Martin Kenney: Why is the pressure on compliance professionals so intense?

Lindsay Columbo’s excellent post for the FCPA Blog (“How did due diligence ever become so complicated?”) articulated a set of thought-provoking observations that many of us working in the financial and legal sector, and who have compliance and KYC obligations, have been pondering for some time. Lindsay draws attention to a number of anomalies that […]

Martin Kenney on UK enforcement: Repay what you stole, or stay in prison

It is refreshing that a convicted fraudster, who is already serving a custodial sentence for his original crime, has had his sentence increased due to his failure to repay millions of dollars to his victims. The so-called Wolf of Wimbledon, Jeffrey Revell-Reade, who helped trick hundreds of British investors into buying worthless shares in a […]

Martin Kenney selected as ‘2018 Thought Leader’ by Who’s Who Legal

Read Martin’s Q&A below The managing partner of Martin Kenney & Co Solicitors, BVI, Martin is an international fraud and asset recovery lawyer. His firm of 25 has been described by the UK’s Wired magazine as being among the “sharpest fraud-busters in the world”. Martin is a founding member of ICC FraudNet and winner of […]

Are Public UBO Registers a Good or a Bad Proposition?

Today’s guest post, from Martin Kenney, the Managing Partner of Martin Kenney & Co., a law firm based in the British Virgin Islands (BVI), continues an ongoing debate/discussion we’ve been hosting here at GAB on the costs and benefits of public registries of the ultimate beneficial owners (UBOs) of companies and other legal entities. That […]

COMMENTARY — UK’s registry move draws fire

Those who hanker for a transparent world where everybody knows each other’s business are now on a roll. Having browbeaten the House of Commons into enacting a statute seeking to impose public ultimate beneficial ownership registers on the United Kingdom’s overseas territories, such as the Virgin Islands, there are moves afoot to legally fortify this […]

UK’s targeting of Russian oligarchs as a national security threat is a sham

Russia and its oligarchs are not alone in their kleptomaniac, money-laundering endeavours. Those who hanker for a transparent world where everybody knows each other’s business are now on a roll. Having browbeaten the House of Commons into enacting a statute seeking to impose public ultimate beneficial ownership (UBO) registers on the UK’s overseas territories, such […]

The UK Order on UBO Registries in Overseas Territories – A Reply

Earlier this month, Martin Kenney, the Managing Partner of Martin Kenney & Co. Solicitors (a specialized investigative and asset recovery practice based in the British Virgin Islands (BVI)) posted a widely-read piece on the FCPA Blog that criticized the UK Parliament’s decision to require that British Overseas Territories create public registries of the ultimate beneficial […]

Martin Kenney: ConocoPhillips exposes the Venezuela kleptocracy

The breaking news is that U.S. petroleum company, ConocoPhillips, headquartered in Texas, has been authorized by a Curacao court to seize in the region of $636 million in assets belonging to Petróleos de Venezuela, S.A (Venezuela’s state oil company, or PDVSA). The dispute arises out of the 2007 nationalization of the U.S. company’s projects in […]

Martin Kenney: Who, then, detects the fraud?

This year’s 2018 Association of Certified Fraud Examiners (ACFE) Report to the Nations makes extremely interesting reading but, as one would expect, there is little in the way of good news, with fraud continuing to be as big a problem in the United States as it is globally. So in the ACFE report, what catches […]

Martin Kenney: Hey, the G-7 countries sell passports too

They are regularly described as “Golden Visas,” a take on the popular Roald Dahl tale of the lucky finders of the golden ticket granting entry to Charlie Bucket’s chocolate factory. Like the children’s book and subsequent films, there is the potential for a dark side to materialize out of the numerous Citizenship for Investment Programs […]