Category: money laundering
Offshore owners of British property to be forced to reveal names – The Guardian
‘Offshore owners of British property will be forced to reveal their true identities or face jail sentences and unlimited fines under draft laws that aim to end the UK’s reputation as a high-risk jurisdiction for money laundering.’
The Guardian, 23rd July 2018
Source: www.theguardian.com
Anti-money laundering crackdown should be more focused on most suspicious activity – Law Commission
‘Anti-money laundering laws should be streamlined and strengthened to help law enforcement agencies to focus on serious crime, say the Law Commission.’
Law Commission, 20th July 2018
Source: www.lawcom.gov.uk
Care home boss who stole millions from residents jailed – Crown Prosecution Service
‘The owner of a care home who tried to defraud residents out of £4.1million by isolating them from their families and persuading them to make him a beneficiary of their wills has been jailed today.’
Crown Prosecution Service, 13th July 2018
Source: www.cps.gov.uk
Dealer of toxic diet pills that killed student guilty of manslaughter – The Guardian
‘An online steroid dealer who sold toxic slimming pills that killed a bulimic student has been found guilty of manslaughter.’
The Guardian, 27th June 2018
Source: www.theguardian.com
Fraud, bribery and money laundering offences: Assessment of guideline – Sentencing Council
‘The Sentencing Council has published its assessment of the impact of its Fraud, Bribery and Money Laundering offences guideline on sentencing trends, under its statutory duty to monitor the operation and effect of its sentencing guidelines and to draw conclusions from this information.’
Sentencing Council, 26th June 2018
Source: www.sentencingcouncil.org.uk
32Red hit with £2m penalty for sole problem gambler – BBC News
‘Online gambling operator 32Red has been hit with a £2m penalty for failing to protect a problem gambler.’
BBC News, 20th June 2018
Source: www.bbc.co.uk
Jail for solicitor who forged documents and stole £800,000 of client money – Legal Futures
‘A dishonest solicitor who forged documents and stole clients’ mortgage payments after taking the reins of a law firm has been jailed for seven years and six months.’
Legal Futures, 11th June 2018
Source: www.legalfutures.co.uk
UK agency warns Brexit could lead to rise in organised crime – OUT-LAW.com
‘The UK body charged with fighting serious and organised crime has warned that the country’s impending withdrawal from the EU could lead to a rise in money laundering, bribery and other corporate offences.’
OUT-LAW.com, 14th May 2018
Source: www.out-law.com
Companies House lambasted for trumpeting conviction of fraud whistleblower Kevin Brewer – The Independent
‘Companies House has been lambasted for trumpeting the prosecution of a whistleblower who used Vince Cable’s name to expose a gaping loophole exploited by fraudsters.’
The Independent, 16th April 2018
Source: www.independent.co.uk
Richard Frost: 117mph double death crash driver jailed – BBC News
‘A motorist who hit speeds of 117mph before killing two pedestrians when he drove along the verge on the wrong side of the road has been jailed.’
BBC News, 26th March 2018
Source: www.bbc.co.uk
William Hill fined £6.2m by Gambling Commission for lax controls – BBC News
‘Betting firm William Hill has been hit with a £6.2m penalty package for breaching anti-money-laundering and social responsibility regulations. The Gambling Commission said the company did not do enough to ensure prevention measures were effective.’
BBC News, 20th February 2018
Source: www.bbc.co.uk
New UK property register to help curb money laundering – OUT-LAW.com
‘Businesses based outside of the UK will have to disclose details about their ultimate owners when buying property in the country, under plans to be taken forward by the UK government.’
OUT-LAW.com, 22nd January 2018
Source: www.out-law.com
Terry Adams pays back £750,000 from proceeds of crime – Daily Telegraph
‘One of London’s most notorious former crime bosses has paid back almost three quarters of a million pounds in ill gotten gains, after being warned he would go back to prison if he failed to pay.’
Daily Telegraph, 8th December 2017
Source: www.telegraph.co.uk
Bitcoin: UK and EU plan crackdown amid crime and tax evasion fears – The Guardian
‘The UK and other EU governments are planning a crackdown on bitcoin amid growing concerns that the digital currency is being used for money laundering and tax evasion.’
The Guardian, 4th December 2017
Source: www.theguardian.com
Number of young people acting as ‘money mules’ doubles – BBC News
‘The number of young people caught acting as “money mules” has doubled in the past four years, according to the UK’s fraud prevention service, Cifas.’
BBC News, 27th November 2017
Source: www.bbc.co.uk
Websites allowing illegal activity ‘complicit in crime’ – BBC News
‘Websites that do not prevent the sale of illegal goods are complicit in cyber-crime, a crime chief has said.’
BBC News, 23rd October 2017
Source: www.bbc.co.uk
Mastermind of Heathrow ‘Thomas Crown Affair’ £7m heist jailed – Daily Telegraph
‘The mastermind behind a £7 million heist reminiscent of the Thomas Crown Affair had criminal friends burgle an elderly lady’s £1 million home to drive down the price, a court has heard. Rafaqat Hussain, 41, was said to be “at the heart of the conspiracy” which saw two Loomis van drivers steal cash belonging to Credit Suisse from inside a British Airways cargo depot at Heathrow airport.’
Daily Telegraph, 19th October 2017
Source: www.telegraph.co.uk
Solicitor General’s speech at Cambridge Symposium on Economic Crime – Attorney General’s Office
‘The Solicitor General discusses preventing and controlling economic crime in the modern world.’
Attorney General’s Office, 4th September 2017
Source: www.gov.uk/ago
