The problem with the Serious Fraud Office is that it has constantly tried to over-hype itself and then under-delivered, argues our Senior Investigator, Tony McClements.
One of Allen Stanford’s victims said that Stanford was worse than Bernie Madoff, who has just died, because Stanford targeted middle-class investors. “He stole more than millions,” the victim said, “he stole our lives as we knew them.”
With new vaccines finally coming online and the impact of extended lockdowns and better testing regimes, there is finally some light at the end of the tunnel after the terrible year that was 2020.
UWOs were intended to empower UK law enforcement agencies to attack the UK-based assets of high-net worth individuals with shady pasts who owned assets of questionable origin. They could also be used to target UK-held assets of politically exposed persons (PEPs) suspected of grand corruption in their home states.
The fraud epidemic in the UK is now a national security threat, warns a venerable think tank.
At C5 virtual Geneva conference (23-25 March), Martin will be interviewing Deborah Connor, the U.S. Department of Justice’s Chief of the Money Laundering and Asset Recovery Section, about the ongoing asset recovery effort in the famous #1MDB case.
The new U.S. Corporate Transparency Act (CTA), which passed in late 2020 as part of the National Defense Authorization Act, makes seemingly significant changes to the information required when incorporating a company in the U.S.
The UK’s tax authorities should be congratulated on levying large fines against businesses that have breached strict anti-money laundering regulations.
TORONTO STAR: This is one list of leaders you don’t want to top: Global fines for financial institutions
With no fewer than four of the five biggest fines levied against financial institutions in 2020 against U.S. financial institutions, the new administration needs to do much more than merely combat poor business and regulatory practices.
NEWS: Inaugural Martin Kenney Award for ‘Outstanding Contribution to the Study of Financial Investigation’
We are pleased to announce the very first winner of the new Martin Kenney Award for Outstanding Contribution to the Study of Financial Investigation, presented in collaboration with the University of Central Lancashire’s (UCLan) School of Justice.