On Wednesday 28 November 2018, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it had taken action against two Iranian individuals for their roles in a major cyberattack using ransomware known as “SamSam” that targeted over 200 known victims. Read more.
Sanjay Suri in conversation with Nick Vamos on the legal options available for Vijay Mallya and how soon he might be extradited. Watch the interview on CNN India here, or read more.
Anna Bradshaw is interviewed by MoneyLaundering.com on the increase in SAR filings relating to politically exposed persons (PEPs) and what this might mean for the frequency with which UK law enforcement may apply for Unidentified Wealth Orders (UWOs) going forward. Read more.
In KBR Inc, R (On the Application Of) v The Director of the Serious Fraud Office the High Court struck a “careful balance” between the SFO’s powers to compel the production of overseas material and a company’s “sufficient connection” to the UK. The introduction of Overseas Production Orders in 2019 is likely to sweep this […]
Nick Vamos, the former Head of Extradition at the CPS and now a partner at specialist business crime law firm Peters & Peters, said the decision was a coup for India. “This is a hugely significant judgment for the Indian Government,” he said. “It is only the second time that a UK court has ordered […]
Maria Cronin, a partner at law firm Peters & Peters, commented that The Director of the SFO will need to carefully consider what went wrong, why the case was ever prosecuted, and how the agency addresses these serious failings in the future. Read more.
Maria Cronin, financial crime partner at Peters & Peters, described the judge’s verdict on the SFO’s case as ‘extremely concerning’. She added: ‘The fact that this case was thrown out on the basis that there was no evidence against the defendants, raises serious questions about how and why the SFO came to prosecute this case […]
“It’s long been known that UK companies are used to facilitate these types of money-laundering and corrupt activities, because it gives them a veil of reputability,” said Hannah Laming, an investigative lawyer at Peters & Peters who specialises in corruption. Read more.
The recent prospect of a Russian presidency of Interpol brought about urgent international debate, albeit late in the day, about the institutional integrity of the organization. It is paramount that the discussion continues. Interpol is an organisation with far-reaching effects on the fundamental freedoms of individuals, so its opaque dealings, lack of external judicial oversight […]
Anna Bradshaw comments on reports that the European Commission has received just five applications for authorisations under the EU blocking statute, after its extension in the wake of the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) on Iran. Read more.
