Oligarch’s divorce becomes global asset recovery case
A Russian oligarch’s divorce case is turning into a classic global asset recovery struggle.
Crooks are (predictably) avoiding open company registers
The UK’s National Crime Agency said there were now signs that criminals were finding new tax havens where they could exploit lax regulation and hide their links to corrupt assets.
The 1MBD Scandal Moves Apace
The criminal investigation into Malaysia’s 1MDB scandal must be conducted in tandem with a multifaceted, multi-jurisdictional, multidisciplinary civil asset recovery investigation, says Martin Kenney
Martin Kenney: Big AML scandal points back to UK’s Companies House
Martin Kenney is scathing about an alleged $8.3 billion Danske Bank money laundering scandal via Estonia, which partly relied on false data being submitted to the UK’s Companies House. The bank’s punishment so far? A “stern ticking off.”
Martin Kenney: Whistleblowing is still a career-ending suicide mission
We need to have an effective whistleblower program to hang like a Sword of Damocles over those who think they can act dishonestly and with impunity, argues Martin Kenney.
Martin Kenney: Yes, Mossack Fonseca was a mess. But don’t blame the BVI
The Panama Papers made a difference, but bashing Britain’s overseas territories because of historical failings rectified years ago needs to stop.
Martin Kenney: Why is the pressure on compliance professionals so intense?
The pressure on compliance professionals is immense. The individuals charged with the responsibility will always have the sword of Damocles hanging over their heads.
Martin Kenney on UK enforcement: Repay what you stole, or stay in prison
Not only does the UK’s Proceeds of Crime Act seek to right wrongs, in doing so it discourages others from following in the offender’s footsteps and removes the allure of their negative and toxic role model.
Are public UBO registers a good or a bad proposition?
Public UBO registers are only as good as the information provided by those required to furnish it.
COMMENTARY — UK’s registry move draws fire
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 legislative decision by declaring it under the heading of national security.