Legal
Best Practice | 26 Jul 18
‘Onerous compliance’ behind UK money laundering failings
UK anti money laundering efforts are struggling because heavy handed reporting rules are creating a glut in poor quality reports – a reform body has said.
Claimant numbers double in mis-sold Sipp lawsuit
A UK law firm at the heart of a mis-selling case against an introducer, a financial adviser and two Sipp providers has said it now represents 210 clients.
Fraudster ordered to hand over inheritance to pay fine
A UK man who was jailed for seven-years for defrauding investors out of £21m (€23.9m, $28.1m) has had an inheritance he received from his mother’s estate confiscated by the Financial Conduct Authority (FCA).
Best Practice | 8 Jun 18
Tax investigators could get greater search warrant powers
The UK’s Serious Fraud Office and HM Revenue & Customs could be given the right to apply for a search warrant independently of the police under modernisation plans.
Best Practice | 4 Jun 18
UK sets out overseas compensation framework
Britain’s Crown Prosecution Service (CPS), National Crime Agency (NCA) and Serious Fraud Office (SFO) have agreed a framework to speed up compensation claims from overseas victims of economic crime.