”, since scams are prevalent in traditional finance. The types of scams invented by scammers are also increasingly imaginative, with new and […]
Last week, the Home Office tabled an amendment to the Economic Crime and Corporate Transparency Bill, setting out a failure to prevent fraud offence. According to the Home Office, this new offence is meant to “make it easier to prosecute a large organisation if an employee commits fraud for the organisation’s benefit” and “allow prosecutors […]
A few weeks ago, Eugene Shvidler, a billionaire who has been associated with Russian oligarch Roman Abramovich, launched the first legal challenge to reach the London courts to the UK’s Russian sanctions regime. Shvidler is arguing that the Foreign Office made “significant errors” in deciding to freeze his assets. He also challenges that he is […]
In February, three French NGOs, Friends of the Earth France, Notre Affaire à Tous and Oxfam France, launched proceedings in France against BNP Paribas, Europe’s largest bank, in connection with its financing of fossil fuel polluters and thus failing to comply with its obligations under the French corporate duty of vigilance law, which came into […]
