Blog
Kingsley Napley’s Medical Negligence Team ‘walks together’ with the Dame Vera Lynn Children’s Charity
Sharon Burkill
30 January 2023
Major rise in SARs volume and suspect funds locked – UK FIU report
The latest Annual Report of the NCA’s UK Financial Intelligence Unit (UKFIU), published this week, makes interesting reading. The UKFIU is responsible for receiving, analysing and disseminating intelligence submitted through the Suspicious Activity Reports (SARs) regime and its role is to alert law enforcement agencies, both at home and abroad, to potential instances of money laundering and terrorist financing.
20 January 2023
The Gambling Commission’s focus on AML failings shows no signs of abating with the publication of new regulatory actions
With the back-to-back release of public statements, regulatory actions by the Gambling Commission are coming thick and fast. On 17 January the Commission announced it had agreed a regulatory settlement with the online gaming company, Vivaro Limited trading as Vbet, in respect of its AML and responsible gambling failings. Following swiftly on its heels was the statement of action taken against another online gaming company, TonyBet, for imposing unfair terms and for its AML and responsible gambling failings.
13 January 2023
FCA anti-money laundering fines continue to mount up
Over the past few months, the FCA has handed out a string of significant financial penalties relating to anti-money laundering (AML) systems and controls failures at financial institutions in the UK.
22 December 2022
The Public Sector Fraud Authority: too little, too late?
There is an epidemic of fraud in England and Wales – it now accounts for 40% of all crimes. And that is just the tip of the iceberg: many instances are under reported and under investigated due to limitations in police resources. It’s hoped that a new public sector authority may provide the impetus to tackle this huge burden.
14 December 2022
Failure to prevent: Will more money for HMRC mean enforcement at last?
Chancellor Jeremy Hunt’s Autumn Statement made newspaper headlines for its tax changes and cuts to public spending. But the statement also included a plan to increase funding to HMRC, in a move which might finally allow the agency to begin enforcing the woefully underused corporate criminal offences (CCOs) of failure to prevent the facilitation of UK and foreign tax evasion.
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