Turkey is a NATO member, an EU candidate country, and a US ally against terrorism in the Middle East, but it has also been described as a “hub for Russia sanctions violations”. The country has not joined its fellow NATO members in imposing sanctions on Russia, and, since the start of the invasion of Ukraine, […]
Decades may have gone by, but the phone hacking scandals of the mid-2000s continue to busy the High Court. Notwithstanding the stale nature of the underlying allegations, to this day the high-quality legal teams and careful judicial attention sustain judgments with importance far beyond the parties, with notable lessons flowing. The recent decision of Fancourt […]
At the end of the summer, work got under way to draft the core principles for a treaty to create an International Anti-Corruption Court (IACC). This is the latest development in the global momentum to establish a specialised international corruption court. However, in view of the fact that an International Criminal Court (ICC) already exists, […]
In the past few months, the media have shone the spotlight on the issue of banking politically exposed persons (PEPs), in addition to the UK introducing tighter regulation to address the issue of PEP bank account closures and reviewing financial institutions’ compliance with existing rules. In this article for eprivateclient, Diana Czugler discusses who is […]
In this LexisNexis Corporate Crime webinar, Diana Czugler and Charlotte Evans discuss a range of topics, including: – Criminal offences– Reporting and other regulatory compliance obligations under UK’s main framework that is the Proceeds of Crime Act 2002– Money Laundering, Transfer of Funds and Terrorist Financing Regulations 2017 as a mandate– Brief look at recent […]
The Supreme Court has today given judgment in The Republic of Mozambique (acting through its Attorney General) (Appellant) v Privinvest Shipbuilding SAL (Holding) and Others (Respondents) [2023] UKSC 32. In a judgment given by Lord Hodge, Deputy President of the Supreme Court, with whom Lord Lloyd-Jones, Lord Hamblen, Lord Leggatt and Lord Richards agree, the […]
In February 2022, the Supreme Court unanimously held in the landmark judgment in ZXC v Bloomberg [2022] UKSC 5 that an individual under criminal investigation “has, prior to being charged, a reasonable expectation of privacy in respect of information relating to that investigation”.1 The court acknowledged the longstanding and repeated “concerns as to the negative […]
He may have served his time, but in an attempt to clear his name, former rates trader Tom Hayes, announced last month that his conviction for manipulating the Libor benchmark rate was being referred to the UK’s Criminal Cases Review Commission. All those accused of Libor rigging in the US, including Hayes, have been acquitted […]
Earlier this week, the Financial Conduct Authority (FCA) set out the issues it will consider as part of a review of how financial services firms treat politically exposed persons (PEPs). The review, which is to report by the end of June 2024, will look at the arrangements that firms have in place with PEPS based […]
Last month, judgment was given in Eugene Shvidler v Secretary of State for Foreign, Commonwealth and Development Affairs, the first case to come before the English courts challenging the designation of a person under the Sanctions and Anti-Money Laundering Act 2018. In this article for LexisNexis Corporate Crime expert, Kerri McGuigan and Liam Lane (who […]
