Michael O’Kane will be speaking on the RUSI (Royal United Services Institute) Financial Crime Insights podcast on 8th of October 2021. This episode will explore the future trajectory of abuse of the Financial Action Task Force’s (FATF) standards. Listen here.
The edgy relationship between China and the United States and other liberal leaning democracies is undoubtedly the principal drama of this part of the 21st century. In what is an existential, values-based struggle, the main protagonists have locked horns in the sensitive spaces where economic and national security meet. The NATO summit in June 2021 […]
A system designed to tackle the dirty money of drug lords and terrorists, the use of which has been endorsed and encouraged by international bodies and leading nations, has become a favoured tool of state persecution. Those that designed the system must take more muscular responsibility. Introduction Over the last 50 years, from the advent […]
Meng Wanzhou’s extradition hearing in Vancouver has finally come to an end, following more than two years of proceedings which have triggered geopolitical tensions between the U.S, China and Canada. In the next few months, Associate Chief Justice of the British Columbia Supreme Court Heather Holmes will decide whether Meng should be handed over to […]
On 15 July, the Competition and Markets Authority (CMA) found that certain pharmaceutical companies had engaged in conduct, which saw a 10,000% increase in the price of hydrocortisone tablets. Then, on 29 July, the CMA issued an infringement decision in respect of liothyronine tablets, the cost of which went up by 6,000%. These are not […]
The European Banking Authority is consulting on proposed guidelines for anti-money laundering (AML) and counter-terrorist financing (CTF) compliance officers. Anna Bradshaw speaks to Thomson Reuters Regulatory Intelligence on the motivations driving the proposals and how they fit into the EU’s efforts to strengthen the wider AML/CTF framework: “The level of detail in the proposed guidelines […]
This summer marked 10 years since the UK Bribery Act 2010 came into force. A significant power granted under the law was the corporate offence of ‘failure to prevent’ corruption or bribery, which can make businesses criminally responsible for the actions of their employees and agents unless they can show adequate preventative measures are in […]
Damien Hirst unveiled The Currency earlier this month — a dual collection of 10,000 A4 paper “spot paintings” with 10,000 corresponding non-fungible tokens (NFTs), each worth $2,000. The catch? Hirst’s patrons have until 3pm on July 21, 2022 to choose whether to keep the NFTs or trade them for the physical work — whichever they […]
We are very pleased to announce that Peters & Peters is now a proud member of the Legal Sustainability Alliance (LSA) – the leading sustainability network for law firms and the UK Legal sector. Our membership allows us to collaborate and share best practice with other member firms, taking positive steps to improve the environmental […]
On 22 July, new sanctions were announced under the UK’s Global Anti-Corruption sanction regime, targeting five individuals based on their involvement in serious corruption in Equatorial Guinea, Zimbabwe, Venezuela and Iraq. Anna Bradshaw spoke to the Washington Post about the UK’s post-Brexit policy on sanctions, describing the new corruption sanction designations as “the most recent […]
