Fraud

15 January 2019

Tackling illicit finance: lawyers under the spotlight

At the end of last year the National Crime Agency published its annual report on Suspicious Activity Reports (SARs) for 2018. Media reporting (such as in the FT, subscription required), on the annual report has focussed, amongst other things, on the relatively small proportion of SARs made by lawyers. Is this a fair criticism and, if so, what is the reason for it?

Jonathan Grimes

13 November 2018

The UK’s new National Economic Crime Centre

On 11 December 2017, the UK government published its five year Anti-Corruption strategy with the aims of preserving the UK’s status as “one of the safest and cleanest places in the world to do business", and “building a strong, confident Global Britain”.  Since 2010 the UK has taken significant steps to fight bribery and corruption, and is now ranked, according to Transparency International, as one of the ten least corrupt countries in the world. Notwithstanding this, money laundering and corruption remain a growing threat: the National Crime Agency estimates that over £90bn are laundered through the UK economy each year.

Ed Smyth

24 July 2018

New police training indicates authorities believe cryptocurrency is here to stay

Earlier this month, the Lord Chancellor David Gauke confirmed that a new 18 courtroom legal centre is to be built on the site of Fleetbank House in London which will focus on issues such as economic crime (including fraud) and cyber crime.  Due to be established in 2025, this “state-of-the-art court” is to give the message to the world that Britain “stands ready to deal with the changing nature of 21st century crime”.

Anna Holmes

25 May 2018

Dreamvar: innovate to survive

The Court of Appeal last week handed down its ruling in the case of Dreamvar v Mishcon de Reya.  The impact for the industry and profession is potentially huge – will it lead to a complete overhaul of the way property lawyers deal with purchase money?

Lucy Williams

12 March 2018

Share scheme fraudster pleads guilty to perverting course of justice in proceeds of crime case brought by Financial Conduct Authority

Alex Hope, who used over £2m of investors’ money to fund his lifestyle, has pleaded guilty to a charge of perverting the course of justice.

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