Backdoor restraint orders go live in 2018

Backdoor restraint orders go live in 2018

A new and draconian measure has sneaked through as part of the Criminal Finances Act and will be in force at some point in 2018. While all legal eyes have been on the implementation of Unexplained Wealth Orders and the corporate offence of failing to present tax...
SRA fines law firm MLRO for AML breach

SRA fines law firm MLRO for AML breach

Ian Ryan Partner - Business Crime and Regulatory TwitterLinkedIn Following our recent report that the Money Laundering Regulations 2007 were not being used to prosecute in the regulated sector, the Solicitors Regulation Authority (SRA) has acted in its capacity as a...
Law enforcement drops the ball

Law enforcement drops the ball

Ian Ryan Partner - Business Crime TwitterLinkedIn Kyle Phillips Associate - Business Crime and Regulatory TwitterLinkedIn A recent Freedom of Information Request to the MOJ by the Howard Kennedy Business Crime team elicited the rather startling response that only 5...

UK Firms struggling with AML Due Diligence

Ian Ryan Partner - Business Crime and Regulatory TwitterLinkedIn The NCA are banging the same drum about law firms making inadequate suspicious activity reports (SARs). This is on the back of little evidence other than one or two recent decisions. I was quoted in this...

MLRO in the firing line

Ian Ryan Partner - Business Crime and Regulatory TwitterLinkedIn The FCA published two very interesting final notices today, one in respect of Sonali Bank (UK) Ltd and one in respect of that bank’s erstwhile MLRO, Mr Steven Smith. The notices illustrate the...

Orr, R. v [2016] EWCA Crim 889 (07 July 2016)

Ian Ryan Partner - Business Crime and Regulatory TwitterLinkedIn An interesting case report of a successful appeal by a solicitor against his money laundering conviction; interesting for a number of reasons, not least the original sentence. You can take a look at the...