Legal expert and author of ‘Asset Forfeiture Law in the United States’ Stefan Cassella examines a recent judgement in which the court found that circumstantial evidence, including structuring money order transactions and the use of names of defendant’s friends and relatives, is sufficient to establish that the defendant was aware… Read More
Anastasia Nesvetailova, City, University of London Russian “dirty money” is a security threat to the UK, according to a report called “Moscow’s Gold”, just published by a committee of members of parliament. The threat is based on the argument that London has been harbouring flows of Russian… Read More
The fallout from the alleged $500 million attempted fraud involving the National Bank of Angola and a HSBC bank account in the UK was quite dramatic, and now allegations of funds mismanagement have ignited a financial crime investigation that has quickly spread across four countries, and shows no signs of… Read More
By Amos Wittenberg In the field of NFC readers and facial recognition technology, passports seem a little old hat: delicately constructed, a relic from an ink and paper time. But the documents — or at least the citizenship for which they are proxy — are… Read More
The European Union’s General Data Protection Regulation (GDPR) came into effect on Friday, introducing measures designed to give citizens more control of their personal information and also help small businesses reduce costs and red tape. The Regulation updates the principles of the 1995 Data Protection Directive to guarantee privacy rights,… Read More
The EU’s General Data Protection Regulation (GDPR) came into force on 25 May 2018. The new law is aimed at bolstering consumer rights and also helping businesses slash red tape regarding information management, the EU said. Some of the features include a “right to be forgotten,” where an individual can… Read More
New European Parliamentary research has outlined the bloc’s new system of blacklisting countries considered to be non-cooperative jurisdictions on tax matters, and explains some of the thinking behind the listing of tax havens. Although there is ‘no single definition of a tax haven,’ there are a number of commonalities in… Read More
London, saddled with the label of the “World’s Capital for Money Laundering,” seems to have stumbled in its war against financial crime. A scheme it touted as some kind of “world first” to combat money laundering and other financial crime seems to have some loopholes which are worrisome if not… Read More
President Trump’s decision to withdraw the United States from the Joint Comprehensive Plan of Action (JCPOA) lights the fuse on the sanctions suspended under President Obama in 2015. It was not exactly unexpected, however. Trump made doing away with the deal, which relaxed sanctions against Iran in exchange for significant… Read More
With the Fifth Anti-Money Laundering Directive (5AMLD) now endorsed by the European Union , the thoughts of the United Kingdom government and the governments of all the other 27 Member States will turn to converting it into national law through their domestic legislative procedures. The UK has played a key… Read More