Financial institutions have come under scrutiny as the recently leaked “Fincen files” reveal banks and financial services firms that have been taking dirty cash from suspected money launderers. Neil Swift says “on the whole, banks take their obligations to file suspicious activity reports very seriously”. He argues that the reporting system is used to raise […]
The recent decision of the Commercial Court in Burford Capital Ltd v London Stock Exchange Group plc [2020] EWHC 1183 (Comm) is likely to make courts increasingly cautious when considering whether to grant Norwich Pharmacal orders (NPOs) for use in potential private prosecutions. It is likely that some of the obiter comments by Baker J, if applied […]
The UK government has today announcement proposed reforms to Companies House, the official register of company information. Companies House will have to verify the identity of anyone who wishes to file company information or register as a director and will be given greater powers to query, investigate and remove false information from the register. Jonathan […]
We are delighted to announce that our partner Dr. Anna Bradshaw is a co-editor on the first edition of the GIR The Guide to Sanctions. This guide provides a comprehensive overview of global sanction-related issues. Anna states “The book that you have now is the best you can get. While it doesn’t profess to give […]
The number six has long had a special place in history. Henry VIII famously had six wives. Aristotle mused that dramatic tragedy was composed of six foundational parts. And now we face ‘The Rule of Six’ – the latest slogan to be touted by politicians and media outlets alike in the fight against the Coronavirus. […]
Anna Bradshaw comments on proposals put forward by lawyers representing the Dunn family for Anne Sacoolas to appear at a trial in the UK via a video link from the US. Anna Bradshaw describes the proposed virtual trial, if agreed, as “groundbreaking” for the future of extradition of accused persons but identifies potential issues. Read […]
WikiLeaks founder, Assange is currently in court in London fighting his extradition to the U.S as a result of the violation of the Espionage Act. His lawyers argue that his foreign citizenship and affiliations would keep him from receiving a fair trial in the U.S. Nick Vamos says that Assange will have a tough time […]
On 7th April 2020, the FCA published its 2020/21 Business Plan, in which the regulator renewed its commitment to developing clean markets, robust in their resistance to the threat of market abuse. In its statement, the regulator, facing growing instability in the markets brought about by the COVID-19 pandemic, warned against the risk posed by […]
With the world of crypto offering fertile ground for fraud, what can victims do? Ultimately, when crypto-assets are stolen, the victim will be presented with a choice: whether to make a complaint to the authorities (pursing a criminal route) and/or seeking a civil claim. The best option will depend on a myriad of factors; but, as […]
2019 was a big year for cryptocurrencies and their ilk. Cryptocurrency security firm CipherTrace recently reported that crypto-criminals stole over $4.26bn in the first half of 2019 alone. This is unsurprising given some of the high-profile scandals that have come to light during the year. One of the highest profile scams of 2019 that has […]
