Our Thoughts

The Future of Crypto-Money Laundering Regulation

It has been over 9 years since the creation of Bitcoin and in that time cryptocurrencies have generated significant interest resulting in extensive global investment. It is generally acknowledged that cryptocurrencies and distributed ledger technology (DLT), the...

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...

Blockchain: a new AML kid on the block

Blockchain: a new AML kid on the block

Global spending on anti-money laundering (AML) compliance is set to grow to more than $8 billion by 2017. It is, therefore, a costly but necessary obligation for companies, particularly as confronting the rising threat of terrorism and the increasingly sophisticated...

SRA fines law firm MLRO for AML breach

SRA fines law firm MLRO for AML breach

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 supervisor under the Regulations by taking rare disciplinary...

Law enforcement drops the ball

Law enforcement drops the ball

A recent Freedom of Information Request to the MOJ by the Howard Kennedy Business Crime team elicited the rather startling response that only 5 individuals have been found guilty of offences under the Money Laundering Regulations 2007 since they came into effect on 15...

The Criminal Finances Bill – the buck stops at the top!

The Criminal Finances Bill – the buck stops at the top!

When introducing the Criminal Finances Bill in October of last year, the government announced that it would significantly improve the ability: to tackle money laundering and corruption recover the proceeds of crime and counter terrorist financing The Bill, promised in...

HMG Tightening The Screws – A New Anti-Money Laundering Body

The UK government has announced plans to create OPBAS – the Office for Professional Body Anti-Money Laundering Supervision – a new watchdog that will tackle potential weaknesses in the money laundering supervisory system that criminals and terrorists may be trying to exploit.

Anti Money Laundering.lawyer is an initiative of

In association with

Share This