Under the Proceeds of Crime Act 2002, the assets belonging to people suspected of benefitting from crime can be restrained, even before their owners have been charged. The aim is to preserve assets for confiscation, a process designed to deprive a convicted defendant of the benefit of their criminal conduct. Most of those assets are […]
Last month, an ex-takeaway worker was convicted in laundering the proceeds thanks to which she had gone from living above a Chinese restaurant to a multi-million pound house in an affluent neighbourhood in North London. After a two-month trial, Jian Wen was found guilty at Southwark Crown Court of an offence relating to money laundering. […]
Being centuries old, the jury system is a well-known and integral part of the adversarial system in England and Wales. In this article for LexisNexis Corporate Crime analysis, Liam Lane considers how the jury system works in our country, its pros and cons, what could be done to improve it, the alternative systems in other […]
Can the Competition Markets Authority (CMA) compel overseas companies to give it information? This was the question at the centre of the recent case of Competition and Markets Authority v Rex on the application of Volkswagen Aktiengesellschaft. Here, the Court of Appeal allowed the CMA’s appeal against a decision that had denied it the ability […]
Earlier this month, and after a six-week trial, the High Court ruled that Australian computer scientist Dr Crag Wright did not create bitcoin and neither did he author the Bitcoin White Paper. Even for an industry long accustomed to controversy and to hitting the headlines, the verdict can be seen as a watershed moment. Wright […]
Earlier this month a criminal trial started that will be of great interest to tax authorities all over the world. The trial involves British fund trader Sanjay Shah, who has been charged along with eight other British and US citizens, over so-called ‘cum-ex’ schemes. Denmark is alleging that the fraud cost it 12.7 billion Danish […]
Anna Bradshaw was interviewed on Sky News about whether British carmakers are getting around sanctions on Russia. Anna spoke about how the industry “has to be more aware of what red flags to look out for and what to do when they become aware of something that potentially looks like circumvention.”
Following the Russian invasion of Ukraine in February 2022, the UK government imposed sanctions on persons believed to benefit from or support the Russian government. Mr Makarov was designated by the UK in September 2022, allegedly because he was involved in supporting the government of Russia through carrying on business in the Russian energy sector. […]
The High Court has this week found in favour of Peters & Peters’ client Mrs Nebahat İşbilen in committal proceedings initiated against her one-time personal financier and trusted adviser, Mr Selman Turk. As a result, Mr Turk has been sentenced to 12 months’ imprisonment. This is the latest development in long-running fraud proceedings brought by […]
Last month, Spotlight on Corruption published a review showing that senior executives at large British companies who engage in economic crime, financial wrongdoing or regulatory breaches almost never face any consequences. In this analysis for LexisNexis Corporate Crime expert, Julia Steinhardt reviews the key findings of the report and what she considers to be the […]
